About Clyde
Clyde is a company based in New York (United States) founded in 2017 by Jereme Holiman, Nick Scaglione, and Josh Scaglione was acquired by Cover Genius in March 2023.. Clyde has raised $58 million across 3 funding rounds from investors including Cover Genius, Headline and Vulcan Aerospace. Clyde offers products and services including Extended Warranty, Registration, and Resolution. Clyde operates in a competitive market with competitors including Mulberry, Extend, Evy, egaranti and Anycover, among others.
- Headquarter New York, United States
- Founders Jereme Holiman, Nick Scaglione, Josh Scaglione
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$58 M (USD)
in 3 rounds
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Latest Funding Round
$41 M (USD), Series B
Oct 19, 2021
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Investors
Cover Genius
& 18 more
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Employee Count
Employee Count
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Acquired by
Cover Genius
(Mar 14, 2023)
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Products & Services of Clyde
Clyde offers a comprehensive portfolio of products and services, including Extended Warranty, Registration, and Resolution. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides product protection plans to boost profits and customer satisfaction
Enables simple product registration for better customer tracking
Automates issue resolutions to save costs and improve experiences
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Funding Insights of Clyde
Clyde has successfully raised a total of $58M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $41 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $41.0M
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First Round
First Round
(27 Nov 2018)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series B - Clyde | Valuation | Headline | |
| May, 2020 | Amount | Series A - Clyde | Valuation | Spark Capital | |
| Nov, 2018 | Amount | Seed - Clyde | Valuation | Red Sea Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Clyde
Clyde has secured backing from 19 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Cover Genius, Headline and Vulcan Aerospace. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are made in early-stage tech startups across multiple sectors.
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Founded Year | Domain | Location | |
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Spark Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital is invested in various sectors by Crosslink Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Clyde
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Clyde
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Clyde Comparisons
Competitors of Clyde
Clyde operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mulberry, Extend, Evy, egaranti and Anycover, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Warranty management solutions and insurance are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Extend is recognized for providing AI-driven post-purchase solutions.
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| domain | founded_year | HQ Location |
Product warranty management solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Warranty management software solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Loyalty management software is provided for e-commerce businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Clyde
Frequently Asked Questions about Clyde
When was Clyde founded?
Clyde was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Clyde located?
Clyde is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Clyde a funded company?
Clyde is a funded company, having raised a total of $58M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Nov 27, 2018.
What does Clyde do?
Clyde was founded in 2017 in New York, United States, as a provider of warranty management solutions tailored to the insurance sector. Operations focus on product protection plans, customer management, product development, extended warranty services, and policy administration. These tools support insurance businesses in handling warranties efficiently across various product lines and customer interactions.
What products or services does Clyde offer?
Clyde offers Extended Warranty, Registration, and Resolution.
Who are Clyde's investors?
Clyde has 19 investors. Key investors include Cover Genius, Headline, Vulcan Aerospace, Spark Capital, and Crosslink Capital.
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