Clearsurance Raises $4M For Crowdsourced Insurance Platform

Clearsurance, the first-of-its-kind crowdsourced review, rating and educational platform exclusively for the insurance industry, raised $4M in a Series A round to assist in the continued development and growth of its services. The website has curated over 50,000 reviews on more than 350 insurance carriers in the home, rental and auto markets.

The round was led by its cofounder, Michael Crowe, and includes Davis Capital Partners, a Sausalito, Calif.-based investment firm with extensive expertise in the insurance sector. Funds will be used for strategic new hires as well as product-build and marketing efforts. Also, in response to this release, Clearsurance added that Michael Crowe is their largest single shareholder.

“I’m leading our Series A round because I believe so strongly in our mission. Consumers now have an unbiased place to turn for information about their insurance options. Our mission is to help people make smarter insurance decisions based on real reviews and ratings from actual policyholders, and our crowdsourced platform allows them to learn from the experiences of others” – cofounder and CEO Michael Crowe.

Clearsurance launched in 2016 with the goal of increasing transparency in the insurance industry and empowering consumers to make educated policy decisions. Designed to curate reviews from engaged consumers at every stage of their relationship with a carrier, Clearsurance’s crowdsourced data is comprehensive, authentic and actionable for insurers seeking to bolster customer relations and extend their brand reach.