Venture Capital

Clearcover Raises $200M As Global Insurtech Funding Goes Full Throttle

by businessinsider.com posted 5months ago 55 views
Summary List PlacementThe US-based auto insurtech's large Series D round is rumored to have pushed its valuation over $1 billion, per its press release. It'll use the funding to double its overall headcount and expand to 25 states by next year, up from 15 today. Clearcover's app allows drivers to buy and manage their auto insurance policies, and it underwrites its own policies in eight states as of October. Clearcover is growing fast thanks to its use of tech to automate insurance processes and remove friction from the customer journey.

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