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May 11, 2020

Clyde raises $14 million Series A to help e-commerce businesses offer extended warranty plans

Four years ago, Brandon Gell was an architecture student who spent most of his time working on 3D printing modular housing. Now, he’s the founder of Clyde, an extended warranty startup that wants to help small e-commerce businesses offer product protection.

Today, the company announced it has raised a $14 million Series A led by Spark Capital with participation from Crosslink, RRE, Rea Sea Ventures and others.

How do you go from being a product person to the founder of an insurance startup? According to Gell: a stint at a four-person 3D scanner startup in Columbus, Ohio.

Because the team and resources were small, Gell was put in charge of finding an insurance company to work with to protect their expensive end product of scanners. Read rest here.