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.
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
Root Insurance raises a $350,000,000 series E round from DST Global, Redpoint Ventures, Ribbit Capital, Coatue Management, Tiger Global Management, Drive Capital, Scale Venture Partners and DST.
Root Insurance raises a $100,000,000 series D round from Ribbit Capital, Tiger Global Management, Scale Venture Partners and Redpoint Ventures.
Root Insurance raises a $51,000,000 series C round from Silicon Valley Bank, Ribbit Capital, Scale Venture Partners and Redpoint Ventures.
Funding rounds
People
Alex Timm
Co-Founder
Dan Manges
Co-Founder
Further reading
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
Root Insurance -- Why car insurance is so expensive
October 5, 2018
Root Insurance Tech Overview: Data Science and Telematics
May 9, 2018
