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Root Insurance

Root Insurance
2015 FOUNDED
PRIVATE STATUS
501-600 EMPLOYEES
Series E LATEST DEAL TYPE
$350M LATEST DEAL AMOUNT
8 INVESTORS
Description

Provider of an online car insurance platform intended to calculate insurance premiums based upon driver behavior. The company's platform uses smartphone technology to understand individual driving behavior such as hard brakes, aggressive turns, and mileage driven and gives good drivers the rates they deserve, enabling drivers to get personalized car insurance at an affordable price.

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Automotive Insurance
Other Industries
Application Software
Primary Office
  • 80 East Rich Street
  • Suite 500
  • Columbus, OH 43215
  • United States

+1 (855) 000-0000
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Root Insurance Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Later Stage VC (Series E) 19-Aug-2019 $350M 00000 00.000 Completed Generating Revenue
4. Later Stage VC (Series D) 22-Aug-2018 00000 00000 000000 Completed Generating Revenue
3. Later Stage VC (Series C1) 27-Mar-2018 0000 000.00 00000 Completed Generating Revenue
2. Early Stage VC (Series B) 01-Jun-2017 $21.5M $26.5M 00000 Completed Startup
1. Early Stage VC 25-Oct-2016 $5M $5M 000.00 Completed Startup
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Root Insurance Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned
Series D 00,000,000 00.000000 00.00 00.00 00 00.00 000
Series C2 0,000,000 00.000000 00.00 00.00 00 00.00 0.00
Series C1 00,000,000 00.000000 00.00 00.00 00 00.00 00.000
Series B 00,000,000 00.000000 00.00 00.00 00 00.00 00.00
Series A-3 00,000,000 00.000000 00.00 00.00 00 00.00 0.000
Series A-2 13,602,870 $0.000100 $0.11 $0.11 1x $0.11 7.03%
Series A-1 15,949,360 $0.000100 $0.03 $0.03 1x $0.03 8.25%
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Root Insurance Competitors (12)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Clearcover Venture Capital-Backed Chicago, IL 00 0000 00000000000 0000
000000000 Venture Capital-Backed San Francisco, CA 000 00000 0000 00000
0000000.000 Private Equity-Backed Glen Allen, VA 000 0000 000000000 0000
00000 000000000 Venture Capital-Backed Mountain View, CA 000 00000 00000000000 00000
00000000 Venture Capital-Backed Cambridge, MA 00 00.00 0000000000 0 00.00
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Root Insurance Investors (8)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Coatue Management Hedge Fund Minority 000 0000 000000 0
DST Global Venture Capital Minority 000 0000 000000 0
Tiger Global Management Asset Manager Minority 000 0000 000000 0
Redpoint Ventures Venture Capital Minority 000 0000 000000 0
Scale Venture Partners Venture Capital Minority 000 0000 000000 0
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Root Insurance Executive Team (13)

Name Title Board
Seat
Contact
Info
Alexander Timm Co-Founder, Chief Executive Officer & Board Member
Cynthia Powell Chief Financial Officer
Kumi Walker Chief Business Development & Strategy Officer
Dan Manges Co-Founder & Chief Technology Officer
Megan Binkley Chief Accounting Officer

2 Former Executives

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Root Insurance Board Members (8)

Name Representing Role Since Contact
Info
Alexander Timm Root Insurance Co-Founder, Chief Executive Officer & Board Member 000 0000
Chris Olsen Drive Capital Board Member 000 0000
Daniel Rosenthal JD Self Board Member & Chief Financial Officer 000 0000
Doug Ulman Self Board Member 000 0000
Elliot Geidt Redpoint Ventures Board Member 000 0000

2 Former Board Members

You’re viewing 5 of 8 board members. Get the full list »