About SquareTrade
SquareTrade is a company based in San Francisco (United States) founded in 1999 was acquired by Allstate in November 2016. SquareTrade has raised $247 million across 2 funding rounds from investors including Allstate, Bain Capital Private Equity and Bain Capital Ventures. The company has 584 employees as of December 31, 2022. SquareTrade has completed 1 acquisition, including iCracked. SquareTrade offers products and services including Phone Protection Plan, Electronics Protection Plan, Appliance Protection Plan, and Furniture Protection Plan. SquareTrade operates in a competitive market with competitors including Raylo, Upsie, AKKO, SPB UK and MyGearVault, among others.
- Headquarter San Francisco, United States
- Employees 584 as on 31 Dec, 2022
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Squaretrade, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$247 M (USD)
in 2 rounds
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Latest Funding Round
$238 M (USD), Private Equity Round
Jan 25, 2012
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Investors
Allstate
& 5 more
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Employee Count
584
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Allstate
(Nov 28, 2016)
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Products & Services of SquareTrade
SquareTrade offers a comprehensive portfolio of products and services, including Phone Protection Plan, Electronics Protection Plan, Appliance Protection Plan, and Furniture Protection Plan.
Covers accidental damage for smartphones and devices.
Protects TVs and appliances from malfunctions and damage.
Offers coverage for home appliances against wear and defects.
Safeguards furniture from stains and accidental damage.
Funding Insights of SquareTrade
SquareTrade has successfully raised a total of $247M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round of $238 million completed in January 2012. 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.
Investors in SquareTrade
SquareTrade has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Allstate, Bain Capital Private Equity and Bain Capital Ventures.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on investing in multiple sectors
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Private investment firm managing assets and expanding into equity, credit, and real estate services.
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Growth-stage companies are targeted for private equity investments.
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Investor details for SquareTrade
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Investments & Acquisitions by SquareTrade
SquareTrade has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include iCracked.
Investment portfolio details for SquareTrade
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provides on-demand repair services for various technology devices.
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Locked | Locked | 2010 | Locked |
Complete acquisition details for SquareTrade
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Financial Statements - SquareTrade
Detailed financials for SquareTrade
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Squaretrade Comparisons
Peer comparison for SquareTrade
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Competitors of SquareTrade
SquareTrade operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Raylo, Upsie, AKKO, SPB UK and MyGearVault, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Wireless telecommunication services are delivered across the United Kingdom.
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Device insurance is offered via an app-based platform.
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Insurance quotes for devices and electronics are offered online.
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Offers insurance services and solutions to businesses in education, retail, and technology sectors.
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App for inputting, organizing, and protecting photography and videography equipment.
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Detailed competitors of SquareTrade
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Latest news on Squaretrade
Complete news archive for SquareTrade
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Frequently Asked Questions about SquareTrade
SquareTrade was founded in 1999 and raised its 1st funding round 1 year after it was founded.
SquareTrade is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Karl Wiley is the current CEO of SquareTrade.
SquareTrade is a funded company, having raised a total of $247M across 2 funding rounds to date.
As of Dec 31, 2022, the latest employee count at SquareTrade is 584.
SquareTrade was established in 1999 in San Francisco, United States, as an independent provider in the consumer electronics warranty sector. Coverage is offered for appliances and devices regardless of purchase origin, including online auctions or retail stores. Warranty plans are purchased directly online. Operations focus on straightforward insurance services for consumer goods across the United States.
SquareTrade offers Phone Protection Plan, Electronics Protection Plan, Appliance Protection Plan, and Furniture Protection Plan.
SquareTrade has made 1 acquisition, including iCracked.
SquareTrade has 6 investors. Key investors include Allstate, Bain Capital Private Equity, Bain Capital Ventures, Weston Presidio, and Draper Richards.