Root Insurance
Root Insurance: A US-based startup leveraging smartphone tech and data science for personalized car insurance.
- 765
- Company
- Columbus, OH, USUnited States
Root Insurance is a US-based startup that focuses on providing personalized car insurance services by leveraging smartphone technology and data science to assess actual driving behavior. This innovative approach allows Root Insurance to offer more accurate and fair insurance rates to its customers across the United States. The company typically participates in early-stage investment rounds, including Seed and Series A.
Among its notable portfolio companies is Empora Title, which has raised over $26 million. Root Insurance's investment philosophy centers on utilizing advanced technology to disrupt traditional industries, particularly within the insurance sector. The firm offers unique value-add services by integrating cutting-edge data analytics and mobile technology to enhance customer experience and operational efficiency.
Quick Facts
Who are Root Insurance's competitors?
Companies similar to Root Insurance include Carrot General Insurance, Ominimo, Just Auto Insurance and Branch.
When was Root Insurance founded?
Root Insurance was founded in 1998.
Where is Root Insurance's headquarters located?
Root Insurance's headquarters is located in Columbus, OH, US.
When was Root Insurance's last funding round?
Root Insurance's most recent funding round was for $300M (USD) in January 2022.
How much disclosed funding has Root Insurance raised?
As of Jan 26, 2022, Root Insurance has disclosed funding of $827.5M (USD). Undisclosed round amounts are excluded.
How many employees does Root Insurance have?
Root Insurance has 765 employees as of Feb 4, 2024.
Classification
- Also Known As
- Root Insurance Co
- Headquarters
- 80 E Rich St
- Suite 500
- Columbus, OH, 43215
- US
- NAICS
- 524000Insurance Carriers and Related Activities
- 524100Insurance Carriers
- 520000Finance and Insurance
- SIC
- 6300Insurance Carriers
- Industry
- —Financial Services Companies
- —Insurance Companies
- —Property insurance Companies
Show 4 more industry codes
- NAICS
- 524120Direct Insurance (except Life, Health, and Medical) Carriers
- 524126Direct Property and Casualty Insurance Carriers
- SIC
- 6390Insurance Carriers, Not Elsewhere Classified
- 6000Depository Institutions