Root Insurance
Info
The insurance industry is broken. Root is here to fix it. To that end, Root is the first car insurance company that was founded on the relentless pursuit of fairness. We use an app to rate drivers based on how they actually drive—not just their demographics. By not insuring bad drivers, Root is able to save good drivers as much as 52% on their car insurance.
Team
Alex Timm
Dan Manges
Scale Team
Alex Niehenke
First Invested
March 2018
Sectors
Vertical Markets
"The company now has $523 million in funding to date, bringing its valuation to $3.65 billion."
Crunchbase on Root's Series E round
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Root Insurance