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Root Insurance is an insurance technology company offering car insurance that is headquartered in Columbus, Ohio and was founded in 2015 by Alex Timm and Dan Manges.
Introduction to Root Insurance.
On October 25, 2016 Root Insurance completed their series A funding round with $5 million in funding from Drive Capital.
On June 1, 2017 Root Insurance completed their series B funding round with $21.5 million in funding from Ribbit Capital (lead investor), Silicon Valley Bank, and Drive Capital.
On March 27, 2018 Root Insurance completed their series C funding round with $51 million in funding from Redpoint (lead investor), Scale Venture Partners, Ribbit Capital, and Silicon Valley Bank.
On August 22, 2018 Root Insurance completed their series D funding round with $100 million in funding from Tiger Global Management (lead investor), Scale Venture Partners, Ribbit Capital, and Redpoint.
