Founded Year

2000

Stage

Acquired | Acquired

Total Raised

$5.28M

About Clareto

Clareto is a digital health and insurtech company that seeks to commercialize use cases and pursue market opportunities, with an initial focus on modernizing life insurance underwriting. The company was founded in 2000 and is based in Richmond, VA.On April 12th, 2022, Clareto was acquired by Munich Re. Terms of the transaction were not disclosed.

Clareto Headquarter Location

3005 W. Marshall Street

Richmond, Virginia, 23230,

United States

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Clareto's Products & Differentiation

See Clareto's products and how their products differentiate from alternatives and competitors

  • Core Clareto Service

    Aggregation of electronic health data from various sources

    Differentiation

    leverages connections to more than 20 Health Information Exchanges + 4 EHR vendors 

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    Differentiation

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  • Subscribe to see more

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

Expert Collections containing Clareto

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Clareto is included in 5 Expert Collections, including Insurtech.

I

Insurtech

2,399 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

V

Value-Based Care & Population Health

1,049 items

The VBC & Population Health collection includes companies that enable and deliver care models that address the health needs for defining populations along the continuum of care, including in the community setting, through participation, engagement, and targeted interventions.

F

Fintech

7,431 items

US-based companies

H

Health Plans & Benefits Management

717 items

Companies developing or offering digital platforms and services, including online insurance marketplaces, data analytics for claims adjustment, benefits administration, and payments systems, that help make private health insurance more affordable, navigable, or transparent.

D

Digital Health

13,074 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

Latest Clareto News

Munich Re to buy Clareto

Apr 13, 2022

Reinsurance News Munich Re Life US, part of the global reinsurer, has signalled its intent to buy medical record firm Clareto. The reinsurance giant said it had signed a definitive agreement to acquire the firm, which has partnerships with over 25 health information exchanges and electronic health record software vendors. Munich Re said in a statement that the transaction would allow it to structure electronic health records for life insurance underwriting. The firm also said that it would dedicate its underwriting, medical, and analytical resources to optimise its digitised health information. Marc Costantini, president and CEO of corporate development, strategy, and digital solutions for Munich Re North America Life & Health spoke in a statement about the deal. He said: “With this acquisition, Munich Re will provide our life insurer clients with an entire set of new solutions to assist them in digitizing their underwriting processes – driving quicker decisions, delivering greater customer satisfaction and enabling new business growth. We look forward to leveraging our relationship with Clareto to deliver analytical insights from EHRs to enable and enhance the risk assessment processes of our life insurer clients.” Clareto will continue to be led by CEO Dave Dorans and COO Steve Leighty. There are no changes expected to Clareto’s operating model, personnel, service model or standards.

Clareto Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
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Clareto Rank

  • When was Clareto founded?

    Clareto was founded in 2000.

  • Where is Clareto's headquarters?

    Clareto's headquarters is located at 3005 W. Marshall Street, Richmond.

  • What is Clareto's latest funding round?

    Clareto's latest funding round is Acquired.

  • How much did Clareto raise?

    Clareto raised a total of $5.28M.

  • Who are the investors of Clareto?

    Investors of Clareto include Munich Re, Paycheck Protection Program, NRV and Health Catalyst Capital Management.

  • Who are Clareto's competitors?

    Competitors of Clareto include Redox and 3 more.

  • What products does Clareto offer?

    Clareto's products include Core Clareto Service and 2 more.

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