When was Clearcover founded?

Clearcover was founded in 2016 and became a unicorn in 2021.

Where is Clearcover located?

Clearcover is headquartered in Chicago, United States.

Who is the current CEO of Clearcover?

Kyle Nakatsuji of Clearcover. They have also founded 1 company and are an angel investors in 1 startup.

How many employees does Clearcover have?

As of Mar 31, 2026, the latest employee count at Clearcover is 192.

Is Clearcover a funded company?

Clearcover is a funded company, having raised a total of $457M across 10 funding rounds to date. The company's 1st funding round was a $2.5M Seed round, raised on Nov 15, 2016.

How much is Clearcover worth?

The latest valuation of Clearcover is $1B as of Nov 01, 2022.

When was the latest funding round of Clearcover?

Clearcover's latest funding was a $25M Series D round on Oct 17, 2025, with participation from 0 investor. Its primary sector is Auto E-Commerce & Content. In United States, the Auto E-Commerce & Content sector has seen $329M in funding in 2026 to date.

Is Clearcover a Auto E-Commerce & Content company?

The primary sectors of Clearcover are Auto E-Commerce & Content, Internet First Insurance Platforms and Auto Retail & Aftersales.

Where does Clearcover rank among its competitors?

Clearcover ranks 4th amongst 293 active competitors, of which 51 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Clearcover, which secured $25M in Oct, 2025.

Who are the top competitors of Clearcover?

Clearcover's top competitors include Lemonade, Next Insurance and Hagerty. Among them, Clearcover secured the most recent funding round in October, 2025.

Clearcover - 2026 Company Profile, Team, Funding & Competitors

Clearcover is a series D company based in Chicago (United States), founded in 2016 by Kyle Nakatsuji and Derek Brigham. It operates as an Online platform that provides automotive insurance. Clearcover has raised $457M in funding from investors like Lightbank, OMERS and Cox Enterprises, with a current valuation of $1B. The company has 293 active competitors, including 51 funded and 40 that have exited. Its top competitors include companies like Lemonade, Next Insurance and Hagerty.

Sectors and market segments that Clearcover operate in

Clearcover serves in the Auto Tech, FinTech, InsurTech, Auto market segments.The primary business model of Clearcover are:

Company Details

Online platform that provides automotive insurance. It features a Quick View ID card to manage policy information, submit claims, claims to track, change payment methods, make payments, view payment information, and more. It also validates coverages and determines eligibility for expedited payment.

Website: clearcover.com
Social

Key Metrics

Founded Year

2016

Location

Chicago, United States

Stage

Series D

Total Funding

$457M in 10 rounds

Latest Funding Round

Series D, Oct 17, 2025, $25M

Post Money Valuation

$1B as on Nov 01, 2022

Investors

Lightbank & 18 more

Ranked

4^th among 293 active competitors

Employee Count

192 as on Mar 31, 2026

Similar Companies

ACKO & 292 more

View Clearcover's full profile

Clearcover is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
CLEARCOVER, INC. CIN: 6137058 , United States, Active	Aug 28, 2016	-	450 (As on Dec 31, 2021)	-

Clearcover has raised a total funding of $457M over 10 rounds. Its first funding round was on Nov 15, 2016. Clearcover has 19 institutional investors.

Here is the list of recent funding rounds of Clearcover:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 17, 2025	$25M	Series D	-	-	-	-
Jan 15, 2025	$26.2M	Series D	-	-	-	-
Oct 25, 2024	$44M	Series D	-	-	-	-

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View details of Clearcover's funding rounds and investors

The founders of Clearcover are Kyle Nakatsuji and Derek Brigham. Kyle Nakatsuji is the CEO of Clearcover.

Here are the details of Clearcover's key team members:

Kyle Nakatsuji: Co-Founder & CEO of Clearcover. They are also an angel investor in 1 startup and serve on the board of 1 company.
Derek Brigham: Co-Founder & Chief Operating Officer of Clearcover. They serve on the board of 1 company.
Contact Info: 1 email address

Clearcover's Board of Directors

Clearcover's board has 16 active members. Saumil Mehta, Kyle Nakatsuji, Michael Yang, Peter Gunder, Derek Brigham, Atif Rafiq, Victor Pascucci III, Daniel Reed, Cynthia Hardy, Todd Boehly, William Spencer Boice, Steven Bensinger, Kyle J. Nakatsuji, Norman Smagley, Kyle Joseph Rodemeyer Nakatsuji and Kyle J Nakatsuji are independent board members.

Here is the list of Clearcover's board of directors:

Name	Type	Representing	Status	Duration
Saumil Mehta	Independent board member	-	Current	3y 10m
Kyle Nakatsuji	Independent board member	-	Current	1y 10m
Michael Yang	Independent board member	-	Current	5y 5m
Peter Gunder	Independent board member	-	Current	9y 4m
Derek Brigham	Independent board member	-	Current	9y 10m
Atif Rafiq	Independent board member	-	Current	3y 10m
Victor Pascucci III	Independent board member	-	Current	7y 8m
Daniel Reed	Independent board member	-	Current	5y 5m
Cynthia Hardy	Independent board member	-	Current	3y 10m
Todd Boehly	Independent board member	-	Current	3y 10m
William Spencer Boice	Independent board member	-	Current	6y 9m
Steven Bensinger	Independent board member	-	Current	3y 10m
Kyle J. Nakatsuji	Independent board member	-	Current	9y 10m
Norman Smagley	Independent board member	-	Current	5y 5m
Kyle Joseph Rodemeyer Nakatsuji	Independent board member	-	Current	2y 5m
Kyle J Nakatsuji	Independent board member	-	Current	5y 5m

View details of Clearcover's Founder profiles and Board Members

Clearcover's employee count trend

Clearcover has 192 employees as of Mar 26. Here is Clearcover's employee count trend over the years:

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Top competitors of Clearcover include Lemonade, Next Insurance and Hagerty. Here is the list of Top 10 competitors of Clearcover, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Lemonade 2015, New York City (United States), Public	Provider of various insurance policies including car, pet, home, and life	$644M	SoftBank Group, XL Innovate & 52 others	83/100
2nd	Next Insurance 2016, Palo Alto (United States), Acquired	Provider of online small business insurance policies	$1.12B	FinTLV, Battery Ventures & 27 others	79/100
3rd	Hagerty 1983, Traverse City (United States), Public	Automotive insurance solution provider to users	$212M	Markel, FG Ventures & 3 others	74/100
4th	Clearcover 2016, Chicago (United States), Series D	Online platform that provides automotive insurance	$457M	IA Capital Group, SVB & 17 others	71/100
5th	Root 2015, Columbus (United States), Public	Provider of car insurance rates based primarily on driving behavior	$540M	Redpoint Ventures, DST Global & 13 others	71/100
6th	Just 2014, Los Angeles (United States), Series A	Usage-based auto insurance platform for individuals	$15.3M	Western Technology Investment, ManchesterStory Group ... & 2 others	68/100
7th	Metromile 2011, San Francisco (United States), Acquired	App that provides usage-based auto insurance platform for individuals	$295M	Intact Ventures, First Round Capital & 20 others	65/100
8th	Inshur 2016, New York City (United States), Series C	App-based auto insurance platform for individuals	$88.6M	JVP, Viola Group & 7 others	65/100
9th	Zendrive 2013, San Francisco (United States), Acquired	AI-enabled platform offering driver behavior monitoring and analysis solutions	$60M	First Round Capital, XL Innovate & 19 others	64/100
10th	Roadzen 2015, Burlingame (United States), Public	AI-driven auto insurance provider	-	Shah Capital Partners, 13books Capital & 4 others	63/100