Clearcover raises $25 million in amended securities offering

Chicago-based digital auto insurer Clearcover has filed an amended Form D with the U.S. Securities and Exchange Commission, disclosing the sale of $25 million in equity securities. The filing, dated October 31, 2025, notes that the total offering amount is indefinite, with no broker-dealer or finder fees involved.

Founded in 2016, Clearcover has raised $457.2 million since inception and operates as both an insurer and a managing general agent (MGA). Earlier this year, it launched the Clearcover General Agency to serve the non-standard auto insurance market in Texas, with policies underwritten by Old American County Mutual Fire Insurance Company.

Clearcover reported $63 million in direct written premiums for Q2 2025, an 18% decrease compared to the same period in 2024.