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
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Phone
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Website
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Social
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- Legal Name Squaretrade, Inc.
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Private Equity Round — $238.0M
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First Round
First Round
(17 Apr 2000)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2012 | Amount | Private Equity Round - SquareTrade | Valuation | Bain Capital Ventures , Bain Capital Private Equity |
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| Apr, 2000 | Amount | Series B - SquareTrade | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on investing in multiple sectors
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Founded Year | Domain | Location | |
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Private investment firm managing assets and expanding into equity, credit, and real estate services.
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Founded Year | Domain | Location | |
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Growth-stage companies are targeted for private equity investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SquareTrade
SquareTrade has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include iCracked. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SquareTrade
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Squaretrade Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wireless telecommunication services are delivered across the United Kingdom.
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| domain | founded_year | HQ Location |
Device insurance is offered via an app-based platform.
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| domain | founded_year | HQ Location |
Insurance quotes for devices and electronics are offered online.
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| domain | founded_year | HQ Location |
Offers insurance services and solutions to businesses in education, retail, and technology sectors.
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| domain | founded_year | HQ Location |
App for inputting, organizing, and protecting photography and videography equipment.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Squaretrade
Frequently Asked Questions about SquareTrade
When was SquareTrade founded?
SquareTrade was founded in 1999 and raised its 1st funding round 1 year after it was founded.
Where is SquareTrade located?
SquareTrade is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of SquareTrade?
Karl Wiley is the current CEO of SquareTrade.
Is SquareTrade a funded company?
SquareTrade is a funded company, having raised a total of $247M across 2 funding rounds to date. The company's 1st funding round was a Series B of $9M, raised on Apr 17, 2000.
How many employees does SquareTrade have?
As of Dec 31, 2022, the latest employee count at SquareTrade is 584.
What does SquareTrade do?
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.
Who are the top competitors of SquareTrade?
What products or services does SquareTrade offer?
SquareTrade offers Phone Protection Plan, Electronics Protection Plan, Appliance Protection Plan, and Furniture Protection Plan.
How many acquisitions has SquareTrade made?
SquareTrade has made 1 acquisition, including iCracked.
Who are SquareTrade's investors?
SquareTrade has 6 investors. Key investors include Allstate, Bain Capital Private Equity, Bain Capital Ventures, Weston Presidio, and Draper Richards.