Tune in to the Business Beat, below, to learn more about Clearcover:
“Clearcover is just another signal that by basing yourself in the Midwest, you’re setting yourself up for success.”
– Jeff Sloan
Landau will be back on the Business Beat on Friday, May 7 to discuss another local startup that he believes is one to watch!
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Good morning, Paul!
This morning on the Business Beat, we’re welcoming back Ryan Landau of Purpose Jobs. Ryan runs a newsletter that features among other things, a list of hot startups and tech companies to watch based right here in the Midwest. And today, we’re featuring a company known as Clearcover. They just raised $200 million and are growing rapidly, and many say the company is headed toward an IPO in the near future.
Ryan, tell us about why you’ve selected Clearcover to feature on the Business Beat this morning as a hot tech company to watch.
Yeah, so Clearcover is an amazing company. They’re based in Chicago, they just raised about $200 million, they are an InsureTech company, really just thinking about how can we first reinvent kind of auto insurance and then getting into other products.
They’ve raised a significant amount of money and really, this is just a signal that they will be going public soon, and I think the special thing to watch about them, they started in the Midwest and now they’re expanding in the Midwest, and so one of their recent moves was to open up an office in Detroit. They are hiring over 100 people and really building out a customer support team in Detroit. And this is just another important move as a company builds that they don’t need to be in any other place besides in the Midwest.
Clearcover is just another signal that by basing yourself in the Midwest, you’re setting yourself up for success.
Thanks, Ryan! And you’ll be back again on Friday with us right here on the Business Beat to feature yet another really cool startup based right here in the Midwest as a company to watch.
You can sign up for Ryan’s newsletter by going to purpose.jobs.
I’m Jeff Sloan, founder and CEO of StartupNation.com, and that’s today’s Business Beat on the Great Voice of the Great Lakes, WJR.