Root
Columbus, OH
Root Insurance Company provides car insurance to drivers in 31 U.S. states. Root requires drivers to download their mobile app and perform test driving for several weeks while the app monitors the driving behavior in the background. If the driver passes the driving test, they are offered a premium which is based in part on the driving score calculated during the test drive. Root advertises that they only insure good drivers in order to keep premiums lower than other insurance companies.
https://www.joinroot.com/Company Details
Founded
- 2015
Employees
- Between 700 - 5,000 employees
Raised
- $1,027,500,032
Headquarters Location
- Columbus, OH
Public
- Yes
Acquired
- No
Founders
- Matt ArmsteadAlex TimmDan Manges
Company Collections
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Root's Industries
Root's Tech Stack
Root's Investors
Current Job Listings
Root Headquarters Location
Total Amount Raised: $1,027,500,032
Root's Investors
Root Funding Rounds
Post Ipo Debt
$200,000,000
Post Ipo Debt Investors
BlackRockPost Ipo Debt
$300,000,000
Post Ipo Debt Investors
BlackRockIPO
Unknown
Series E
$350,000,000
Series E Investors
CoatueDST GlobalTiger Global ManagementDrive CapitalRibbit CapitalRedpoint VenturesScale Venture PartnersSeries D
$100,000,000
Series D Investors
Tiger Global ManagementRedpoint VenturesRibbit CapitalScale Venture PartnersSeries C
$51,000,000
Series C Investors
Redpoint VenturesScale Venture PartnersRibbit CapitalFirst Citizens BankSeries B
$21,500,000
Series B Investors
Ribbit CapitalDrive CapitalFirst Citizens BankSeries A
$5,000,000
Series A Investors
Drive Capital
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