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