How much funding has Clearcover raised?

Clearcover has raised $329.5M in total funding, most recently a Venture Round.

Who are Clearcover's investors?

Clearcover's investors include American Family Ventures, Cox Enterprises, Lightbank, Eldridge Industries, OMERS Ventures, Hyde Park Angels.

When was Clearcover founded?

Clearcover was founded in 2016.

Where is Clearcover headquartered?

Clearcover is headquartered in Chicago, Illinois, United States.

What industry is Clearcover in?

Clearcover operates in Insurtech.

How many employees does Clearcover have?

Clearcover has 201-500 employees.

Clearcover

Car insurance that's fast, easy, and affordable.

Chicago, United States · Founded 2016 · $329.5M raised

Insurtech

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.

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