Companies · Insurance
CHICAGO · Insurance · refined from filed group “Other Technology” · https://clearcover.com/
Diligence memoA one-page analyst read on Clearcover, Inc. — recommendation, valuation, rhythm, risks.→Clearcover, Inc. has raised $521M over 8 rounds; too few niche peers to rank its valuation yet.
Synthesized from the figures below est. — every claim rests on a number shown on this page.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
No named principal in this company's public records yet — see all operators below.
Explore how these operators interlock with other companies in the operator network.
Clearcover, Inc. is one of 146 Insurance companies tracked from CHICAGO. By capital raised it ranks among the largest (ahead of 97% of sector peers), and among the largest by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%
operates a technology-led product inferred from public copy
Grounded in: “You are a venture analyst”
Clearcover is the smarter auto insurance company that's fast, hassle-free and easy to understand and helps you save money. Get your car insurance quote today!
Clearcover is the smarter auto insurance company that's fast, hassle-free and easy to understand and helps you save money. Get your car insurance quote today! Find the right coverage , file claims instantly, and get help fast—all in one game-changing app. Our tech makes it quick, easy and hassle-free. Not sure which car insurance coverages you need? Answer a few questions and watch the magic happen. Everyone does—it’s the law. Liability insurance protects other people and their property when you cause the damage. It includes Bodily Injury coverage and Property Damage coverage. Need car insurance to drive a car that doesn't belong to you? You need a specialty policy called Non-Owners Insurance. (Unfortunately, we don't sell it.) Good call! It’ll help pay to repair or replace your vehicle in a bunch of unpleasant circumstances, like theft, storm damage, or an at-fault accident. (You’re in good company, too. Most people add this to their policy.) ( Comprehensive/Collision coverage pays to repair or replace your vehicle in a bunch of unpleasant circumstances, like theft, storm damage, or an at-fault accident. Most drivers purchase it.) Consider it for the future, though! It’s a useful
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.
Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 83%.
Round size and date are reported; the stage label is inferred from round size (latest is Series D+ — a $100M–$400M round). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.
Benchmarked against 146 companies in Insurance. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 97% of sector peers (real $). Modeled value above 92% of peers (estimate).
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Seed | $2.5M | 2016-11-04 | $12.5M | $46.5M | 90% |
| Series A | $6.3M | 2017-05-18 | $28.4M | $94.6M | 90% |
| Series B | $30.6M | 2018-12-21 | $170.0M | $508.3M | 90% |
| Series C | $50.0M | 2019-12-20 | $333.3M | $857.3M | 90% |
| Series D+ | $198.9M | 2021-04-06 | $1.7B | $3.1B | 90% |
| Series D+ | $153.0M | 2022-11-10 | $1.3B | $1.9B | 90% |
| Series D+ | $55.0M | 2024-03-28 | $458.3M | $544.7M | 90% |
| Series D+ | $44.0M | 2024-10-25 | $366.7M | $400.0M | 90% |
| Series D+ | $26.2M | 2025-01-15 | $218.3M | $230.4M | 90% |
| Series D+ | $25.0M | 2025-10-17 | $208.3M | $196.6M | 90% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.
| Person | Role | Also runs | Tied since |
|---|---|---|---|
| Atif Spencer Rafiq | — | — | 2022-11 |
| Cynthia Spencer Hardy | — | — | 2022-11 |
| Daniel J Reed | — | — | 2021-04 |
| Daniel Spencer Reed | — | — | 2022-11 |
| Derek Brigham | — | — | 2024-10 |
| Derek J. Brigham | — | — | 2016-11 |
| Derek Joseph Rodemeyer Brigham | — | — | 2024-03 |
| Eugene Spencer Lee | — | — | 2025-10 |
| Jennifer Spencer Crutchfield | — | — | 2025-10 |
| Jennifer Spencer Kemp | — | — | 2025-10 |
| Kyle J. Nakatsuji | — | — | 2016-11 |
| Kyle Joseph Rodemeyer Nakatsuji | — | — | 2024-03 |
| Kyle Nakatsuji | — | — | 2024-10 |
| Michael Spencer McCullar | — | — | 2025-10 |
| Michael Spencer Yang | — | — | 2021-04 |
| Norman J Smagley | — | — | 2021-04 |
| Peter J. Gunder | — | — | 2017-05 |
| Saumil J Mehta | — | — | 2022-11 |
| Saumil Joseph Rodemeyer Mehta | — | — | 2024-03 |
| Saumil Mehta | — | — | 2024-10 |
| Steven Spencer Bensinger | — | — | 2022-11 |
| Todd Spencer Boehly | — | — | 2022-11 |
| Victor J. Pascucci III | — | — | 2018-12 |
| William Spencer Boice | — | — | 2019-12 |
Clearcover, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Gusto, Inc. | Insurance | Series D+ | $756.4M | $1.7B | same sector · same stage |
| Cityblock Health, Inc. | Insurance | Series D+ | $847.8M | $5.4B | same sector · same stage |
| Kin Insurance, Inc. | Insurance | Series D+ | $255.1M | $152.9M | same sector · same stage |
| Vanta Inc. | Insurance | Series D+ | $150.0M | $1.9B | same sector · same stage |
| NFP Ultimate Holdings, LLC | Insurance | Growth/Late | $1.0B | $3.5B | same sector |
| Apollo Infrastructure Co LLC | Insurance | Growth/Late | $1.5B | $4.5M | same sector |
| Apollo Asset Backed Credit Co LLC | Insurance | Growth/Late | $1.6B | $4.3M | same sector |
| Slide Insurance Holdings, Inc. | Insurance | Series C | $100.0M | $1.3B | same sector |
Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| Goodcover Digital Co-op Renters Insurance = half the price, better coverage. | Fintech | — | — | 77% |
| Leaky Online auto and business insurance. (Acquired 2013) | Insurance | — | — | 73% |
| ClearSurance, Inc. | Other | Series A | $36.6M | 73% |
| Jerry Jerry makes it really easy to save time and money on car expenses. | Fintech | — | — | 72% |
| Cover The mobile-first insurance platform that makes insurance easy. | Insurance | — | — | 71% |
| Tint Makes it easy for tech platforms to embed insurance into products | Fintech | — | — | 70% |
| Axle AI-native clearinghouse for insurance | Fintech | — | — | 70% |
| Look After My Bills Personal fintech - we optimise your bills, every year, automatically. | Fintech | — | — | 70% |
See where Clearcover, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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