Super Raises $20M
Super, a San Francisco-based startup offering “care and repair” services for homes via a subscription plan, has raised $20m in a Series B round led by Aquiline Technology Growth, with participation from Munich Re Ventures, Liberty Mutual Strategic Ventures, Moderne Ventures, 8VC, QIA and Solon Mack Capital.
Founded in 2015 by CEO Jorey Ramer, Super offers three plans that cost $20, $60, or $90 per month. All plans come with a $75 co-pay and are restricted to breakdown coverage of appliances and systems such as interior plumbing, interior electrical, and heat systems. Super also offers ‘Service Rewards’ – a rewards program that allows users to book other home services that aren’t included in the breakdown coverage.
“Super has developed an effective, convenient platform to provide premium care and repair services for homeowners. Super is tackling an industry that is ripe for innovation with a smart, technology-forward approach, and we are excited to work with Jorey and the rest of the team at Super to help continue that exciting trajectory.” – Max Chee, ATG.
“After purchasing my first home, it struck me that homeownership itself is a lot more stressful due to the lack of insight and visibility into unforeseen home-related expenses. Our vision is to help homeowners own like a renter, by insuring more of the risks associated with owning a home.” – CEO and Founder of Super, Jorey Ramer.
Bottom Line: “Smarter than home warranty.”