Sheppard Mullin-Led Extend Lands $1.6B Valuation In Series C

Law360 (May 18, 2021, 5:36 PM EDT) -- Two-year-old extended warranty and product protection plan provider Extend said Tuesday it's now valued at $1.6 billion following its Series C funding round, which was guided by Sheppard Mullin.

The $260 million financing for San Francisco-based Extend included investors such as SoftBank Vision Fund 2, PayPal Ventures and Meritech Capital Partners and will be used to grow the team, invest in its technology and expand its services, according to a statement. The business has now raised $315 million in total funding, it added.

"With this new injection of capital and vote of confidence from our investors, Extend is in a strong...

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