Extended warranties are big business. A report from Research and Markets estimates the segment will reach a whopping $50.2 billion by 2026. There's unsurprisingly merchant interest in the opportunity, but most sellers lack the know-how and bandwidth required to pursue it. That's where Extend comes in. The San Francisco-based company, which offers what it describes as a full stack extended warranty program, today announced that it's raised $16.4 million in funding led by GreatPoint Ventures with participation from Pritzker Group Venture Capital, Lightbank, and Shah Capital Partners, along with ex-CEO of Equifax Rick Smith, Katerra CEO Michael Marks, DraftKings CEO Jason Robins, and Village Global cofounder Erik Torenberg. Extend founder and CEO Woodrow Levin said the capital infusion will support Extend's product development efforts.

Extended warranties are big business. A report from Research and Markets estimates the segment will reach a whopping $50.2 billion by 2026. There's unsurprisingly merchant interest in the opportunity, but most sellers lack the know-how and bandwidth required to pursue it. That's where Extend comes in. The San Francisco-based company, which offers what it describes as a full stack extended warranty program, today announced that it's raised $16.4 million in funding led by GreatPoint Ventures with participation from Pritzker Group Venture Capital, Lightbank, and Shah Capital Partners, along with ex-CEO of Equifax Rick Smith, Katerra CEO Michael Marks, DraftKings CEO Jason Robins, and Village Global cofounder Erik Torenberg. Extend founder and CEO Woodrow Levin said the capital infusion will support Extend's product development efforts.