April 16, 2021

startup

Insurance Startup Clearcover Raises $200M, Creating Unicorn Valued at $1B: Reuters

Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment firm helmed by Los Angeles Dodgers owner Todd Boehly, the digital car-insurance startup will announce on Tuesday.

In a statement seen by Reuters ahead of the announcement, Chicago-based Clearcover did not comment on its valuation, but a person familiar with the deal said the latest round would make it a so-called “unicorn” – implying a valuation of $1 billion or more.

The Series D funding round also includes investments from existing investors, including American Family Ventures, Cox Enterprises and OMERS

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Digital Insurance Startup Clearcover Raises $200M

In a late-stage funding round, digital car insurance firm Clearcover has raised $200 million, Reuters reported.

The round was headed up by Eldridge, the investment firm notable for being run by Los Angeles Dodgers owner Todd Boehly, according to Reuters.

Clearcover, founded in 2016 and based in Chicago, plans to use the funds to hire more employees and invest in new products, Reuters reported. The company has not commented on its valuation.

Reuters reported it had spoken to someone with knowledge of the proceedings, who said the newest round would make Clearcover

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Insurance Startup Hippo to Go Public in $5 Billion SPAC Merger

Home-insurance technology upstart Hippo Enterprises Inc. is teaming with a special-purpose acquisition company to go public, the latest insuretech business to tap equity markets and challenge traditional insurers head-on.

The six-year-old Hippo, based in Palo Alto, Calif., will go public through a merger with

Reinvent Technology Partners Z

RTPZ 2.39%

in a deal that values the firm at $5 billion, the companies said. Reinvent Technology Partners Z had an initial public offering of stock in November.

Reinvent’s co-directors are LinkedIn co-founder

Reid Hoffman

and

Mark Pincus,

founder of mobile-game maker

Zynga Inc.

Hippo’s move will provide funding as it continues

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Managing Start-Up Business Blues


5 min read

Opinions expressed by Entrepreneur contributors are their own.


Entrepreneurship is such a rewarding life adventure and creates such an excitement in the new entrepreneur due to their accomplishment and/or level of success. Entrepreneurs are more than likely individuals with minds that go like a Duracell battery — self-motivated individuals who are goal-oriented and results-driven. However, despite the adrenaline rush, some entrepreneurs have learned that the beginning stage can also be a battleground for ambitious founders.

Many new brand and business builders who are seeking to create a legacy and construct a solid business foundation

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Pioneering in-home and personal care start-up recruiting up to 500 independent care assistants across London

– Elunow, which officially launched in the UK in January, is looking to recruit up to 500 independent care assistants to provide in-home and personal care services through its innovative on-line portal

– The recruitment drive supports the government’s “Care for Others. Make a Difference” campaign, which launched last week

– Qualified care assistants or anyone interested in a career as an independent care assistant are encouraged to visit https://care.elunow.com to find out more

LONDON, Feb. 15, 2021 /PRNewswire/ — As part of its launch in the UK, pioneering in-home and personal care start-up, Elunow, is looking to recruit

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