Root Insurance

Invested in 2018

timeline

03/02/2015

Company founded

03/27/2018

Scale invests in $51M Series C

10/28/2020

IPO on the NASDAQ

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 driveā€”not just their demographics. By not insuring bad drivers, Root is able to save good drivers as much as 52% on their car insurance.

"The company now has $523 million in funding to date, bringing its valuation to $3.65 billion."


Crunchbase on Root's Series E round