Tech Company Financing Transactions
Root Funding Round
Root closed a $3 million Seed funding round on 11/15/2021. Investors included Base Capital, FireID and Invenfin.
Transaction Overview
Company Name
Announced On
11/15/2021
Transaction Type
Venture Equity
Amount
$3,000,000
Round
Seed
Investors
Proceeds Purpose
With the new funding, Root intends to roll out its flexible low-code digital insurance platform as it expands to other markets, Europe in particular.
Company Information
Company Status
Publicly-held
Industry
InsureTech
Mailing Address
Unit A 4th Floor Hill House 43 Somerset Rd. Green Point
Cape Town, 8005
South Africa
Cape Town, 8005
South Africa
Phone
Undisclosed
Website
Email Address
Overview
Root is an end-to-end digital insurance platform that enables you to launch new products and digital engagement channels fast. We package all the compliance, regulatory and reporting complexities behind easy-to-use APIs, allowing your team to focus on building great customer experiences.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Louw Hopley
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We do our best to report on all VC transactions involving tech companies. VC investment data records on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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