Insurtech Clearcover raises $200 million to further boost global funding

The US-based auto insurtech's large Series D round is rumored to have pushed its valuation over $1 billion, per its press release.

It'll use the funding to double its overall headcount and expand to 25 states by next year, up from 15 today. Clearcover's app allows drivers to buy and manage their auto insurance policies, and it underwrites its own policies in eight states as of October.