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5 Disclosed Funding Rounds $527,500,000
0 Participating Investments
Auto Insurance, Property Insurance, Insurance, Automotive, InsurTech
Root Insurance is a property casualty insurtech that offers personalized, affordable coverage in an app.
Columbus,
Ohio,
United States,
North America
(US)
Organizations in Columbus in Auto Insurance,
Organizations in Columbus in Property Insurance,
Organizations in Columbus in Insurance,
Organizations in Columbus in Automotive,
Organizations in Columbus in InsurTech,
Organizations in Ohio in Auto Insurance,
Organizations in Ohio in Property Insurance,
Organizations in Ohio in Insurance,
Organizations in Ohio in Automotive,
Organizations in Ohio in InsurTech,
Organizations in United States in Auto Insurance,
Organizations in United States in Property Insurance,
Organizations in United States in Insurance,
Organizations in United States in Automotive,
Organizations in United States in InsurTech,
Organizations in North America in Auto Insurance,
Organizations in North America in Property Insurance,
Organizations in North America in Insurance,
Organizations in North America in Automotive,
Organizations in North America in InsurTech
Investors in Columbus in Auto Insurance,
Investors in Columbus in Property Insurance,
Investors in Columbus in Insurance,
Investors in Columbus in Automotive,
Investors in Columbus in InsurTech,
Investors in Ohio in Auto Insurance,
Investors in Ohio in Property Insurance,
Investors in Ohio in Insurance,
Investors in Ohio in Automotive,
Investors in Ohio in InsurTech,
Investors in United States in Auto Insurance,
Investors in United States in Property Insurance,
Investors in United States in Insurance,
Investors in United States in Automotive,
Investors in United States in InsurTech,
Investors in North America in Auto Insurance,
Investors in North America in Property Insurance,
Investors in North America in Insurance,
Investors in North America in Automotive,
Investors in North America in InsurTech
Midwestern US (0 Investors) (0 Startups), Great Lakes (0 Investors) (0 Startups)
Founded date 03, 2015
Founders
Alex Timm,
Dan Manges,
Matt Armstead
Operating Status Active
Funding Stage IPO
Last Funding Type Series E
Also known as Root Insurance Company
Company Type For Profit
Contact
Hunter Lookup
Root Insurance is a property-casualty insurtech that offers personalized, affordable coverage in an app. Using technology in smartphones to measure driving behavior such as braking, speed of turns, driving times, and route regularity, Root determines who is a safe driver and who isn't. By only insuring safe drivers, Root can offer more affordable car insurance rates. Root also offers hassle-free and affordable app-based renters insurance, providing coverage that’s easy to understand and is personalized around real consumer needs.
Date | Round | Raised | Lead |
---|---|---|---|
August, 20, 2019 | Series E | $350,000,000 |
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August, 22, 2018 | Series D | $100,000,000 |
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March, 27, 2018 | Series C | $51,000,000 |
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June, 01, 2017 | Series B | $21,500,000 |
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October, 25, 2016 | Series A | $5,000,000 |
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Root Insurance Investors (19)
Investor | Lead? | Round | Participating Raise | Date | Partners | ||
---|---|---|---|---|---|---|---|
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|
DST Global | Yes | Series E | $350,000,000 | August, 20, 2019 | ------- |
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|
Coatue | Yes | Series E | $350,000,000 | August, 20, 2019 | ------- |
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|
Redpoint | No | Series E | $350,000,000 | August, 20, 2019 | ------- |
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|
Ribbit Capital | No | Series E | $350,000,000 | August, 20, 2019 | ------- |
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|
Scale Venture Partners | No | Series E | $350,000,000 | August, 20, 2019 | ------- |
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Drive Capital | No | Series E | $350,000,000 | August, 20, 2019 | ------- |
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Tiger Global Management | No | Series E | $350,000,000 | August, 20, 2019 | ------- |
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Tiger Global Management | Yes | Series D | $100,000,000 | August, 22, 2018 | ------- |
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|
Ribbit Capital | No | Series D | $100,000,000 | August, 22, 2018 | ------- |
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|
Scale Venture Partners | No | Series D | $100,000,000 | August, 22, 2018 | ------- |
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|
Redpoint | No | Series D | $100,000,000 | August, 22, 2018 | ------- |
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|
Ribbit Capital | No | Series C | $51,000,000 | March, 27, 2018 | ------- |
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|
Redpoint | Yes | Series C | $51,000,000 | March, 27, 2018 | ------- |
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|
Scale Venture Partners | No | Series C | $51,000,000 | March, 27, 2018 | ------- |
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|
Silicon Valley Bank | No | Series C | $51,000,000 | March, 27, 2018 | ------- |
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|
Silicon Valley Bank | No | Series B | $21,500,000 | June, 01, 2017 | ------- |
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Drive Capital | No | Series B | $21,500,000 | June, 01, 2017 | ------- |
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|
Ribbit Capital | Yes | Series B | $21,500,000 | June, 01, 2017 | ------- |
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Drive Capital | Yes | Series A | $5,000,000 | October, 25, 2016 | ------- |
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