Clearsurance, a Newburyport, MA-based crowdsourced review, rating and educational platform for the insurance industry, raised $4m in Series A funding.
The round was led by its co-founder, Michael Crowe, and includes Davis Capital Partners, a Sausalito, Calif.-based investment firm with extensive expertise in the insurance sector.
The company intends to use the funds for strategic new hires as well as product-build and marketing efforts.
Founded in 2016 by CEO Crowe and Todd Kozikowski, Clearsurance crowdsourced review, rating and educational platform specifically for insurance to enable consumers to make informed insurance decisions, and to engage insurance carriers to showcase their brand to acquire and retain customers by publishing crowdsourced reviews and ratings.
To date, the website has curated over 50,000 reviews on more than 350 insurance carriers in the home, rental and auto markets.