How much funding has Root Insurance raised?

Root Insurance has raised $527.5M in total funding, most recently a Series E round.

Who are Root Insurance's investors?

Root Insurance's investors include DST Global, Coatue Management, Tiger Global, Redpoint Ventures, Ribbit Capital, Drive Capital.

When was Root Insurance founded?

Root Insurance was founded in 2015.

Where is Root Insurance headquartered?

Root Insurance is headquartered in Columbus, Ohio, United States.

What industry is Root Insurance in?

Root Insurance operates in Fintech, Insurance, Insurtech.

How many employees does Root Insurance have?

Root Insurance has 501-1000 employees.

Root Insurance

IPO

Car insurance made simple

Public · Columbus, United States · Founded 2015 · $527.5M raised

Fintech

Insurance

Insurtech

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.

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