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Root Insurance

Root Insurance

Root Insurance is an insurance technology company offering car insurance founded in 2015.

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.



Funding

Series A

On October 25, 2016 Root Insurance completed their series A funding round with $5 million in funding from Drive Capital. 

Series B

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. 

Series C

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. 

Series D

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. 

Timeline

People

Name
Role
LinkedIn

Alex Timm

Co-Founder



Dan Manges

Co-Founder



Further reading

Title
Author
Link
Type
Date

Root Insurance Raises $100 Million in Series D Funding, Led by Tiger Global Management

BusinessWire

Web

August 22, 2018

Root Insurance wants to do to auto coverage what Amazon has done to retail

Mark Williams

Web

May 26, 2018

Startup Columbus insurer Root now worth $1 billion

Mark Williams

Web

August 22, 2018

Documentaries, videos and podcasts

Title
Date
Link

Root Insurance -- Why car insurance is so expensive

October 5, 2018

Root Insurance Tech Overview: Data Science and Telematics

May 9, 2018

Companies

Company
CEO
Location
Products/Services









References