# MetroMile

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/metromile

- Industry: Insurance
- Headquarters: San Francisco, US
- Website: www.metromile.com
- Total disclosed funding: $207M
- Latest round: Series E (Jul 24, 2018)
- Investors on record: 12

## About

Founded in 2011 and based in San Francisco, California, MetroMile Inc. operates as a pay-per-mile car insurance solution provider. Metromile has offices in San Francisco, Boston, and Tempe. As of 2021, the company has approximately 259 employees. 

In July 2018, MetroMile, Inc. raised USD 90 million in a Series E funding co-led by Intact Financial Corporation and Tokio Marine Group Holdings, Inc., with participation from Future Fund and Section 32. And in November 2020, MetroMile agreed to merge with INSU Acquisition Corp. II (SPAC) for USD 294 million in cash. Following the merger, MetroMile, Inc. will be a publicly listed company. 

MetroMile offers real-time, personalized auto insurance policies by the mile drove. The company uses the Internet of Things data from vehicles it insures to track speed, gas usage, and travel times. It also offers liability coverage, vehicle coverage, and medical coverage.

## Funding rounds

- Series E, Jul 24, 2018, $90M — Index Ventures, New Enterprise Associates, Future Fund, Tokio Marine Group Holdings, Inc., Intact Financial Corporation, Section 32
- Series D, Sep 13, 2016, $103M — Index Ventures, New Enterprise Associates, First Round Capital, SV Angel, Mitsui & Co.
- Series B, Apr 29, 2013, $10M — Index Ventures, New Enterprise Associates, Allen & Company, First Round Capital, AmTrust Financial Services, Inc., Felicis Ventures
- Series A, Jun 20, 2011, $4.1M — Index Ventures, New Enterprise Associates, First Round Capital, SV Angel
- Seed, Jun 1, 2011 — New Enterprise Associates

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Seed, Series A, Series B, Series D, Series E
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series A, Series B, Series D, Series E
- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Series A, Series B, Series D
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series A, Series D
- Allen & Company — Series B
- AmTrust Financial Services, Inc. — Series B
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Series B
- Mitsui & Co. — Series D
- Future Fund — Series E
- Tokio Marine Group Holdings, Inc. — Series E
- Intact Financial Corporation — Series E
- Section 32 (https://capitalatlas.ai/funds/section-32) — Series E