5. Root Insurance $350M
Round: Series E
Description: Columbus-based Root is an insurance carrier that uses an app to rate drivers based on how they drive. Founded by Alex Timm and Dan Manges in 2015, Root Insurance has now raised a total of $527.5M in total equity funding and is backed by investors that include Coatue Management, DST Global, Ribbit Capital, Silicon Valley Bank, and Tiger Global Management.
Industry: Auto Insurance, Automotive, Insurance, InsurTech, Mobile Apps
Founders: Alex Timm, Dan Manges
Founding year: 2015
Total equity funding raised: $527.5M
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