Clearcover News

Insurance Startup Clearcover Raises $200M, Creating Unicorn Valued at $1B: Reuters

Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment firm helmed by Los Angeles Dodgers owner Todd Boehly, the digital car-insurance startup will announce on Tuesday. In a statement …

Digital MGA Clearcover Raises $50M; Plans on Entering More States, Becoming Carrier

Clearcover, a digital managing general agent focused on auto insurance, said it has raised $50 million in new financing. The company said the money will be used to accelerate further national growth as well as further its plans to become …

AI-Driven MGA Clearcover Raises $43 Million; American Family Among Backers

American Family Insurance joined a new $43 million financing round for Clearcover, a managing general agent with an artificial intelligence-driven platform focused on car insurance. The Chicago-based insurtech startup said its Series B financing was led by Cox Enterprises. American …

Clearcover Insurtech Announces California Launch

Clearcover, a data-driven auto insurtech startup, announced the California launch of its platform today and that it is officially selling car insurance policies to residents in the state. The Chicago, Ill-based firm is promising that “consumers can save hundreds of …

Chicago-based Clearcover Raises $11.5M to Launch Auto Insurtech Model

Chicago, Ill.-based Clearcover announced an initial funding round of $11.5 million led by Lightbank. Greycroft Partners, 500 Startups, Silicon Valley Bank, and other insurance and fintech investors also participated in the financing. Clearcover will use the funding to scale up …