Clearcover, founded in 2016 and based in Chicago, Illinois, United States, has raised around $457 million in funding and reached a $1 billion valuation after its $200 million Series D round in 2021 led by Eldridge Industries. Backed by University Growth Fund and Geodesic Capital, Clearcover offers a digital-first auto insurance platform with app-based claims management, quick payments, and transparent policy handling. The company leverages automation and AI to streamline operations across the auto insurance value chain.