American Family and Cox Enterprises have helped the digital insurance provider reach a unicorn valuation and take its overall funding to $329m.
US-based digital car insurance provider Clearcover completed a $200m series D round yesterday that included automotive services group Cox Enterprises and American Family Ventures, the corporate venturing arm of insurer American Family.
Investment firm Eldridge led the round, which also featured Canadian pension fund Omers’ venture capital unit, Omers Ventures, and undisclosed additional investors. It valued the company at $1bn at least, a person familiar with the deal told Reuters.
Founded in 2016, Clearcover operates an online platform that lets…
