Announced
Completed
Financials
Tags
Completed
United States
Private Equity
Private
Full Line Insurance
Minority
Acquisition
Friendly
insurance
Venture Capital
Domestic
Synopsis
Eldridge, a holding company, led a $200m Series D funding round in Clearcover, a digital auto insurer. The round was joined by American Family Ventures, Cox Enterprises, OMERS, as well as several other new investors. “The car insurance experience is becoming increasingly digital and customers want streamlined, customizable options when choosing a carrier. In an industry ripe for transformation, we see ourselves as innovators in digital car insurance experiences while providing our customers more value for less money. This new capital will allow us to continue our growth across the country, providing better insurance to more customers," Kyle Nakatsuji, Clearcover Co-Founder and CEO.
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