Tech Company Financing Transactions
Root Insurance Funding Round
Redpoint Ventures, Ribbit Capital and Scale Venture Partners participated in a $51 million Series C capital raise for Root Insurance. This venture round was announced on 3/28/2018.
Transaction Overview
Company Name
Announced On
3/28/2018
Transaction Type
Venture Equity
Amount
$51,000,000
Round
Series C
Investors
Redpoint Ventures (Lead Investor) (Elliot Geidt)
Proceeds Purpose
The company will use the new funding to expand into additional states and continue to invest in technology that significantly improves the customer experience.
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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