Tips and Advice
Dec16

Protect My Car Completes $7 Million Series C Financing Round

0 comment

Protect My Car Completes $7 Million Series C Financing Round

Protect My Car, one of many nation’s main suppliers of extended warranty service contracts for nearly all vehicle makes and fashions, introduced as we speak that’s has secured a rise to its present credit score facility. Protect My Car has elevated its credit score facility to $thirteen million dollars. Nice White Shark Alternative Fund made its first funding in Protect My Car three and a half years in the past. This venture was led by its Chief Funding Officer, David Chessler. Nice White Shark Alternative Fund has participated in all three rounds of funding accomplished by Protect My Car.

The Series C funding is the most important thus far that Protect My Car has acquired, and is in alignment with the corporate’s robust continued efficiency within the rising aftermarket warranty market. Series A funding of $three million closed in July 2013, and Series B funding of $four million closed in September 2015.

Amongst different key investments that speed up gross sales progress, Protect My Car intends to make use of the brand new funding to reinforce the corporate’s proprietary know-how, create a buyer-centered on-line account administration system, and construct an internet platform that will increase effectivity throughout its gross sales and improvement groups.

“Our group has labored very arduous to develop and set up our firm as a pacesetter within the extremely aggressive extended auto warranty area,” commented Ron Roberts, Protect My Car’s VP of Enterprise Improvement. “Per this most up-to-date spherical of funding from our excellent and visionary companions at GWSOF, we have now each confidence that we’re positioned to take advantage of vital progress alternatives, and optimize options that higher serve our roster of consumers throughout the nation.”

Extra information on Protect My Car is accessible at https://protectmycar.com/.

“Our staff has labored very onerous to develop and set up our firm as a pacesetter within the extremely aggressive extended auto warranty area,”commented Ron Roberts, Protect My Car’s VP of Enterprise Improvement.

About Protect My Car

Protect My Car is among the nation’s main suppliers of extended vehicle service contracts. The corporate’s extended protection plans are perfect for shoppers with automobiles lower than 10 years previous and with fewer than one hundred fifty,000 miles, and whose producer’s warranty has expired or will expire quickly. Shoppers with automobiles older than 10 years and greater than one hundred fifty,000 miles can benefit from Protect My Car’s Ambassador line of insurance policies, which embrace 24/7 roadside help, rental car reimbursement, and protection of between 25-50 % of repair payments. All the firm’s insurance policies are provided with a “free look” trial interval. If a brand new buyer is just not utterly glad, they will contact the Buyer Service Division inside 30 days and obtain a full refund of their down cost.

About Nice White Shark Alternative Fund

The Nice White Shark Alternative Fund focuses on asset based mostly debt lending to small and center market companies. The Fund investments shall be structured as senior secured debt with warrants, fairness securities or different upside elements. The first function of the debt instrument is to offer a constant month-to-month fastened revenue return whereas additionally offering draw back safety by means of a senior secured curiosity. The Fund will search to construct a broad based mostly and diversified pool of investments in progress oriented corporations.

Tags:

Related Posts "Protect My Car Completes $7 Million Series C Financing Round"