Protect My Car, a US-based provider of extended warranty service contracts for vehicles, completed a $7M Series C financing round.
Great White Shark Opportunity Fund provided the financing.
The company will use the funds to accelerate sales growth, enhance proprietary technology, create a customer-centered online account management system, and build an online platform that increases efficiency across its sales and development teams.
Protect My Car provides extended vehicle service contracts to consumers with cars less than 10 years old and with fewer than 150,000 miles, whose manufacturer’s warranty has expired or will expire soon. The company’s Ambassador line of policies include 24/7 roadside assistance, rental car reimbursement, and coverage of between 25-50% of repair bills. All of the policies are offered with a free-look trial period. If a new customer is not completely satisfied, they can contact the Customer Service Department within 30 days and receive a full refund of their down payment.
FinSMEs
12/05/2017