Metromile

Metromile is a revolutionary insurtech startup founded in 2011 and headquartered in the United States. Positioned as "Delightfully Different Car Insurance" and a part of the Lemonade company, Metromile aims to transform the often-displeasing insurance experience. With a focus on utilizing data science and customer-centric design, the company is dedicated to making insurance fairer and more enjoyable. Metromile's approach revolves around prioritizing savings, service, and engaging features that accompany the customer throughout their journey. As an industry disruptor in the $250 billion auto insurance category, their mission is propelled by a diverse, inclusive, and equitable culture. One of the key points that make Metromile stand out is its team, which combines top technologists with experts from Fortune 500 insurers and financial services giants. This dynamic mix fuels the company's commitment to creating a work environment that values diversity and inclusion. Currently, Metromile operates from offices in San Francisco, Boston, and Tempe, with operations in over 24 states across the country. The company also offers an enticing benefits package, including health, dental, and vision insurance options, stock options for all employees, generous vacation time, and other employee-centric programs. In terms of investment, Metromile secured a remarkable $170.00 million Post-IPO Equity investment on 10 February 2021. The investment was led by notable firms such as New Enterprise Associates, Social Capital, ClearBridge Investments, Hudson Structured Capital Management, as well as prominent individuals including Mark Cuban, Miller Value Partners. This significant investment reflects the confidence and interest of industry-leading entities in Metromile's disruptive approach and vision for the future of insurance. In conclusion, Metromile stands out as an innovative force in the insurance and insurtech space. Its unique approach to insurance, combined with a significant recent investment, positions the company favorably for continued growth and influence in the ever-changing insurance landscape.