- Clearcover, a Chicago, IL-based car insurance provider, closed a $200m Series D funding
- The round was led by Eldridge, with participation from existing investors American Family Ventures, Cox Enterprises, Omers Ventures, as well as several other new investors
- The company, which has raised $329m in total funding, intends to use the funds to grow its insurance, product, and engineering teams, and will double its overall headcount by next year
- Led by Kyle Nakatsuji, Co-founder and CEO, Clearcover is a car insurance company offering coverage via aservice-focused model powered by advanced technology
- Its Clear Claims™ provides payment on eligible claims within 30 minutes or less
- The company expanded into several new states and is now available in Arizona, California, Georgia, Illinois, Indiana, Louisiana, Maryland, Missouri, Nebraska, Ohio, Oklahoma, Pennsylvania, Texas, Utah, and Wisconsin
