Super, a San Francisco, California-based home care subscription service, as per recent reports, has just raised $20 million in a Series B funding round led by Aquiline Technology Growth (ATG), a New York, NY-based venture capital & private equity firm. The funding round was participated by Munich Re Ventures, Liberty Mutual Strategic Ventures, Moderne Ventures, 8VC, QIA, and Solon Mack Capital.
Super, established in 2015 by CEO Jorey Ramer, has to date raised a net total of $30 million in investment funding. Munich Re Ventures, the venture capital arm of one of the largest global reinsurers –Munich Re, continues to extend its support since its participation in leading the company’s Series A fundraising round from its HSB Fund.
Having a strong presence in key U.S. markets – Austin, Chicago, Dallas, Houston, Phoenix, San Antonio, and Washington, DC metro, the San Francisco-based Super plans on utilizing the recently raised investment to cover new geographies based on the market demand, along with hiring new technology professionals.
“Super has developed an effective, convenient platform to provide premium care and repair services for homeowners,” stated Max Chee of ATG. “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.”
“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,” mentioned Jorey Ramer, CEO and Founder, Super. “Our vision is to help homeowners own like a renter, by insuring more of the risks associated with owning a home.”