- Headquarters
- Columbus, Ohio
- Employees
- 501–1000
- Founded
- 2015
- Business Model
- B2C
- Website
- joinroot.com
- Total Funding
- $527.5M
- Last Round
- $350.0M Series ESep 2019
- Rounds
- 6
- Type
- Public
About
Root Insurance is a mobile-first auto insurer that uses telematics and machine learning to price coverage primarily based on actual driving behavior rather than demographics. The company has collected over 20 billion miles of driving data, enabling more precise risk assessment and fairer pricing for good drivers. Customers can get a quote in minutes through the Root app, manage their policy entirely on mobile, and file claims digitally — with eligible claims processed rapidly through automated workflows.
Summary
Root Insurance is a Fintech company based in Columbus, United States, founded in 2015. It has raised $527.5M in total across 6 rounds, most recently a $350.0M Series E round in Sep 2019. Investors include DST Global, Coatue Management and Tiger Global.
Tech & App Stack
15 technologies & apps tracked
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Funding History
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Oct 2020
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Series A through IPO — per-round amounts, valuations, and who invested in each round.
Investors
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