SquareTrade Receives $238M Growth Equity Investment Led by Bain Capital

SquareTrade, a San Francisco, CA-based independent consumer warranty provider, has received a $238m growth equity investment made jointly by affiliates of Bain Capital, LLC.

The company intends to use the proceeds from the financing to continue to grow in the consumer warranty market.

Co-founded in 2009 by CEO Steve Abernethy and Ahmed Khaishgi, SquareTrade offers branded warranties directly from its web site as well as through more than 30 retailers and marketplaces.

Prior investors in the company include Weston Presidio Capital and JP Morgan Partners.

SquareTrade is currently hiring (http://www.squaretrade.com/pages/about-us-overview).



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