Root Insurance

company

About

Root Insurance is a property casualty insurtech that offers personalized, affordable coverage in an app.

Details

Last Funding Type
Post-IPO Debt
Last Funding Money Raised
$300M
Industries
Auto Insurance,Automotive,Insurance,InsurTech,Property Insurance
Founded date
Mar 1, 2015
Number Of Employee
501 - 1000
Operating Status
Active
Stock Symbol
nasdaq:ROOT
Legal Name
Root Insurance Co
Also Known As
Root Insurance Company

Root Insurance is a property-casualty insurtech that offers personalized, affordable coverage in an app. Using technology in smartphones to measure driving behavior such as braking, speed of turns, driving times, and route regularity, Root determines who is a safe driver and who isn't. By only insuring safe drivers, Root can offer more affordable car insurance rates. Root also offers hassle-free and affordable app-based renters insurance, providing coverage that’s easy to understand and is personalized around real consumer needs.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
7
$1.55B
Root Insurance has raised a total of $1.55B in funding over 2 rounds. Their latest funding was raised on Jan 26, 2022 from a Post-IPO Debt round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 26, 2022 Post-IPO Debt $300M 1 BlackRock Detail
Oct 28, 2020 IPO $724.41M Detail
Aug 20, 2019 Series E $350M 7 Coatue
DST Global
Detail
Aug 22, 2018 Series D $100M 4 Tiger Global Management Detail
Mar 27, 2018 Series C $51M 4 Redpoint Detail

Investments

Number of Investments
Number of Lead Investments
2
0
Root Insurance has made 2 investments. Their most recent investment was on Dec 1, 2021, when Empora Title raised $22.08M.
Date Company Name
Round Money Raised Industry Lead Investor
Dec 1, 2021 Empora Title
Series A $22.08M
Dec 1, 2020 Empora Title
Seed $4.60M

Investors

Number of Lead Investors
Number of Investors
7
9
Root Insurance is funded by 9 investors. BlackRock and Coatue are the most recent investors.
Investor Name Lead Investor Funding Round
BlackRock Yes Post-IPO Debt
Coatue Yes Series E
DST Global Yes Series E
Drive Capital Series E
Redpoint Series E
Ribbit Capital Series E
Scale Venture Partners Series E
Tiger Global Management Series E
Silicon Valley Bank Series C

Employee Profiles

Number of Employee Profiles
21
Root Insurance has 21 current employee profiles, including Executive Daniel Rosenthal
Executive
Board member
Executive
Employee
Executive