9. Root Insurance $350.0M
Round: Series E
Month of Funding: August
Description: Root, the largest property-casualty InsurTech in the country, offers personalized, affordable coverage in an app. Founded by Alex Timm and Dan Manges in 2015, Root Insurance has now raised a total of $527.5MCoatue Management, DST Global, Ribbit Capital, Silicon Valley Bank, and Tiger Global Management.
Investors in the round: Coatue Management, Drive Capital, DST Global, Redpoint, Ribbit Capital, Scale Venture Partners, Tiger Global Management
Industry: Auto Insurance, Automotive, Insurance, InsurTech, Mobile Apps, Property Insurance
Founders: Alex Timm, Dan Manges
Founding year: 2015
Total equity funding raised: $527.5M
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