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Root Insurance

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,
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Organizations in Ohio in Property Insurance,
Organizations in Ohio in Insurance,
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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,
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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,
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Investors in Ohio in Property Insurance,
Investors in Ohio in Insurance,
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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,
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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


Facebook Link

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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 DST Global, Coatue
August, 22, 2018 Series D $100,000,000 Tiger Global Management
March, 27, 2018 Series C $51,000,000 Redpoint
June, 01, 2017 Series B $21,500,000 Ribbit Capital
October, 25, 2016 Series A $5,000,000 Drive Capital

Root Insurance Investors (19)

Investor Lead? Round Participating Raise Date Partners
DST Global Yes Series E $350,000,000 August, 20, 2019 -------
Coatue Yes Series E $350,000,000 August, 20, 2019 -------
Redpoint No Series E $350,000,000 August, 20, 2019 -------
Ribbit Capital No Series E $350,000,000 August, 20, 2019 -------
Scale Venture Partners No Series E $350,000,000 August, 20, 2019 -------
Drive Capital No Series E $350,000,000 August, 20, 2019 -------
Tiger Global Management No Series E $350,000,000 August, 20, 2019 -------
Tiger Global Management Yes Series D $100,000,000 August, 22, 2018 -------
Ribbit Capital No Series D $100,000,000 August, 22, 2018 -------
Scale Venture Partners No Series D $100,000,000 August, 22, 2018 -------
Redpoint No Series D $100,000,000 August, 22, 2018 -------
Ribbit Capital No Series C $51,000,000 March, 27, 2018 -------
Redpoint Yes Series C $51,000,000 March, 27, 2018 -------
Scale Venture Partners No Series C $51,000,000 March, 27, 2018 -------
Silicon Valley Bank No Series C $51,000,000 March, 27, 2018 -------
Silicon Valley Bank No Series B $21,500,000 June, 01, 2017 -------
Drive Capital No Series B $21,500,000 June, 01, 2017 -------
Ribbit Capital Yes Series B $21,500,000 June, 01, 2017 -------
Drive Capital Yes Series A $5,000,000 October, 25, 2016 -------