Tech Company Financing Transactions
Root Insurance Funding Round
Root Insurance closed a $100 million Series D financing round on 8/23/2018. Investors included Tiger Global Management, Redpoint Ventures and Ribbit Capital.
Transaction Overview
Company Name
Announced On
8/23/2018
Transaction Type
Venture Equity
Amount
$100,000,000
Round
Series D
Investors
Tiger Global Management (Lead Investor) (Lee Fixel)
Redpoint Ventures (Elliot Geidt)
Proceeds Purpose
This additional capital will allow us to accelerate our strategy to transform the car insurance world and reinvent a broken industry from the ground up by setting the new standard for how customers buy and use insurance.
Company Information
Company Status
Publicly-held
Industry
InsureTech
Mailing Address
80 E Rich St. 500
Columbus, OH 43215
USA
Columbus, OH 43215
USA
Phone
Website
Email Address
Overview
Root (Nasdaq: ROOT) is the first insurance company founded on the principle of fundamental fairness. We create personalized products that give good drivers the protection they deserve.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Alex Timm
Chief Marketing Officer
Kelly Ruoff
Chief Scientific Officer
David Martin
Chief Technical Officer
Daniel Manges
VP - Bus. Development
Kumi Walker
VP - Product Management
Lauren Gruenebaum
VP - R & D
Hemal Shah
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