.
MergerLinks Header Logo

New Deal


Announced

Completed

Eldridge led a $200m Series D funding round in Clearcover.

Financials

Edit Data
Transaction Value£145m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Completed

United States

Private Equity

Private

Full Line Insurance

Minority

Acquisition

Friendly

insurance

Venture Capital

Domestic

Synopsis

Edit

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.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US