ForeverCar Announced $10 Million in Backing From CUNA Mutual Venture Arm
Auto warranty startup ForeverCar announced it has raised $10 million in a Series A round led by CMFG Ventures; the venture arm of CUNA Mutual Group. The Chicago-based startup allows customers to shop different auto service plans based on their car type and mileage driven. Also included in the deal is a cobranded website and marketing platform with a CUNA Mutual Group credit union.
Bottom Line: trending upward.