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towards saving customers money on their car insurance . This obsession with pricing can result in 20-40 % savings compared to other providers , which works out to between US $ 1,000 and US $ 1,500 a year per policy .
A law school misfit Nakatsuji was born in Milwaukee , Wisconsin and raised in the Midwest . After studying for an undergraduate degree in political science , he obtained a law degree and an MBA from the University of Wisconsin-Madison . But Nakatsuji admits that he was an absentee student ; he preferred to spend time on the football field or out in the community gaining hands-on experience with startups than in the lecture hall .
The plan wasn ’ t always to study for an MBA . He went to law school not knowing what it took to be an attorney , and a few weeks into the course he suspected he may have made a mistake . Nakatsuji relentlessly asked the business school across the road from the university ’ s
US $ 300mn in funding raised to date
7 minutes
Clearcover ’ s current payment record
$ 1,200 the amount Clearcover says its customers save on their car insurance
2016 year founded
400 + number of employees
US $ 1bn latest valuation
“ I was the worst attorney ”
law school to let him study for an MBA at the same time – and eventually they relented .
After graduating , Nakatsuji originally worked as a corporate attorney , which only confirmed his earlier suspicions that he didn ’ t have an affinity for law . “ I was the worst attorney ,” Nakatsuji recalls . He turned to the world of venture capital instead , co-founding American Family Ventures – the direct investing arm of American Family
Insurance – where he spent four years investing in insurtech startups .
A unicorn from scratch Eventually , the same calling that prompted him to skip class – that feverish curiosity for tech startups and entrepreneurialism – caused him to make his next move . Clearcover began in 2016 when Nakatsuji imposed himself upon his co-founder , who was working
18 November 2022