About Clearcover
Clearcover is a company based in Chicago (United States) founded in 2016 by Kyle Nakatsuji. Clearcover has raised $457.2 million across 10 funding rounds from investors including SVB, OMERS Ventures and American Family Ventures. Clearcover operates in a competitive market with competitors including Cambridge Mobile Telematics, Metromile, HDVI, Sigo Insurance and Zubie, among others.
- Headquarter Chicago, United States
- Founders Kyle Nakatsuji
- Stage Unicorn
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Phone
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Website
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Social
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- Legal Name Clearcover, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$457.2 M (USD)
in 10 rounds
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Latest Funding Round
$25 M (USD), Series D
Oct 17, 2025
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Investors
SVB
& 10 more
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Employee Count
Not available
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People of Clearcover
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Product Management Team
12 people
Software Development Team
9 people
Leadership Team
7 people
Finance and Accounting
7 people
Legal and Compliance
5 people
Human Resources and Administration
4 people
Claims Team
3 people
Customer Team
3 people
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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.
Investors in Clearcover
Clearcover has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, OMERS Ventures and American Family Ventures.
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Early-stage technology-driven companies are targeted for venture capital investments.
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Corporate-backed venture capital firm focused on fintech, Insurtech, and multiple sectors
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Venture capital firm focused on tech startups
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Investor details for Clearcover
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Investments & Acquisitions by Clearcover
Investment portfolio details for Clearcover
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Financial Statements - Clearcover
Detailed financials for Clearcover
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Clearcover Comparisons
Peer comparison for Clearcover
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Competitors of Clearcover
Clearcover 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 Cambridge Mobile Telematics, Metromile, HDVI, Sigo Insurance and Zubie, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Usage-based data monitoring solutions for the auto insurance industry
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App that provides usage-based auto insurance platform for individuals
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Telematics-based data & monitoring solutions for auto insurers and fleet owners
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App-based auto insurance comparison is offered to individuals.
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Vehicle data is monitored through plugin devices for usage-based insurance.
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Detailed competitors of Clearcover
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Latest news on 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 current CEO of Clearcover. They have also founded this company.
Clearcover is a funded company, having raised a total of $457.2M across 10 funding rounds to date.
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, Sigo Insurance and Cambridge Mobile Telematics.
Clearcover has 11 investors. Key investors include SVB, OMERS Ventures, American Family Ventures, Cox Enterprises, and IA Capital Group.
The valuation of Clearcover is $1B as of Apr 2021.