Upsie, the US-based developer of an online platform for consumer product warranties, has received $18.2m a series A round featuring insurer CSAA Insurance and electronics producer Samsung.
CSAA Insurance and Samsung were represented in the round by their respective corporate venturing arms, Avanta Ventures and Samsung Next.
Venture capital firm True Ventures led the round, which also included Concrete Rose VC, Kapor Capital, Massive Fund, Backstage Capital, Awesome People Ventures, Draft Ventures, Matchstick Ventures, M25, Silicon Valley Bank, Bread & Butter Ventures, Ordinary Ventures, Diverse Angels, Imagination Capital and Uncommon VC, as well as assorted angel investors.
Upsie operates an online platform through which consumers can purchase, transfer and cancel warranty products for consumer electronics such as home appliances, mobile phones and gaming consoles.
Upsie will use the investment for recruitment activities and to expand its product offering.
The company has raised at least $24.9m of funding since it was founded in 2015.
True Ventures also led a $5m round for Upsie in May 2019 that included Techstars Ventures, Matchstick Ventures, Syndicate Fund, M25 and private investor Marc Belton.
In 2018, the company picked up $1.7m from Techstars Ventures, Matchstick Ventures, Gopher Angels, M25, Village Capital Investments, Syndicate Fund and assorted angel investors.