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With the new funding, Chaiz will continue to concentrate on the breakdown protection space. It will also expand product coverage for other items for customers like RV, motorsports and home appliances.

There are niche opportunities for lots of marketplace startups these days, and extended warranties for vehicle owners is now one of them. A case in point is Chaiz, a comparison marketplace for extended car warranties.

Chaiz announced it has $3.7 million committed in a seed funding round led by:

  • ResilienceVC
  • Anker Capital
  • Automotive Ventures
  • Everywhere Ventures
  • FJ Labs
  • Monte Carlo Capital
  • Never Lift Ventures
  • RedBlue Capital
  • Springtime Ventures

Previous investors include Everywhere VC, InsurTech NY, The Calm Fund and Project One Auto, a nationwide auto dealership.

What is the Chaiz marketplace?

Founded in 2021, Chaiz enables users to compare and buy extended auto warranties from a variety of providers online. The marketplace offers no-obligation quotes, easy comparisons, transparent pricing, and convenient shopping.

With the average age of vehicles on U.S. roads reaching 12.6 years and the most common check engine light repair costing over $1,300, the need for affordable, and reliable extended car warranties is big, the company says.

Chaiz empowers consumers to make informed decisions, potentially saving them significant amounts on repair costs.

With the new funding, Chaiz will continue to concentrate on the breakdown protection space. It will also expand product coverage for other items for customers like RV, motorsports, and home appliances, says Ryan Hartman, co-founder and chief marketing officer.

“Historically, this product has been marketed unethically with unnecessarily high prices. We’ve changed that,” Hartman says. “Using Chaiz, users can get transparent prices, research several providers, and buy online hassle-free once they find the perfect plan for their vehicle and budget.”

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