Super, a U.S.-based insurtech startup, announced on Wednesday it raised $50 million through its Series C investment round, which was led by Wells Fargo Strategic Capital with participation from Asahi Kasei, AAA – Auto Club Group, Gaingels, REACH, and the NATIONAL ASSOCIATION OF REALTORS’ strategic technology investment fund.
Founded in 2015, Super states it offers subscription services providing care and repair for customers’ homes.
“Super is committed to providing premium service quality for all homeowners, partneringwith the best local servicers to deliver quick and effective home repair and maintenance at a predictable cost, using technology to take the hassle out of homeownership.”
Jorey Ramer, Co-Founder and CEO of Super, shared more details about the company’s development:
“Building a full-stack insurtech business has put us in a unique position to create a vastly superior customer and servicer experience because we have greater control over our product and operations. Data and technology are critical to delivering this experience and give us a better understanding of the home, and the best way to address expected work and costs.”
Super further noted that it currently serves households in Austin, Baltimore, Chicago, Dallas, Houston, Phoenix, San Antonio, and Washington, D.C. The company then concluded it will use the latest investment funds to accelerate growth, which includes market expansion to hiring and expanding its service offerings.