Root Funding & Investors
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/Total Amount Raised: $827,500,032
Root Funding Rounds
Series E
$350,000,000
Series E Investors
CoatueDigital Sky TechnologiesDrive CapitalScale Venture PartnersRibbit CapitalRedpoint VenturesTiger Global ManagementSeries D
$100,000,000
Series D Investors
Scale Venture PartnersRedpoint VenturesRibbit CapitalTiger Global ManagementSeries C
$51,000,000
Series C Investors
Scale Venture PartnersRedpoint VenturesRibbit CapitalSilicon Valley BankSeries B
$21,500,000
Series B Investors
Drive CapitalRibbit CapitalSilicon Valley BankPost Ipo Debt
$300,000,000
Post Ipo Debt Investors
BlackRockSeries A
$5,000,000
Series A Investors
Drive Capital
Funding info provided by Diffbot.