Tech Company Financing Transactions
ForeverCar Funding Round
ForeverCar, operating out of Chicago, received $15 million from City Capital Advisors, CMFG Ventures and private investors.
Transaction Overview
Company Name
Announced On
9/6/2017
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$15,000,000
Round
Undisclosed
Investors
Proceeds Purpose
With this new infusion of capital, ForeverCar will expand its innovative and consumer-friendly financing solution by capitalizing a new entity, ForeverCar Consumer Credit, LLC. The company will also expand their direct-to-consumer and business-to-business marketing, sales, and servicing capabilities.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
820 West Jackson Blvd. 515
Chicago, IL 60607
USA
Chicago, IL 60607
USA
Phone
Website
Email Address
Overview
ForeverCar is an online web portal that enables consumers to purchase extended vehicle service contracts directly. These contracts are 100% backed by A.M. BEST, an A-rated insurance underwriter.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Mark Hodes
Controller
Robyn Frazier
VP - Bus. Development
Jason Shapiro
VP - Engineering
Daniel Rothschild
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