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CHICAGO, Jan. 03, 2020 (GLOBE NEWSWIRE) -- Clearcover, the smarter car allowance choice, today appear that it has bankrupt $50 actor in Series C funding, led by OMERS Ventures. This annular follows the company’s $43 actor Series B, which bankrupt in January 2019, and brings Clearcover’s absolute allotment to added than $104 actor back its 2016 founding. Previous investors American Family Ventures, Cox Enterprises and IA Basic Group additionally alternate in the round. Michael Yang, managing accomplice at OMERS Ventures, will accompany Clearcover’s board.
Clearcover will use the allotment to abide architecture the technology powering its industry-leading amount ability and chump experiences. In addition, the new basic will acquiesce Clearcover to advance advance by continuing its amplification in absolute markets and barrage in new states throughout the U.S., and amalgam added administration channels in the automotive and banking casework space. The aggregation will bifold its accepted headcount beyond product, engineering and abstracts science with bounded and alien options.
“The bazaar is demography apprehension of how Clearcover is redesigning the archetypal of alive an allowance aggregation in added account of customers. OMERS Ventures brings a abundance of assets and acquaintance to abutment ascent our business, authoritative them the ideal accomplice as we booty on the abutting date of growth,” said Kyle Nakatsuji, Co-Founder and CEO of Clearcover. “This advance enables us to abide carrying bigger advantage – for up to 230 actor accountant US drivers – for beneath money."
“We are aflame to abutment Clearcover’s mission to agitate the approaching of auto insurance,” said Michael Yang, managing accomplice at OMERS Ventures. “Clearcover’s business action and technology foundation for comestible a abiding aggressive advantage, accumulated with its eyes for the avant-garde chump experience, is abundantly compelling. We accept in Kyle Nakatsuji and the absolute Clearcover aggregation to accommodate the allowance industry and bear cogent amount for their customers.”
In 2019, Clearcover tripled action sales year over year while quadrupling premium. Currently accessible in Arizona, California, Illinois, Ohio and Utah, Clearcover is on a adventure to become a full-stack carrier in all 50 states and aggrandize its affiliation brand to accomplish allowance added acceptable back a chump needs it.
To get a adduce with Clearcover, visit: https://cc.insure/36bSbOK
To see accessible jobs at Clearcover, visit: https://cc.insure/39th6PC
About ClearcoverClearcover is the smarter car allowance choice, alms bigger advantage for beneath money. Clearcover’s customer-first, service-focused archetypal powered by avant-garde technology delivers a convenient, reliable and affordable experience. Built for today’s driver, Clearcover takes the assumption out of car insurance, authoritative it accessible to save money and get insured in minutes. Learn added at https://clearcover.com/ and accumulate in blow at @clearcover or https://www.facebook.com/Clearcoverinc/.
About OMERSOMERS is one of Canada's better authentic account alimony plans, with $97 billion in net assets as of December 31, 2018. With advisers in our offices in Toronto, London, New York, Amsterdam, Luxembourg, Singapore, Sydney and added above cities beyond North America and Europe, OMERS invests and administers pensions for added than bisected a actor active, deferred and retired advisers of 1,000 municipalities, academy boards, libraries, badge and blaze departments, and added bounded agencies in communities beyond Ontario.
OMERS Ventures currently manages $1 billion and has fabricated added than 45 investments in confusing technology companies beyond North America and Europe. www.omersventures.com.
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