About Extend
Extend is a company based in San Francisco (United States) founded in 2019 by Joe Moss, Michael Darmousseh, Rohan Shah, and Woodrow Levin. It operates as a SaaS (Software-as-a-Service), and Commission-Based. Extend has raised $386.28 million across 6 funding rounds from investors including PayPal, Nationwide and 10X Capital. Extend offers products and services including Product Protection, Shipping Protection, Claims Automation, Fraud Detection, and Returns and Exchanges. Extend operates in a competitive market with competitors including Mulberry, Clyde, Evy, egaranti and Anycover, among others.
- Headquarter San Francisco, United States
- Founders Joe Moss, Michael Darmousseh, Rohan Shah, Woodrow Levin
- Stage Unicorn
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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
$386.28 M (USD)
in 6 rounds
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Latest Funding Round
$16.3 M (USD), Series C
Aug 09, 2021
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Investors
PayPal
& 15 more
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Employee Count
Employee Count
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Products & Services of Extend
Extend offers a comprehensive portfolio of products and services, including Product Protection, Shipping Protection, Claims Automation, Fraud Detection, and Returns and Exchanges. 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.
Protection is offered for product failure and damage.
Coverage is provided for loss, damage, and theft.
Automated support is delivered for claim processing efficiency.
AI-powered detection is used to prevent fraudulent activities.
Seamless returns are facilitated to enhance customer experience.
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Software Development Team
38 people
Leadership Team
15 people
Sales and Marketing
10 people
Operations Team
9 people
Product Management Team
7 people
Senior Team
4 people
Strategic Team
3 people
Human Resources and Administration
2 people
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Funding Insights of Extend
Extend has successfully raised a total of $386.28M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $16.3 million completed in August 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 6
- Last Round Series C — $16.3M
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First Round
First Round
(07 Mar 2019)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series C - Extend | Valuation |
investors |
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| Jun, 2021 | Amount | Series C - Extend | Valuation |
investors |
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| May, 2021 | Amount | Series C - Extend | Valuation | SoftBank Vision Fund |
| 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 Extend
Extend has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include PayPal, Nationwide and 10X Capital. 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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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward US-based companies.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage big data, health tech, AI, food tech, and multiple sectors
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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 Extend
| 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 - Extend
| 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 |
Extend Comparisons
Competitors of Extend
Extend 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, Clyde, 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 |
Warranty management solutions are provided for insurance businesses.
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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 |
|---|---|---|---|---|
| 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 Extend
Frequently Asked Questions about Extend
When was Extend founded?
Extend was founded in 2019.
Where is Extend located?
Extend is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Extend?
Woodrow Levin is the current CEO of Extend. They have also founded this company.
Is Extend a funded company?
Extend is a funded company, having raised a total of $386.28M across 6 funding rounds to date. The company's 1st funding round was a Series C of $260M, raised on Mar 07, 2019.
What does Extend do?
Extend is established as a provider of post-purchase solutions for merchants, leveraging AI and automation to enhance customer experiences. Services are focused on product and shipping protection, automated claims processing, fraud detection, and seamless returns and exchanges. The platform is integrated with major commerce systems like Shopify and BigCommerce, serving industries such as apparel, electronics, furniture, and more. Revenue growth and cost reduction are facilitated through optimized customer interactions and fraud mitigation. Brand loyalty is nurtured by offering quick and efficient claim resolutions.
What products or services does Extend offer?
Extend offers Product Protection, Shipping Protection, Claims Automation, Fraud Detection, and Returns and Exchanges.
Who are Extend's investors?
Extend has 16 investors. Key investors include PayPal, Nationwide, 10X Capital, SoftBank Vision Fund, and Launchpad Capital.
What is Extend's valuation?
The valuation of Extend is $1.6B as of May 2021.
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