Overview of Transaction

• On April 13, 2021, Clearcover announced it has raised $200 million in its Series D financing round
• The investment was led by Eldridge with participation from existing investors, including American Family Ventures, Cox Enterprises, OMERS, as well as other new investors
• Clearcover has raised $329 million in total funding to date
• Clearcover is the smarter car insurance choice, offering better coverage for less money
• Clearcover’s customer-first, service-focused model powered by advanced technology delivers a convenient, reliable and affordable experience
• Built for today’s driver, Clearcover takes the guesswork out of car insurance, making it easy to save money, get insured, and get serviced on the go
• Since its founding in 2016, Clearcover has expanded to 15 states and has achieved significant momentum

Significance of Transaction

• This recent round of funding positions Clearcover as the company to watch in an industry that continues to experience accelerated digital transformation
• The funding will accelerate innovation of the Company’s digital insurance offerings, by enabling Clearcover to invest in and grow its team of engineers and developers

FT Partners' Role

• FT Partners served as exclusive financial and strategic advisor to Clearcover
• This transaction highlights FT Partners’ deep domain expertise in the InsurTech sector, as well as its successful track record generating highly favorable outcomes for high-growth FinTech companies