ForeverCar Holdings
Latest round
- Series A
Last raised
- Oct 2016
Total raised
- $10M
Investors
- 2
About ForeverCar Holdings
ForeverCar Holdings, Inc.ForeverCar Holdings, Inc. provides innovative vehicle repair services to customers in the United States. Founded in 2011, the company is headquartered in Chicago, US. It has undergone significant growth, securing a total of 5 deals, including its most recent acquisition by CUNA Mutual Group in November 2020, with financial details undisclosed.ForeverCar provides subscription-based vehicle repair plans designed to enhance the car repair experience for drivers. Their core product offering includes a vehicle service plan that grants customers access to a dedicated repair concierge, who assists in the event of a breakdown. This concierge service aids with arranging tow trucks, negotiating with mechanics, and covering the costs of covered repairs, allowing customers to simply pay their deductible and retrieve their vehicle. The company partners with various trusted brands and organizations to offer discounted rates for these plans, targeting a diverse clientele that includes individual drivers as well as members of affiliated organizations.ForeverCar generates revenue through its subscription-based model for vehicle repair plans, creating a direct relationship with consumers. Customers pay a monthly fee to access their vehicle service contracts, which are designed to alleviate the financial and logistical burden of vehicle repairs. The structure of transactions is primarily B2C, as customers enroll in these service plans directly through the company's website. Specific pricing plans and details regarding the structure of the service contracts vary based on the coverage selected and state regulations.ForeverCar Holdings, Inc. is focused on expanding its services and geographic presence. While no new products have been explicitly mentioned, the company aims to enhance its offerings and reach more customers. The acquisition by CUNA Mutual Group provides an opportunity for further investment in service improvements and market expansion.S. markets.
Who invested in ForeverCar Holdings
2 investors across 1 round
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Funding rounds
Series A
Oct 25, 2016
Amount
$10M
Investors
Questions about ForeverCar Holdings
Who invested in ForeverCar Holdings?
ForeverCar Holdings has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has ForeverCar Holdings raised?
ForeverCar Holdings has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did ForeverCar Holdings last raise money?
ForeverCar Holdings's most recent round on record is a Series A, in Oct 2016.
What does ForeverCar Holdings do?
ForeverCar Holdings is a internet company.
Where is ForeverCar Holdings headquartered?
ForeverCar Holdings is headquartered in Chicago, US.
Which VCs invest in companies like ForeverCar Holdings?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at ForeverCar Holdings's stage. Their profiles are linked below.
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