Metromile in an insurance technology company offering automobile insurance at a base rate combined with payments for miles driven that is headquartered in San Francisco, California and was founded in 2011 by David Friedberg and Steve Pretre.
On April 30, 2013 Metromile completed their series B funding round with $10 million in funding from New Enterprise Associates, Index Ventures, and Felicis Ventures.
On November 1, 2014 Metromile completed their series C funding round with $38.4 million in funding from Mike Ghaffary.
On September 21, 2016 Metromile completed their series D funding round with $191.5 million in funding from SV Angel, New Enterprise Associates, Mitsui & Co, Intact Financial Corporation, Index Ventures, First Round Capital, and China Pacific Insurance.
On July 24, 2018 Metromile completed their series E funding round with $90 million in funding from Tokio Marine Holdings (lead investor), Intact Financial Corporation (lead investor), Section 32, NEA, Index Ventures, and Future Fund.
Metromile announces the PIPE (private investment in public equity) as part of a deal to go public at a projected $1.3 billion market capitalization.
Documentaries, videos and podcasts
- InsuranceEquitable transfer of the risk of a loss, from one entity to another in exchange for payment
- Insurance technologyAn industry around technology applied to insurance sometimes also referred to as Insurtech or Insuretech, whereby companies sell or distribute insurance or related products (such as data) digitally.
- Cluster: Insurance TechnologyCluster on insurance technology topics.