Clearcover
Car insurance that's fast, easy, and affordable.
Chicago, United States · Founded 2016 · $329.5M raised
- Headquarters
- Chicago, Illinois
- Employees
- 201–500
- Founded
- 2016
- Business Model
- B2C
- Website
- clearcover.com
- Total Funding
- $329.5M
- Last Round
- $25.0M Venture RoundOct 2025
- Rounds
- 5
About
Clearcover is a digital-first auto insurance company that uses AI-driven claims processing and a mobile-native platform to offer competitive coverage at lower cost. The company's technology-forward approach enables eligible claims to be paid in as little as 7 minutes, and customers can manage their policy entirely through Clearcover's app. Built on a modern tech stack including Ruby on Rails, React, Python, and Scala, Clearcover is rebuilding car insurance from the ground up with a focus on efficiency and customer experience.
Summary
Clearcover is an Insurtech company based in Chicago, United States, founded in 2016. It has raised $329.5M in total across 5 rounds, most recently a $25.0M Venture Round round in Oct 2025. Investors include American Family Ventures, Cox Enterprises and Lightbank.
Tech & App Stack
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Funding History
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Oct 2025
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Series A through Venture Round — per-round amounts, valuations, and who invested in each round.
Investors
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