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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

    Coatue
    Digital Sky Technologies
    Drive Capital
    Scale Venture Partners
    Ribbit Capital
    Redpoint Ventures
    Tiger Global Management
  • Series D

    $100,000,000

    Series D Investors

    Scale Venture Partners
    Redpoint Ventures
    Ribbit Capital
    Tiger Global Management
  • Series C

    $51,000,000

    Series C Investors

    Scale Venture Partners
    Redpoint Ventures
    Ribbit Capital
    Silicon Valley Bank
  • Series B

    $21,500,000

    Series B Investors

    Drive Capital
    Ribbit Capital
    Silicon Valley Bank
  • Post Ipo Debt

    $300,000,000

    Post Ipo Debt Investors

    BlackRock
  • Series A

    $5,000,000

    Series A Investors

    Drive Capital
Funding info provided by Diffbot.