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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

Business Model

B2C

Customer Profile

Data as a Service, Services & Consulting

AI Layer

Application

Keywords

auto insuranceinsurtechdigital insurancereciprocal insurance exchangemanaging general agentMGAagentic AIAI insuranceclaims automationembedded insuranceAPI-first insuranceinsurance carrierneocoverdata-driven underwritinginsurance as a service

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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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

Adam Fischer

Chief Operating 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.

  • Jul 23, 2026

    Featured on the Deloitte Technology Fast 500 list.

  • Jul 5, 2026

    Recognized on CNBC's World's Top Insurtech Companies list.

Clearcover Filings

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Clearcover filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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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, so its shares have no public market price. Caplight tracks Clearcover's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.

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.

When was Clearcover's last funding round?

Clearcover's most recent funding round was VC Round on October 31, 2025.

Who are the main investors in Clearcover?

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

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 in Clearcover's shares on secondary markets.

Firmographic Details

HeadquartersChicago, Illinois
Employee Range165
Year Founded2016
Last FundingOct 31, 2025

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