Tech Company Financing Transactions
MetroMile Funding Round
MetroMile, based in Tempe, raised $191.5 million in investment from First Round Capital, Index Ventures and private investors.
Transaction Overview
Company Name
Announced On
9/22/2016
Transaction Type
Venture Equity
Amount
$191,500,000
Round
Undisclosed
Investors
Proceeds Purpose
Closing this financing round not only accelerates our nationwide expansion but allows Metromile to operate as an end-to-end insurance company which includes providing our customers a fully seamless claims experience.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
1501 W. Fountainhead Pkwy. 200
Tempe, AZ 85282
USA
Tempe, AZ 85282
USA
Phone
Undisclosed
Website
Email Address
Overview
We started MetroMile because we believe the people leading the lower-mileage trend should be rewarded. We also believe products such as car insurance are not reacting quickly enough to meet the specialized needs of this group.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Preston
Chief Financial Officer
Lindsay Alexovich
Chief Technical Officer
Paw Andersen
VP - Human Resources
Mark Gundacker
VP - Marketing
Debra Jack
VP - Product Management
Matthew Stein
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