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Clearcover

Clearcover

Private
Chicago, IllinoisFinTechhttps://clearcover.com/

Last Round

VC Round

Oct 31, 2025

Est. Valuation

$1B

Total Funding Raised

$449.7M

Momentum

Top 50%

of companies Caplight tracks

Company Overview

Clearcover is an insurtech company that provides an online car insurance platform designed to deliver optimal coverage and enhance the automobile insurance experience through cost savings and an intuitive quote process.

Sector

FinTech

Verticals

InsurTech, D2C Brands, API Management, NLP & Conversational AI

Business Model

B2B2C

Customer Profile

Subscription SaaS

AI Layer

Application

Keywords

auto insuranceInsurTechdigital insurancedigital insurerembedded insuranceinsurance APID2C insuranceAI claims processingnon-standard auto insurancehigh-risk auto insurancereciprocal insurance exchangemobile insurance appautomated claimsdata-driven underwritingrideshare endorsement

Historical Pricing

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Caplight Momentum Score

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Clearcover Comparables

Compare Clearcover with similar companies based on industry and business-model similarity.

Clearcover comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Root, Inc.
84%
Lemonade
83%
Mile Auto
73%

Clearcover Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
VC RoundOct 31, 2025
Pre SeedJan 21, 2025
Series DNov 6, 2024
Series DApr 11, 2024
Series ENov 25, 2022
Series D
Apr 13, 2021

Key People

Founding team and executive leadership

Kyle Nakatsuji

Founder CEO

Founding Team

Jen Kemp

Chief Financial Officer

Executive Team

Norman Smagley

Executive Vice President & Chief Financial Officer

Executive Team

Clearcover Investors

Notable investors and investment history

Clearcover investors
InvestorRounds
Fort Ross VenturesSeries D
Sixty Degree CapitalSeries D
OMERSSeries D, Series C
Financial Technology PartnersSeries D
LightbankSeries D, Series B, Series A
State Farm VenturesSeries C
500 GlobalSeries D, Series A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jun 23, 2026

    Cited on the Inc. 5000 list of fastest-growing private companies.

  • Mar 5, 2026

    Dearborn Labs will deploy AI solutions for insurance carriers and MGAs.

Clearcover Filings

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Clearcover filings preview — column headings only; records require access
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Frequently Asked Questions

Common questions about Clearcover's valuation, stock price, and market status.

Is Clearcover a public or private company?

Clearcover is a private company.

What is the current stock price of Clearcover?

Clearcover is a private company with no public stock price. No recent secondary market data is available.

How much is Clearcover worth (valuation)?

Clearcover's valuation is estimated at $1.0B based on funding round data.

Can I buy Clearcover stock?

Clearcover shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Clearcover's last funding round?

Clearcover's most recent funding round was VC Round on April 13, 2021.

Who are the main investors in Clearcover?

Key investors in Clearcover include Lightbank, Eldridge Industries, Armory Square Ventures, Eldridge, OMERS Ventures.

Will Clearcover IPO soon?

No public IPO plans have been announced for Clearcover.

How can I track Clearcover secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Clearcover's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersChicago, Illinois
Employee Range170
Year Founded2016
Last FundingOct 31, 2025

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