About Clearcover
Clearcover is a Transportation, Automotive & Logistics company based in Chicago (United States) founded in 2016 by Kyle Nakatsuji. Automotive insurance is delivered via an online platform. It operates in the Transportation, Automotive & Logistics and Financial Services sectors. Clearcover has raised $457.2 million across 10 funding rounds from investors including SVB, OMERS Ventures and American Family Ventures. The company has 166 employees. Clearcover was last valued at $1 billion in November 2022. Its chief executive, as recorded, is Kyle Nakatsuji. Its website clearcover.com draws about 51 thousand monthly visits. Its focus areas include FinTech, Internet First Insurance Platforms, Internet First Insurers and P&C. Its legal entity is CLEARCOVER, INC. Its competitors include Cambridge Mobile Telematics, Metromile and HDVI; 3 of its 3 listed competitors have raised funding.
Company details
Clearcover was founded in 2016 in Chicago, United States, as an online platform in the automotive insurance sector. Policy details are managed through a Quick View ID card, where claims are submitted and tracked, payment methods are updated, payments are processed, and related information is accessed. Coverages are validated, and eligibility for expedited payments is evaluated. The platform is supported on Android and iOS devices.
- Total Equity Funding$457.2M (USD)
in 10 rounds
- Latest Funding Round$25M (USD), Series D
Oct 2025
- InvestorsSVB
& 15 more
- Employee Count166
Apps and channels of Clearcover
Clearcover publishes 2 mobile apps with over 100K+ downloads; its YouTube channel Clearcover has 161 subscribers and 30 videos.
Videos from Clearcover
The most watched videos on Clearcover's YouTube channel, Clearcover (161 subscribers). Click a video to play it here.
More on Clearcover.
Funding Insights of Clearcover
Clearcover has successfully raised a total of $457.2M across 10 strategic funding rounds. The most recent funding activity was a Series D round of $25 million completed in October 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $457.2M
- Total Rounds 10
- Last Round Series D — $25M
- First Round $2.5M
(Nov 2016)
- Investors Count 16
All 10 funding rounds of Clearcover with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2025 | $25M | Series D | – | – | – |
| Jan 2025 | $26.2M | Series D | – | – | – |
| Oct 2024 | $44M | Series D | – | – | – |
| Mar 2024 | $55M | Series D | – | – | – |
| Apr 2021 | $200M | Series D | $1B | Eldridge Industries | |
| Jan 2020 | $50M | Series C | – | OMERS | |
| Jan 2019 | Debt – Venture | – | – | ||
| Jan 2019 | $43M | Series B | – | Cox Enterprises | |
| May 2017 | $11.5M | Series A | – | Lightbank | |
| Nov 2016 | $2.5M | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2021 | $1B | •••••••• |
Last known valuation $1B (Nov 2022). 16 investors in total: 16 institutional.
Investors in Clearcover
Clearcover has secured backing from 16 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, OMERS Ventures and American Family Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage technology-driven companies are targeted for venture capital investments. | omersventures.com | Toronto, Canada | ||
Corporate-backed venture capital firm focused on fintech, Insurtech, and multiple sectors | amfamventures.com | Madison, United States | ||
Venture capital firm focused on tech startups | iacapgroup.com | New York, United States | ||
Tech focused seed & early stage VC firm investing primarily in the US | lightbank.com | Chicago, United States | ||
Early-stage startups are funded through venture capital investments. | hpa.vc | Chicago, United States | ||
Multiple sectors are targeted for venture capital investments by Greycroft. | greycroft.com | New York, United States | ||
Venture capital and acceleration are provided to tech startups. | 500.co | Ho Chi Minh City, Vietnam | ||
Holding company investing in insurance, asset management, technology, mobility, sports, music, real estate, and consumer sectors | eldridge.com | Miami, United States | ||
| hannover-digital-invest.com | ||||
Early-stage investments in fintech, vertical SaaS, and marketplaces are targeted. | btv.vc | San Francisco, United States |
Investor details for Clearcover
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Clearcover
60 people are tracked at Clearcover (26 in leadership, 34 in team); the tracked headcount is 166.
| Name | Role | Group |
|---|---|---|
Kyle Nakatsuji | Co-Founder & CEO | Leadership |
Scott Jones | Product Director, Insurance | Leadership |
Norman Smagley | EVP & CFO | Leadership |
Derek Brigham | Co-Founder & COO | Leadership |
Halee Knicker | VP Of People | Leadership |
Mark Valleskey | Vp, Claims | Leadership |
Jen Crutchfield | General Counsel And Head Of Government Affairs | Leadership |
Jerrell West | Claims Director- Shared Services- Fnol/apd/estimating | Leadership |
Jennifer Zeidler | Head Of Public Relations | Leadership |
Michelle Fischgrund | Human Resources Business Partner | Leadership |
Bud Bach | Vice President - IT / Security | Leadership |
Adam Fischer | Chief Product & Technology Officer | Leadership |
Frank Fineis | Director Of Machine Learning Engineering | Leadership |
Pinal Soni | Senior Vice President Of Engineering | Leadership |
Vandana Venkat | President, Clearcover Insurance Company | Leadership |
Rhonda Wilson | VP Of Product | Leadership |
Tara Cleary | Vp, Controller | Leadership |
Michael Xiao | Head Of Data Science And Analytics | Leadership |
Brandon Donisi | Director Of Claims Operations | Leadership |
Rohan Bhale | Director, Auto Product Data Science | Leadership |
40 more people are available in the full profile.
Complete people profiles for Clearcover
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Clearcover
4 dated milestones of Clearcover across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Clearcover is founded.
- Funding First funding round of $2.5M.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series D, of $25.0M.
Competitors of Clearcover
Clearcover has 3 listed competitors in our database, 3 of them funded. They include Cambridge Mobile Telematics, Metromile and HDVI.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| cmtelematics.com | 2010 | Cambridge, United States | $502.5M | 318 | Usage-based data monitoring solutions for the auto insurance industry | |
| metromile.com | 2011 | San Francisco, United States | $295.4M | 389 | App that provides usage-based auto insurance platform for individuals | |
| hdvi.com | 2018 | Chicago, United States | $88.5M | 82 | Telematics-based data & monitoring solutions for auto insurers and fleet owners |
Detailed competitors of Clearcover
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Clearcover
The website of Clearcover (clearcover.com) receives about 51.3K visits a month and ranks #371,598 among all websites worldwide, #1,919 in Insurance.
- Monthly visits51.3K
▼ 2.5% vs previous month
- Unique visitors21.4K
per month
- Global rank#371,598
among all websites
- Category rank#1,919
Finance · Insurance
- Bounce rate45%
- Pages per visit8.7
- Average visit2 min 36 sec
- DevicesDesktop 52% · Mobile 48%
Websites whose visitors overlap most with Clearcover. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
official-insurance.com | official-insurance.com | 100% | #160,710 | – | |
| orion180.com | 86% | 54K | #434,622 | View details | |
natgenagency.com | natgenagency.com | 85% | #54,330 | – | |
foragentsonly.com | foragentsonly.com | 82% | #18,718 | – | |
| withhugo.com | 77% | 876.9K | #42,697 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Clearcover
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Related news about Clearcover
Complete news archive for Clearcover
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Frequently Asked Questions about Clearcover
Clearcover was founded in 2016.
Clearcover is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Kyle Nakatsuji is the CEO of Clearcover, as recorded in our data. They have also founded this company.
Clearcover is a funded company, having raised a total of $457.2M across 10 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Nov 2016.
Clearcover has 166 employees.
Clearcover was founded in 2016 in Chicago, United States, as an online platform in the automotive insurance sector. Policy details are managed through a Quick View ID card, where claims are submitted and tracked, payment methods are updated, payments are processed, and related information is accessed. Coverages are validated, and eligibility for expedited payments is evaluated. The platform is supported on Android and iOS devices.
Clearcover's top competitors include Metromile, Cambridge Mobile Telematics and HDVI.
Clearcover has 16 investors. Key investors include SVB, OMERS Ventures, American Family Ventures, Cox Enterprises, and IA Capital Group.
The valuation of Clearcover is $1B as of Nov 2022.
Clearcover operates through Clearcover, Inc..
Yes. Clearcover publishes Clearcover Car Insurance and 1 more app, with over 100,000 downloads.