Clareto

Richmond, United States Founded: 2016 • Age: 10 yrs Acquired By MIB
Diversified insurance carrier
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About Clareto

Clareto is a company based in Richmond (United States) founded in 2016 was acquired by MIB in May 2025.. Clareto offers products and services including EHR+ and Data Network. Clareto operates in a competitive market with competitors including State Farm, HUB International, Assurant, Prudential and Voya Financial, among others.

  • Headquarter Richmond, United States
  • Sectors
    Financial Services
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Financial Services → Insurance & Risk Management
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
    Munich Re

    & 2 more

  • Employee Count
    Employee Count
  • Acquired by
    MIB

    & 1 more

    (May 02, 2025)

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Products & Services of Clareto

Clareto offers a comprehensive portfolio of products and services, including EHR+ and Data Network. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.

Primary

Solution for accessing HIPAA-authorized health data for insurance underwriting.

Platform providing configurable APIs for efficient health data retrieval.

People of Clareto
Headcount 10-50
Employee Profiles 6
Employee Profiles
People
Chinita Scales
Client Manager
People
Shannah Potter
PMO Manager
People
Nick Nero
Head Of Product & Security
People
Kerry Hurley
Director of Finance

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Funding Insights of Clareto

  • Total Funding
  • Total Rounds 1
  • Last Round
  • First Round
  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Feb, 2019 Amount Series A - Clareto Valuation Health Catalyst Capital
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Clareto

Clareto has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Munich Re, Health Catalyst Capital and MIB. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Growth-stage US tech companies are funded by Health Catalyst Capital.
Founded Year Domain Location
Platform offering insurance risk management solutions
Founded Year Domain Location
MIB is engaged in providing data solutions for the life insurance industry.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Clareto

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Clareto

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Clareto Comparisons

Employees
+
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Competitors of Clareto

Clareto operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as State Farm, HUB International, Assurant, Prudential and Voya Financial, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Insurance and financial services are provided to individuals and businesses.
domain founded_year HQ Location
Investment advisory, insurance distribution, and risk management services are provided.
domain founded_year HQ Location
Homeowner, rental, vehicle, flood, and travel insurance services are provided.
domain founded_year HQ Location
Life, health, and financial insurance services are provided globally.
domain founded_year HQ Location
Provider of pension fund for the employees based out of the US
domain founded_year HQ Location
Life insurance and diversified asset management services are provided.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Clareto

Frequently Asked Questions about Clareto

When was Clareto founded?

Clareto was founded in 2016 and raised its 1st funding round 3 years after it was founded.

Where is Clareto located?

Clareto is headquartered in Richmond, United States. It is registered at Richmond, Virginia, United States.

What does Clareto do?

Clareto was founded in 2016 and is headquartered in Richmond, United States. Operations are conducted as a diversified insurance carrier within the financial services sector. A range of insurance products and coverage options are managed through the companys domain, clareto.com. Focus is placed on risk management and policy issuance for various client needs across the region. Standard regulatory compliance is maintained in all activities.

Who are the top competitors of Clareto?

Clareto's top competitors include HUB International, Unum and Assurant.

What products or services does Clareto offer?

Clareto offers EHR+ and Data Network.

Who are Clareto's investors?

Clareto has 3 investors. Key investors include Munich Re, Health Catalyst Capital, and MIB.

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