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The Venture Codex

Protect My Car

570 Carillon Pkwy., Suite 300, St. Petersburg, FL, 33716, United States

Overview

Protect My Car offers extended warranty products and vehicle service contracts, selling and administering coverage for consumers whose manufacturer warranties have expired or will expire soon. The company targets vehicles under 10 years old and under 150,000 miles and also markets an "Ambassador" line for older vehicles that includes 24/7 roadside assistance, rental car reimbursement, and at least 50% repair-bill savings. All products are offered with a 30-day "Free Look" trial allowing new customers a full refund of their down payment if not satisfied. Headquartered in St. Petersburg, Florida and founded in 2005, PMC is vertically integrated across sales and administration. The company has received local growth recognition (TBBJ Fast 50 for two consecutive years) and ranked 663 on the Inc. 5000; it was also named the 2nd best place to work in Tampa Bay. Management says it plans to accelerate growth through strategic partnerships. Protect My Car is a US-based provider of extended vehicle service contracts for consumers. It offers coverage for cars under 10 years old and with fewer than 150,000 miles whose manufacturer’s warranty has expired or will expire soon. Its Ambassador policies include 24/7 roadside assistance, rental car reimbursement, and coverage of between 25–50% of repair bills. All policies are offered with a free-look trial period allowing new customers to contact Customer Service within 30 days for a full refund of their down payment if not satisfied. The company completed a $7M Series C financing round and will use the funds to accelerate sales growth and enhance proprietary technology. Protect My Car also plans to create a customer-centered online account management system and build an online platform to increase efficiency across its sales and development teams.

Total raised
$7M
Funding rounds
2
Latest round
Series C
Latest activity
May 2017

Industries

  • Auto Insurance
  • Automotive
  • Insurance
  • Property Insurance
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Recent funding

  1. Series C

    May 2017

    $7M

Team