Root
Latest round
- Series E
Last raised
- Aug 2019
Total raised
- $511M
Investors
- 8
About Root
Root, Inc.Founded in 2015 and headquartered in Columbus, US, Root, Inc.00 mn on October 27, 2020. The company was co-founded by Alex Timm, Dan Manges, Hiroshi Sasaki, Jim Haudan, and Keisuke Kishi, with Timm currently serving as CEO.Root Insurance Company focuses on auto insurance, utilizing a proprietary app that assesses driving habits via smartphones. This technology allows Root to provide personalized insurance quotes based on individual driving behaviors, rather than traditional demographic factors. The target market consists of safe drivers, including individuals with clean driving records, who can benefit from lower premiums.40 mn.Root, Inc.00 mn on October 27, 2020, to enhance its product offerings and expand into new markets.S. to better serve a wider customer base seeking car insurance solutions.
Who invested in Root
8 investors across 3 rounds
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Questions about Root
Who invested in Root?
Root has 8 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Root raised?
Root has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Root last raise money?
Root's most recent round on record is a Series E, in Aug 2019.
What does Root do?
Root is a insurance company.
Where is Root headquartered?
Root is headquartered in Columbus, US.
Which VCs invest in companies like Root?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back insurance companies at Root's stage. Their profiles are linked below.
VCs backing insurance startups at Series E
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