Armadillo raises $3.5 million
Home warranty company Armadillo has secured $3.5 million in a Seed round led by Distributed Ventures.
Founded in 2021 by Matan Slagter and Lansdon Robbins, Armadillo offers home warranty subscription protection plans in partnership with Hornbeam Insurance. Plans are available in 50 states.
“Although Armadillo is singularly focused on home warranty initially, the ‘health of the home’ as a theme has expansive application across the entire life cycle of home ownership, including inspection, prevention, maintenance and replacement. Armadillo is well positioned to leverage its wedge into the home to capture the broader ‘operating system of the home’ market opportunity.” – Adam Blumencranz, partner, Distributed Ventures.
“Armadillo has re-imagined the entire home warranty product, simplifying the service agreement, broadening distribution and significantly improving the user experience from purchase to claims. They are taking an omni-channel approach to distribution, unlocking opportunities incumbents have historically ignored, including partnerships with real estate agents and P&C brokers/carriers.” – Michael Peri, partner, Distributed Ventures.
“We believe our customers shouldn’t have to worry when stuff breaks in their homes. Our tech-forward platform provides a home warranty subscription product for a new age of homeowners, making it easy, convenient and fast to repair or replace home appliances and systems in their homes.” – Matan Slagter, CEO, Armadillo.