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

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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