• A new unicorn is born: Root Insurance raises $100 million for a $1 billion valuation

    2 monthes ago - By Tech Crunch

    Root Insurance, an Ohio-based car insurance startup with a tech twist, said Wednesday it has raised $100 million in a Series D funding round led of Tiger Global Management, pushing the company's valuation to $1 billion.
    Redpoint Ventures, Ribbit Capital, and Scale Venture Partners all participated as follow-on investors in this latest round.
    The car insurance company , founded in 2015, plans to use the funds to expand into existing markets and make inroads into new states as well as hire more employees such as engineers, actuaries, claims, and customer service to support increased...
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  • Startup Root Insurance Says $100 Million Funding Round Will Boost Hiring, Presence

    2 monthes ago - By A.M. Best

    Startup automobile insurance carrier Root Insurance said it will expand its reach and boost hiring with $100 million raised in a Series D funding round expected to close in the fourth quarter.
    Root ...
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  • Columbus' Root now valued at $1 billion for its mobile data-driven car insurance

    Columbus' Root now valued at $1 billion for its mobile data-driven car insurance

    2 monthes ago - By Venture Beat

    The Midwest can now call itself home to another member of the unicorn club. Columbus, Ohio car insurance startup Root Insurance announced today that it has raised a $100 million Series D round. That's a larger-than-usual raise for many Midwestern startups, but today's raise was made even more notable by the fact that it now values the c...
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