Cuna Mutual Group's CMFG Ventures unit has led a round that will help the car repair insurance marketplace extend its offering.
ForeverCar, a US-based provider of automotive repair protection plans, has secured $10m in a funding round led by CMFG Ventures, the strategic investment unit owned by insurance firm Cuna Mutual Group.
The round also featured venture capital firm KDWC Ventures and Jai Shekhawat, founder of vendor management software producer Fieldglass, in addition to unnamed existing investors. City Capital Advisors managed the round.
ForeverCar operates an online marketplace through which car owners can access a range of repair protection plans with…
