Root Insurance
Personalized, affordable coverage driven by your unique driving habits and needs, ensuring safe drivers get the best rates for car and renters insurance.
Personalized, affordable coverage driven by your unique driving habits and needs, ensuring safe drivers get the best rates for car and renters insurance.
Root Insurance is a disruptive insurtech startup founded in 2015 that offers personalized and affordable coverage for car and renters insurance. Utilizing smartphone technology, the company assesses driving behavior to identify safe drivers and provide them with the best rates. This innovative approach sets Root apart in the insurance industry. In January 2022, the company received a substantial $300.00M Post-IPO Debt investment from BlackRock, signaling confidence from a major investor in Root's trajectory. With its unique value proposition and investor backing, Root Insurance stands as a noteworthy player in the Insurance and Insurtech industries, with potential for further growth and disruption.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Post-IPO Debt | $300.00M | 1 |
|
26 Jan 2022 |
| Series E | $350.00M | 7 |
|
20 Aug 2019 |
| Series D | $100.00M | 2 |
|
22 Aug 2018 |
| Series C | $51.00M | - | 27 Mar 2018 | |
| Series B | $21.50M | - | 01 Jun 2017 |
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