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

August 24, 2019
Root Insurance raises a $350,000,000 series E round from Coatue Management.
August 20, 2019
Root Insurance raises a $350,000,000 series E round from Coatue Management, DST, DST Global, Drive Capital, Redpoint Ventures, Ribbit Capital, Scale Venture Partners and Tiger Global Management.
August 2018
Root Insurance raises a $100,000,000 series D round from Redpoint Ventures, Ribbit Capital, Scale Venture Partners and Tiger Global Management.
March 2018
Root Insurance raises a $51,000,000 series C round from Redpoint Ventures, Ribbit Capital, Scale Venture Partners and Silicon Valley Bank.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Root Insurance funding round, August 2019
350,000,000
August 20, 2019
4 Results
Results per page:
Page 1 of 1

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

News

Title
Author
Date
Publisher
Description
USA TODAY
April 8, 2021
USA TODAY
A survey and analysis by Root Insurance claims the increased use of video chat software is making it harder to concentrate behind the wheel.
Natasha Mascarenhas
January 13, 2021
TechCrunch
Car auto-insurance from legacy providers has structural bias built into it. It uses metrics such as credit score, income, marital status and education to figure out insurance rates, which eventually disproportionately hurts low-income individuals through high rates and low protection. Loop, co-founded by John Henry and Carey Anne Nadeau, hopes to launch an alternative model [...]
Root Insurance
December 9, 2020
www.prnewswire.com:443
/PRNewswire/ -- A survey released today by EMC Research and commissioned by Root Insurance, found that nearly six in ten (58 percent) California voters...

References

Golden logo
Text is available under the Creative Commons Attribution-ShareAlike 4.0; additional terms apply. By using this site, you agree to our Terms & Conditions.