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§ Private Profile · New York City, NY, USA
Health insurtech providing modern supplemental health insurance plans for US employers, focused on high deductibles and medical emergencies.
Based in New York City, Clara Insurance is a health insurtech company that provides supplemental health insurance plans designed to cover high deductibles and unexpected medical emergencies. The organization offers customizable policies that deliver quick lump-sum cash payments to employees facing significant out-of-pocket expenses from severe accidents or illnesses. By consolidating coverage, the platform effectively replaces multiple traditional supplemental products with a single comprehensive option for corporate benefits packages. Operating exclusively within the commercial sector, the company distributes its products 100 percent through commercial insurance brokers to reach employers across the United States and boost overall enrollment rates. The firm initially targeted the Texas market for its regional commercial launch after securing an undisclosed amount of seed funding in May 2020 to support its initial market rollout. Clara Insurance was founded in 2019 by Veer Gidwaney.
Clara Insurance has raised $5.5M across 1 funding round.
Clara Insurance has raised $5.5M in total across 1 funding round.
Clara Insurance has raised $5.5M across 1 funding round. Most recently, it raised $5.5M Seed in May 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 21, 2020 | $5.5M Seed | Colin Beirne | Founder Collective, Rgax, SymphonyAI | Announced |
Clara Insurance has raised $5.5M in total across 1 funding round.
Clara Insurance's investors include Colin Beirne, Founder Collective, RGAx, SymphonyAI.