Metromile Overview

  • Year Founded
  • 2011

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 384

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $138M

Metromile General Information

Description

Operator of a digital insurance system intended to offer personalized insurance that is customized to each driver to be more affordable. The company offers pay-per-mile insurance, a smart driving app, 24/7 claims support, automated billing, theft tracking, and street sweeping alerts.

Contact Information

Website
www.metromile.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 425 Market Street
  • Suite 700
  • San Francisco, CA 94105
  • United States
Primary Industry
Automotive Insurance
Acquirer
Lemonade (New York)
Vertical(s)
Mobility Tech, TMT, InsurTech, FinTech, Mobile
Corporate Office
  • 425 Market Street
  • Suite 700
  • San Francisco, CA 94105
  • United States

Want detailed data on 11M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

Metromile Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
12. Merger/Acquisition 28-Jul-2022 $138M Completed Generating Revenue
11. PIPE 10-Feb-2021 Completed Generating Revenue
10. Reverse Merger 09-Feb-2021 Completed Generating Revenue
9. Debt - General Completed Generating Revenue
8. Debt - General 05-Dec-2019 Completed Generating Revenue
7. Later Stage VC (Series E) 24-Jul-2018 Completed Generating Revenue
6. Later Stage VC (Series D) 21-Sep-2016 Completed Generating Revenue
5. Later Stage VC (Series C) 23-Dec-2014 Completed Generating Revenue
4. Early Stage VC 04-Sep-2014 $1.5M $15.8M Completed Generating Revenue
3. Early Stage VC (Series B) 29-Apr-2013 $10M $14.3M Completed Startup
To view Metromile’s complete valuation and funding history, request access »

Metromile Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate ($) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series E
Series E-1
Series D
Junior
Series C
Series B 5,716,573 $0.000100 $0.14 $1.75 $1.75 1x $1.75 6.76%
Series A 7,149,996 $0.000100 $0.05 $0.6 $0.6 1x $0.6 8.46%
To view Metromile’s complete cap table history, request access »

Metromile Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Operator of a digital insurance system intended to offer personalized insurance that is customized to each driver to be
Automotive Insurance
San Francisco, CA
384 As of 2021

Newcastle upon Tyne, United Kingdom
 

Halesowen, United Kingdom
 
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

Metromile Competitors (10)

One of Metromile’s 10 competitors is Insurethebox, a Corporate Backed or Acquired company based in Newcastle upon Tyne, United Kingdom.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Insurethebox Corporate Backed or Acquired Newcastle upon Tyne, United Kingdom
My Policy Formerly PE-Backed Halesowen, United Kingdom
Elephant Insurance Private Equity-Backed Henrico, VA
21st Century Insurance Corporate Backed or Acquired Wilmington, DE
EverQuote Formerly VC-backed Cambridge, MA
You’re viewing 5 of 10 competitors. Get the full list »

Metromile Patents

  • 10

    Total Documents Applications and Grants

  • Total Patents Families

  • 6

    Granted

  • Pending

  • Expiring in next 12 mo

Metromile Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-10036639-B1 Systems and methods for determining and displaying a route using information determined from a vehicle, user feedback, and a mobile electronic device Active 02-Sep-2014
US-10140785-B1 Systems and methods for determining fuel information of a vehicle Active 02-Sep-2014
US-10706644-B2 Systems and methods for determining fuel information of a vehicle Active 02-Sep-2014
US-20190080527-A1 Systems and methods for determining fuel information of a vehicle Active 02-Sep-2014
US-9812015-B1 Systems and methods for determining parking information for a vehicle using vehicle data and external parking data Active 02-Sep-2014 G08G1/144
To view Metromile’s complete patent history, request access »

Metromile Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

Metromile Former Investors (33)

Investor Name Investor Type Holding Investor Since Participating Rounds
Acequia Capital Venture Capital Minority
AmTrust Financial Corporation Minority
Australia Future Fund Sovereign Wealth Fund Minority
Angel (individual) Minority
China Pacific Property Insurance Company Corporation Minority
You’re viewing 5 of 33 investors. Get the full list »

Metromile Acquisitions (2)

Metromile’s most recent deal was a Merger/Acquisition with INSU Acquisition. The deal was made on 09-Feb-2021.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
INSU Acquisition 09-Feb-2021 Merger/Acquisition Special Purpose Acquisition Company (SPAC)
Mosaic Insurance 21-Sep-2016 Merger/Acquisition Other Insurance
To view Metromile’s complete acquisitions history, request access »

Ready to get started?

Request a free trial

Metromile FAQs

  • When was Metromile founded?

    Metromile was founded in 2011.

  • Where is Metromile headquartered?

    Metromile is headquartered in San Francisco, CA.

  • What is the size of Metromile?

    Metromile has 384 total employees.

  • What industry is Metromile in?

    Metromile’s primary industry is Automotive Insurance.

  • Is Metromile a private or public company?

    Metromile is a Private company.

  • What is the current valuation of Metromile?

    The current valuation of Metromile is .

  • What is Metromile’s current revenue?

    The current revenue for Metromile is .

  • How much funding has Metromile raised over time?

    Metromile has raised $455M.

  • Who are Metromile’s investors?

    Acequia Capital, AmTrust Financial, Australia Future Fund, , and China Pacific Property Insurance Company are 5 of 33 investors who have invested in Metromile.

  • Who are Metromile’s competitors?

    Insurethebox, My Policy, Elephant Insurance, 21st Century Insurance, and EverQuote are some of the 10 competitors of Metromile.

  • When was Metromile acquired?

    Metromile was acquired on 28-Jul-2022.

  • Who acquired Metromile?

    Metromile was acquired by Lemonade (New York).

Data Transparency

  • Meet our data hygiene team

    Discover how our experts ensure you’re getting the most accurate financial data in the industry.

    Read more

  • How PitchBook sources data

    Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.

    Discover our process