AAA Super powers to $20m series B

Super powers to $20m series B

US-based home repair subscription service Super has secured $20m in a series B round featuring Munich Re Ventures and Liberty Mutual Strategic Ventures, subsidiaries of reinsurance firm Munich RE and insurer Liberty Mutual.

The round was led by venture capital firm Aquiline Technology Growth and included the government-owned Qatar Investment Authority, Moderne Ventures, 8VC and Solon Mack Capital also took part.

Founded in 2015, Super operates an online platform that allows homeowners to access service providers for home repair and maintenance jobs.

Users pay a monthly subscription charge for the service and Super covers the costs of repairs for home appliances such as washers, dryers and dishwashers, and for the home’s electric or plumbing systems.

Super will use the capital to expand its platform into new markets, make strategic hires and further develop its technology. The company has raised $30m in total, it said, adding that Munich Re had led its series A round through its Munich Re/HSB Ventures unit.

The company had received $3.6m in a 2015 seed round featuring 8VC predecessor Formation 8, Lux Capital, Founder Collective, General Catalyst, Montage Ventures and Maiden Lane Ventures.

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