The round was led by ResilienceVC, with additional participation from Anker Capital, Automotive Ventures, Everywhere Ventures, FJ Labs, Monte Carlo Capital, Never Lift Ventures, RedBlue Capital, and Springtime Ventures.
The Austin-based firm aims to use the funds to enhance its product coverage to include recreational vehicles (RVs), motorsports, and home appliances. The expansion will broaden Chaiz’s market reach and facilitate comprehensive protection solutions for a wider range of consumer needs.
Chaiz was founded in 2021 and claims to be the first online marketplace for vehicle protection, ensuring consumers can research, compare, and buy protection plans online with just a few clicks. The company previously raised a $1 million pre-seed round.
Ryan Hartman, Co-Founder and CMO of Chaiz, commented on the company’s mission to provide ethical marketing and transparent pricing: “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.”
