Root Insurance is the nation's first licensed insurance carrier powered entirely by mobile and founded on the principle of fundamental fairness. Root offers personalized car insurance that gives good drivers the rates they deserve, managed seamlessly through a mobile app. Root uses smartphone technology and data science to understand actual driving behavior, the primary factor in determining personal automobile insurance rates.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 03/27/18 | $51,000,000 | Series C |
Redpoint Ventures Ribbit Capital Scale Venture Partners Silicon Valley Bank | undisclosed |
| 08/22/18 | $100,000,000 | Series D |
Redpoint Ventures Ribbit Capital Scale Venture Partners Tiger Global Management | $1,000,000,000 |
| 09/09/19 | $350,000,000 | Series E |
Coatue Management Drive Capital DST Global Redpoint Ventures Ribbit Capital Scale Venture Partners Tiger Global Management | undisclosed |
