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
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Net Profit
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EBITDA
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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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series D — $25.0M
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First Round
First Round
(15 Nov 2016)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2025 | Amount | Series D - Clearcover | Valuation |
investors |
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| Jan, 2025 | Amount | Series D - Clearcover | Valuation |
investors |
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| Oct, 2024 | Amount | Series D - Clearcover | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage technology-driven companies are targeted for venture capital investments.
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Founded Year | Domain | Location | |
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Corporate-backed venture capital firm focused on fintech, Insurtech, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm focused on tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Clearcover
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Clearcover
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Clearcover Comparisons
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. 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 |
Usage-based data monitoring solutions for the auto insurance industry
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| domain | founded_year | HQ Location |
App that provides usage-based auto insurance platform for individuals
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| domain | founded_year | HQ Location |
Telematics-based data & monitoring solutions for auto insurers and fleet owners
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| domain | founded_year | HQ Location |
App-based auto insurance comparison is offered to individuals.
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| domain | founded_year | HQ Location |
Vehicle data is monitored through plugin devices for usage-based insurance.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Clearcover
Frequently Asked Questions about Clearcover
When was Clearcover founded?
Clearcover was founded in 2016.
Where is Clearcover located?
Clearcover is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Clearcover?
Kyle Nakatsuji is the current CEO of Clearcover. They have also founded this company.
Is Clearcover a funded 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 Series D of $44M, raised on Nov 15, 2016.
What does Clearcover do?
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.
Who are the top competitors of Clearcover?
Clearcover's top competitors include Metromile, Sigo Insurance and Cambridge Mobile Telematics.
Who are Clearcover's investors?
Clearcover has 11 investors. Key investors include SVB, OMERS Ventures, American Family Ventures, Cox Enterprises, and IA Capital Group.
What is Clearcover's valuation?
The valuation of Clearcover is $1B as of Apr 2021.
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