ForeverCar raises $15 million in debt, equity
ForeverCar, an online provider of extended warranties for car owners, has raised another $15 million as it expands the business.
The Chicago-based company is going to offer financing of extended warranties to consumers, as well, launching ForeverCar Consumer Credit. It raised $12 million in debt financing, as well as $3 million from existing investors, including CMFG Ventures (the venture-capital arm of Cuna Mutual Group), Method Capital (formerly called KDWC Ventures), Fieldglass founder Jai Shekhawat and others.
ForeverCar raised $10 million about a year ago.
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