Clearsurance, a Newburyport, MA-based crowdsourced insurance industry review and rating platform, has launched with $2m seed funding.
The round was raised in August 2016.
The company is using the proceeds to launch and continue to develop the platform as well as to expand operations.
Co-founded by Michael Crowe, CEO, and Todd Kozikowski, President, Clearsurance provides an independent source for consumers to share their insurance experiences, learn from others, and compare options in order to make informed and insightful decisions. Launching with nearly 10,000 reviews of more than 210 insurance companies, Clearsurance will initially focus on personal lines of insurance, including homeowner, renter, and auto insurance. In the near future, the company plans to add Medicare supplemental and employee benefits reviews and rankings. It has also begun collecting reviews of insurance agencies and brokers to publish in its next release in early 2017.
Licensed insurance companies can directly communicate and answer consumers’ policy questions, address issues, and provide relevant information.