Founded Year



Series D | Alive

Total Raised




Last Raised

$200M | 1 yr ago

About Clearcover

Clearcover offers an app that provides fast claims, easy payments, and a secure digital card. The company's API-first approach enables customers to have insurance at affordable rates.

Clearcover Headquarters Location

33 West Monroe Street Suite 1750

Chicago, Illinois, 60603,

United States


Clearcover's Product Videos


ESPs containing Clearcover

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

Financial Services / Payments Tech

Payment APIs & infrastructure companies enable businesses to seamlessly manage payments. APIs provide direct connections to payments infrastructure to power faster, more secure, and lower-cost transaction processing.

Clearcover named as Challenger among 14 other companies, including Stripe, GoCardless, and Unqork.

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Clearcover's Products & Differentiation

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

  • Clear Claims

    offers drivers instant auto insurance claims processing and payment issuance for eligible claims faster than any other carrier


    Holds the industry record for fastest claim -- 7 minutes 

Expert Collections containing Clearcover

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

Clearcover is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.


Unicorns- Billion Dollar Startups

1,180 items



3,311 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



7,442 items

US-based companies

Latest Clearcover News

How 5 Chicago Companies are Developing People-First Strategies for a...

May 31, 2022

Hybrid work is on the rise, and it’s what employees want. These five Chicago companies are rewriting the playbook on the future of work. Written by Cathleen Draper May 31, 2022Updated: May 31, 2022 If employers peer into a crystal ball to see the future of work, there’s not a cloud in sight. That’s because what employees want is perfectly straightforward. Employees want to work wherever and whenever they feel the most productive and engaged. Work must offer flexibility, autonomy and a strong work-life balance. That’s according to Gallup, which recently found that 38 percent of fully remote workers prefer a hybrid structure and 60 percent of remote-capable employees want a hybrid environment. And of all the remote-capable workers out there, just nine percent wish to go back to the office. Local companies like Clearcover , Kalderos , MVMNT ,  PatientIQ  and QuantumBlack  are listening. And they’re developing holistic hybrid work policies that give employees the balance they desire. As pandemic restrictions fade, flexibility isn’t the only name of the game. That means employers need to consider how to engage and support employees, whether remote or in-person, through team building, benefits that reflect their work environment, supportive management and a strong company culture. Companies that go hybrid combine the flexibility and autonomy of working from home with in-office experiences that allow collaboration and connection. The hybrid model further cultivates a high level of trust and a sense of ownership. Five Chicago tech leaders aren’t relying on predictions to rewrite the playbook on work. Instead, they’re leaning on human-centered design, employee feedback and trust to bring snippets of the past into the future. Clearcover is a digital car insurance provider. How would you describe your current work model? At Clearcover Insurance Company, we recently created a remote-first policy, which demonstrates our commitment to the future of work. Clearcover is dedicated to creating a people-first culture with a remote-first work model. As we experience one of the largest workplace revolutions in recent history, today’s workers are interested in having more freedom to work how and when they feel most productive. Prior to March 2020, 20 percent of our workforce was remote. Today, our workforce has grown to more than 500 employees, with more than 65 percent working remotely. Our remote-first mentality takes a holistic view of our policies and processes. We developed and deployed protocols so everyone has equal access to company information. All channels of communication are open and flexible, whether our employees are sitting at a workstation at our Chicago headquarters, in their home offices across the country or in a local coffee shop. How often are employees expected to come into the office, and why does this schedule work for Clearcover? As a technology-driven company, our company culture is rooted in our digital-first workforce. In order to feel connected, engaged and supported, we have committed to using the most effective communication and collaboration tools — like monthly virtual all-hands meetings — which bring our organization together for updates, wins and fun. We encourage virtual meetups, happy hours and team-building activities, and we have a variety of communication channels. Slack helps us communicate efficiently and to socially connect with co-workers on special interests. We have a channel called “Praise” where employees recognize their co-workers’ achievements and hard work. Our people-first mentality encourages us to listen to how our teams are feeling in regard to both their mental health and overall satisfaction with our company culture. Employee engagement surveys provide feedback about overall happiness. We ask, listen and are laser-focused on maintaining a positive workplace culture. Clearcover won a 2021 Comparably Award for “Best Company Happiness” and has been named a 2021 and 2022 Built In Chicago “Best Place to Work.” Today’s workers are interested in having more freedom to work how and when they feel most productive.”   What are the key cultural or organizational ingredients that make your hybrid model work? We believe in trust. It’s core to the DNA of our brand. We prioritize customer confidence as it relates to our pricing, products and services, and we operate from a place of transparency as it relates to our employees, as well. It’s important to keep employees engaged and excited about their roles; creating a culture of trust is essential to maintaining a productive remote-first work environment. To support our remote employees, we offer a variety of benefits. Each month, employees receive a $45 snack credit at SnackMagic, which allows them to order healthy snacks online and have them delivered right to their front doors. Additionally, each remote employee receives a $250 stipend to upgrade their personal home office space. For those who prefer an office environment, we welcome local employees to return to the Chicago headquarters. Just like any playbook, ours will change over time. Its dynamic nature will evolve; we’re agile and flexible. Listening to our employees and operating from a people-first perspective makes working in a remote-first environment second nature. How would you describe your current work model? Our work model is based on a “choose your own adventure” mentality, with the understanding that we’ll all be prepared to gather together when it makes sense for the organization and each team member’s personal situation. We’re piloting “Kalderos Working Modes.” Jessica Bogart Kasper, our director of organization and culture design, leads this project. Jessica has a background in human-centered design, which uses a research-based methodology to create solutions that reflect an understanding of who and what we’re designing for. She’s applied those principles to research, prototype, test and develop this approach. Kalderos Working Modes give every employee the opportunity to choose their “mode” — fully remote, a few days a month in the office or a few days a week in the office. Then we design a package of perks to support that choice. Those who want to come into the office more often get an assigned desk and a commuter reimbursement. Those who choose to be fully remote get a monthly reimbursement to set up their home office according to their preferences. So far, the feedback has been overwhelmingly positive. How often are employees expected to come into the office, and why does this schedule work for Kalderos? We believe our team members will know when it’s the right time to get together. Some projects just go better when we gather together to knock out some details and have some fun, but we know that the work can go on even if everyone is not physically present. Over the last two years, we have all learned how to engage the virtual team. What that usually looks like is everyone participating in the same virtual meeting, whether they’re in the room or not. It works! Expectations about workplace presence are a thing of the past. We believe it should be what is best for your work style. We trust our team members to make the best decisions that balance personal needs with the needs of the company. We learned that we could run our company throughout the height of the pandemic without ever being together. We also believe people actually want to get together every now and then. We empower our team members to make the decisions about when those in-person gatherings occur. When they happen, they’re viewed as a perk, not as a requirement. We trust our team members to make decisions that balance personal needs with the needs of the company.”   What are the key cultural and organizational ingredients that make your hybrid model work? First, humility. We are not yet sure that this hybrid work model will be successful over the long term. We are trying to do the very best we can for our team members and our company at the same time. To do that, we’re applying principles from human-centered design, which involves a lot of listening, testing and iterating. Humility means continually being willing to evolve our approach based on what our teams are telling us about what works best for them. Second, trust. We trust our team members to make good decisions about virtual versus physical presence. We treat them like the fellow owners in the company that they are, and do all we can to support them wherever they might be working. In turn, we ask them to be fully present, wherever they might be. Finally, pragmatic realism. Keep it simple. Acknowledge reality. Assume positive intent in others. People will want to be a part of a team that works like this, and they will want the team to be successful. This is the bet that we’re making as we emerge from the pandemic.

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Clearcover Rank

  • When was Clearcover founded?

    Clearcover was founded in 2016.

  • Where is Clearcover's headquarters?

    Clearcover's headquarters is located at 33 West Monroe Street, Chicago.

  • What is Clearcover's latest funding round?

    Clearcover's latest funding round is Series D.

  • How much did Clearcover raise?

    Clearcover raised a total of $307M.

  • Who are the investors of Clearcover?

    Investors of Clearcover include American Family Ventures, Cox Enterprises, OMERS Ventures, Eldridge, IA Capital Group and 7 more.

  • Who are Clearcover's competitors?

    Competitors of Clearcover include Xendit, Interswitch, Dock, PayMongo, Flutterwave, Payhawk, GoCardless, ChargeBee Technologies,, Juspay and 14 more.

  • What products does Clearcover offer?

    Clearcover's products include Clear Claims.

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