Clearcover, a Chicago, IL-based smart car insurance company, raised $50m in Series C funding.
The round, which brought total funding to more than $104m since 2016 founding, was led by Omers Ventures, with participation from previous investors American Family Ventures, Cox Enterprises and IA Capital Group.
In conjunction with the funding, Michael Yang, managing partner at OMERS Ventures, will join Clearcover’s board.
The team will double its current headcount across product, engineering and data science with local and remote options.
Led by Kyle Nakatsuji, Co-Founder and CEO, Clearcover provides a smart car insurance products by leveraging a customer-first, service-focused model powered by advanced technology. | To read full story, visit https://startuparound.com/read/1578268223.24455/Clearcover-Insurance-Secures-$50M-in-Series-C-Funding?ref=audio_experience