Companies · Insurance

Clearcover, Inc.

CHICAGO · Insurance · refined from filed group “Other Technology · https://clearcover.com/

Diligence memoA one-page analyst read on Clearcover, Inc. — recommendation, valuation, rhythm, risks.
$521.2M
Total raised · real
8
Rounds
1.0×
Latest step-up
Top 4%
Sector rank · raised
Series D+
Latest stage · inferred · Fri Oct 17 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

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.

Active
  • Last raise 8 mo ago; this sector typically re-raises about every 12 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

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.

Where it sits in Insurance

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

insurance
Find Clearcover, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
3
Investors (latest)
2025-10-17
First sale
Amount raised vs valuation, by round

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.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BSeed · 2016-11-04 Raised $2.5M (real) Modeled valuation $46M (est)Seed2016Series A · 2017-05-18 Raised $6.3M (real) Modeled valuation $95M (est)Series A2017Series B · 2018-12-21 Raised $31M (real) Modeled valuation $508M (est)Series B2018Series C · 2019-12-20 Raised $50M (real) Modeled valuation $857M (est)Series C2019Series D+ · 2021-04-06 Raised $199M (real) Modeled valuation $3.1B (est)Series D+2021Series D+ · 2022-11-10 Raised $153M (real) Modeled valuation $1.9B (est)Series D+2022Series D+ · 2024-03-28 Raised $55M (real) Modeled valuation $545M (est)Series D+2024Series D+ · 2024-10-25 Raised $44M (real) Modeled valuation $400M (est)Series D+2024Series D+ · 2025-01-15 Raised $26M (real) Modeled valuation $230M (est)Series D+2025Series D+ · 2025-10-17 Raised $25M (real) Modeled valuation $197M (est)Series D+2025+$6.3M+$31M+$50M+$199M+$153M+$55M+$44M+$26M+$25MCumulative $591M

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.

Financing ladder & sequence gaps
Seed$2.5M · 2016
Series A$6.3M · 2017
Series B$30.6M · 2018
Series C$50.0M · 2019
Series D+$198.9M · 2021
Series D+ extension$153.0M · 2022
Series D+ extension$55.0M · 2024
Series D+ extension$44.0M · 2024
Series D+ extension$26.2M · 2025
Series D+ extension$25.0M · 2025

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%.

Modeled valuation trajectory
$196.6M
Base estimate est.
$141.7M
Conservative case
$235.5M
Upside case
$208.3M
Modeled post-money

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.

Seed · modeled $46.5M · 2016-11-042016Series A · modeled $94.6M · 2017-05-18Series B · modeled $508.3M · 2018-12-21Series C · modeled $857.3M · 2019-12-20Series D+ · modeled $3.1B · 2021-04-06Series D+ · modeled $1.9B · 2022-11-10Series D+ · modeled $544.7M · 2024-03-28Series D+ · modeled $400.0M · 2024-10-25Series D+ · modeled $230.4M · 2025-01-15Series D+ · modeled $196.6M · 2025-10-172025
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
85%
Survival probability
68% low · 94% high
1.16×/yr
Annual markup
1.30×/yr upside case
0.7 yr
Elapsed time used
0.7 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
12 mo
Avg between rounds
$58.2M/yr
Capital velocity
9.7 yr
On record since
2016
First round
10
Rounds on file
How it compares to the market

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.

Total raised — vs sector median (real $, all stages) 60× above median
This company$521.2M
Sector median$8.7M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.2× of median
This company$25.0M
Sector median$150.0M
Modeled value — vs sector median (estimate, all stages) 4.2× above median
This company$196.6M
Sector median$47.3M

Raised more than 97% of sector peers (real $). Modeled value above 92% of peers (estimate).

Full financing history

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.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$2.5M2016-11-04$12.5M$46.5M90%
Series A$6.3M2017-05-18$28.4M$94.6M90%
Series B$30.6M2018-12-21$170.0M$508.3M90%
Series C$50.0M2019-12-20$333.3M$857.3M90%
Series D+$198.9M2021-04-06$1.7B$3.1B90%
Series D+$153.0M2022-11-10$1.3B$1.9B90%
Series D+$55.0M2024-03-28$458.3M$544.7M90%
Series D+$44.0M2024-10-25$366.7M$400.0M90%
Series D+$26.2M2025-01-15$218.3M$230.4M90%
Series D+$25.0M2025-10-17$208.3M$196.6M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$2.5M2016-11-04
    • First recorded raise — entered as Seed.
    • 1 investor on this round.
  2. Series A$6.3M2017-05-18
    • Came back fast: 6 mo vs the ~12 mo sector norm.
    • Round 2.5× larger than the prior — scaling up.
    • 2 investors on this round.
  3. Series B$30.6M2018-12-21
    • Raised again after 19 mo — slower than the ~12 mo sector norm.
    • Round 4.9× larger than the prior — scaling up.
    • 9 investors on this round.
  4. Series C$50.0M2019-12-20
    • Raised 12 mo later, in step with the ~12 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 4 investors on this round.
  5. Series D+$198.9M2021-04-06
    • Raised 16 mo later, in step with the ~12 mo sector norm.
    • Round 4.0× larger than the prior — scaling up.
    • 23 investors on this round.
  6. Series D+$153.0M2022-11-10
    • Raised again after 19 mo — slower than the ~12 mo sector norm.
    • Round 1.3× smaller than the prior — bridge or down round.
    • 7 investors on this round.
  7. Series D+$55.0M2024-03-28
    • Raised 17 mo later, in step with the ~12 mo sector norm.
    • Round 2.8× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  8. Series D+$44.0M2024-10-25
    • Came back fast: 7 mo vs the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
  9. Series D+$26.2M2025-01-15
    • Came back fast: 3 mo vs the ~12 mo sector norm.
    • Round 1.7× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  10. Series D+$25.0M2025-10-17
    • Raised 9 mo later, in step with the ~12 mo sector norm.
    • Round roughly the size of the prior one.
    • 3 investors on this round.
Intelligence
2026 ~Q4
Modeled next raise · ~12mo cadence
$25.0M
Modeled next size est.range $25.0M$40.0M
1.0×
Last step-up
$58.2M/yr
Capital velocity

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.

Key people & operators

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.

PersonRoleAlso runsTied since
Atif Spencer Rafiq2022-11
Cynthia Spencer Hardy2022-11
Daniel J Reed2021-04
Daniel Spencer Reed2022-11
Derek Brigham2024-10
Derek J. Brigham2016-11
Derek Joseph Rodemeyer Brigham2024-03
Eugene Spencer Lee2025-10
Jennifer Spencer Crutchfield2025-10
Jennifer Spencer Kemp2025-10
Kyle J. Nakatsuji2016-11
Kyle Joseph Rodemeyer Nakatsuji2024-03
Kyle Nakatsuji2024-10
Michael Spencer McCullar2025-10
Michael Spencer Yang2021-04
Norman J Smagley2021-04
Peter J. Gunder2017-05
Saumil J Mehta2022-11
Saumil Joseph Rodemeyer Mehta2024-03
Saumil Mehta2024-10
Steven Spencer Bensinger2022-11
Todd Spencer Boehly2022-11
Victor J. Pascucci III2018-12
William Spencer Boice2019-12
Registry & provenance

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.

United States
Country of record
US
Jurisdiction
1690073
SEC CIK
Similar companies

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.

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Vanta Inc.InsuranceSeries D+$150.0M$1.9Bsame sector · same stage
NFP Ultimate Holdings, LLCInsuranceGrowth/Late$1.0B$3.5Bsame sector
Apollo Infrastructure Co LLCInsuranceGrowth/Late$1.5B$4.5Msame sector
Apollo Asset Backed Credit Co LLCInsuranceGrowth/Late$1.6B$4.3Msame sector
Slide Insurance Holdings, Inc.InsuranceSeries C$100.0M$1.3Bsame sector
Semantically similar

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.

CompanySectorStageValue · estMatch
Goodcover
Digital Co-op Renters Insurance = half the price, better coverage.
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Leaky
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Insurance73%
ClearSurance, Inc.OtherSeries A$36.6M73%
Jerry
Jerry makes it really easy to save time and money on car expenses.
Fintech72%
Cover
The mobile-first insurance platform that makes insurance easy.
Insurance71%
Tint
Makes it easy for tech platforms to embed insurance into products
Fintech70%
Axle
AI-native clearinghouse for insurance
Fintech70%
Look After My Bills
Personal fintech - we optimise your bills, every year, automatically.
Fintech70%
Frequently asked
How much funding has Clearcover, Inc. raised?
Clearcover, Inc. has raised approximately $521.2M in disclosed capital across 8 recorded financing rounds, aggregated from public filings.
What is Clearcover, Inc.'s estimated valuation?
Provath's modeled valuation for Clearcover, Inc. is approximately $196.6M (modeled range $141.7M–$235.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Clearcover, Inc. at?
Clearcover, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Fri Oct 17.
What does Clearcover, Inc. do and where is it based?
Clearcover, Inc. operates in the Insurance sector, based in CHICAGO. 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!
Explore related

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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