About ForeverCar
ForeverCar is a Transportation, Automotive & Logistics company based in Chicago (United States) founded in 2011, and was acquired by CUNA Mutual Group in November 2020. Auto service contract insurance is provided via an online platform. It operates in the Transportation, Automotive & Logistics and Business Services sectors. ForeverCar has raised $17.65 million across 5 funding rounds from investors including CUNA Mutual Group, CMFG Ventures and Method Capital. The company has 12 employees. Its focus areas include Consumer, Auto E-Commerce & Content, Insurance and Extended Warranty. Its legal entity is FOREVERCAR LLC. Its competitors include RepairPal, CarDash and Openbay; 3 of its 3 listed competitors have raised funding.
Company details
ForeverCar was founded in 2011 in Chicago, United States. An online platform is operated in the auto insurance sector, where insurance for vehicle service contracts is offered. Partnerships are maintained with service providers to integrate quoting, commerce, and fulfillment engines. Additional services such as wheel and tire protection, dent and ding protection, key replacement, and windshield protection are also provided.
- Headquarters Chicago, United States
- Employees 12
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsBusiness Services
- Email••••••••
- Phone•••• ••••
- Website forevercar.com
- Social LinkedIn X Facebook
- Acquired by CUNA Mutual Group (Nov 2020)
- Legal Name Forevercar Llc
- Total Equity Funding$17.65M (USD)
in 5 rounds
- Latest Funding Round$648.75K (USD), Series A
Apr 2020
- InvestorsCUNA Mutual Group
& 4 more
- Employee Count12
- Acquired byCUNA Mutual Group
(Nov 2020)
Funding Insights of ForeverCar
ForeverCar has successfully raised a total of $17.65M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $648.75 thousand completed in April 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $17.65M
- Total Rounds 5
- Last Round Series A — $648,750
- First Round $10M
(Apr 2016)
- Investors Count 4
All 5 funding rounds of ForeverCar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2020 | $648,750 | Series A | – | – | – |
| May 2018 | $4M | Series A | – | – | – |
| Sep 2017 | $12M | Debt – Conventional | – | – | – |
| Aug 2017 | $3M | Series A | – | CMFG Ventures, Method Capital | |
| Apr 2016 | $10M | Series A | – | CMFG Ventures |
5 investors in total: 4 institutional and 1 angel.
Investors in ForeverCar
ForeverCar has secured backing from 5 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include CUNA Mutual Group, CMFG Ventures and Method Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Corporate-backed venture capital firm focused on fintech, Insurtech, and multiple sectors | cmfgventures.com | Madison, United States | ||
Venture capital funding is provided to Midwest technology companies. | method.capital | Chicago, United States | ||
Venture capital funding is provided to Midwest technology companies. | kdwcventures.com | Chicago, United States | ||
Insurance and investment solutions are provided to credit unions. | 1935 | cunamutual.com | Madison, United States | |
JS Jai Shekhawat | Founder of Heartland Foods, active angel investor in Indian startups | unknown_c29fd66bfa4f4529b |
Investor details for ForeverCar
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of ForeverCar
613 people are tracked at ForeverCar (176 in leadership, 11 in board & advisors, 426 in team); the tracked headcount is 12.
| Name | Role | Group |
|---|---|---|
Becki Hagerman | Vp, Sales Specialists - Business Experience Team | Leadership |
Beth Anne Mandia | Director, Brand And Creative Services | Leadership |
Tyler Careem Nelson | Vice President National Sales | Leadership |
Greg Holman | SVP, Chief Administrative Officer | Leadership |
Pat Lawicki | EVP, Chief Information Officer | Leadership |
Chris Copeland | EVP, Chief Business Officer | Leadership |
Casali | Director, Actuarial Governance | Leadership |
Sharmila Menon-Nair | Director & Chief Compliance Officer And Company Secretary, Trustage Life Of Canada | Leadership |
Bt Thomas | Vp, Associate General Counsel | Leadership |
Jennifer Christianson | Director Corporate Communications | Leadership |
Nathaniel Burns | Vice President Of Sales | Leadership |
Eric Boyd | Managing Director-portfolio Manager | Leadership |
Justin Harrison | Regional Vice President | Leadership |
Jon Winderman | EVP, CFO | Leadership |
Beverly Culpepper | Vice President, Sales | Leadership |
Brian Flynn | VP National Sales | Leadership |
Ronald Williams | Divisional Sales Director - North | Leadership |
Chris Eckart | Vice President, Sales | Leadership |
David Gordon | VP Sales | Leadership |
Jeffrey Ramos | VP Sales | Leadership |
593 more people are available in the full profile.
Complete people profiles for ForeverCar
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of ForeverCar
4 dated milestones of ForeverCar across 9 years, from founding to its latest funding, stage changes and deals.
- Founded ForeverCar is founded.
- Funding First funding round of $10.0M.
- Funding Latest funding round, Series A, of $649K.
- Exit Acquired by CUNA Mutual Group.
Competitors of ForeverCar
ForeverCar has 3 listed competitors in our database, 3 of them funded. They include RepairPal, CarDash and Openbay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| repairpal.com | 2007 | Emeryville, United States | $35.89M | 94 | Auto repair estimates and vetted mechanic directories are offered online. | |
| cardash.com | 2016 | Palo Alto, United States | $5.3M | Online marketplace for car repair services | ||
| openbay.com | 2012 | Cambridge, United States | $8M | Automotive repair services are aggregated via a mobile app platform. |
Detailed competitors of ForeverCar
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of ForeverCar
The website of ForeverCar (forevercar.com) receives about 4.3K visits a month.
- Monthly visits4.3K
▼ 17.1% vs previous month
Websites whose visitors overlap most with ForeverCar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
warrantydirect.com | warrantydirect.com | 100% | – | ||
| allclearid.com | 72% | 9.4K | #1,920,238 | View details | |
| oorooauto.com | 49% | 11.6K | #2,148,436 | View details | |
redrivesub.com | redrivesub.com | 49% | – |
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Related news about Forevercar
Complete news archive for ForeverCar
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Frequently Asked Questions about ForeverCar
ForeverCar was founded in 2011 and raised its 1st funding round 5 years after it was founded.
ForeverCar is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
ForeverCar is a funded company, having raised a total of $17.65M across 5 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Apr 2016.
ForeverCar has 12 employees.
ForeverCar was founded in 2011 in Chicago, United States. An online platform is operated in the auto insurance sector, where insurance for vehicle service contracts is offered. Partnerships are maintained with service providers to integrate quoting, commerce, and fulfillment engines. Additional services such as wheel and tire protection, dent and ding protection, key replacement, and windshield protection are also provided.
ForeverCar has 5 investors. Key investors include CUNA Mutual Group, CMFG Ventures, Method Capital, Jai Shekhawat, and Method Capital.
ForeverCar operates through Forevercar Llc.
Yes. ForeverCar was acquired by CUNA Mutual Group in November 2020.