Diligence memo · auto-generated · as of July 2, 2026
Clearcover, Inc.
Clearcover, Inc. has raised $521M over 8 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Clearcover, Inc. operates in Insurance, 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!
Sub-sector tags: insurance.
Capital & rounds (filed)filed
Clearcover, Inc. has raised $521M in disclosed capital across 8 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $199M on 2021-04-06.
Most recent recorded round closed around 2025-10-17.
Valuation (modeled)modeled
Provath models Clearcover, Inc. at approximately $197M (range $142M–$236M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 12 months.
Last raise 8 mo ago; this sector typically re-raises about every 12 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 1.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 97% of Insurance peers (146 compared).
Modeled value ranks above 92% of those peers.
Peoplefiled
24 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.