Chaiz raises $3.7 million

Chaiz, an Austin, Texas-based marketplace for extended car warranties, has raised $3.7 million in seed funding led by ResilienceVC, with participation from Anker Capital, Automotive Ventures, Everywhere Ventures, FJ Labs, Monte Carlo Capital, Never Lift Ventures, RedBlue Capital, and Springtime Ventures.

Founded in 2021, Chaiz claims to be the first online marketplace for vehicle protection, enabling consumers to research, compare and buy protection online with just a few clicks.

Chaiz plans to expand its coverage to include RVs, motorsports, and home appliances.

“We believe everyone should have breakdown protection for their car after their factory warranty expires. Historically, this product has been marketed unethically with unnecessarily high prices. We’ve changed that. 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.” – Ryan Hartman, Co-Founder and CMO of Chaiz.