Who founded Root Inc?

Root Inc was founded by Alex Timm in 2015.

Who are Root Inc's investors?

Root Inc's investors include Coatue Management, Drive Capital, Redpoint Ventures, Ribbit Capital, Scale Venture Partners, Tiger Global Management.

Root Inc

NASDAQ: ROOTUnicorn · $6.8B

Founded 2015 · 1,214 employees on LinkedIn · 6 known investors

Find your way into Root Inc

Paths you didn't know you had: your email and LinkedIn already hold routes to the Root Inc team. We find them for you
2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone

Days of research, done the moment you sign in, with every route ranked by how warm it is.

Root is an auto insurance carrier that uses mobile telematics and data science to set car insurance rates based primarily on driving behavior rather than demographics, offering policies through a mobile app. It also provides APIs that let partners embed insurance into other purchases, and is a licensed carrier available in 35 U.S. states.

AI & Machine Learning Fintech InsurTech Mobility & Transportation

Founders & leadership

Root Inc was founded in 2015 by Alex Timm.

Alex Timm FounderAlex Timm founded Root Insurance in 2015 to use mobile telematics and data science to set auto insurance rates based on driving behavior. He leads the company as CEO.

Alex Timm Dan MangesFounder

Dan MangesFounder

Investors · 6

Coatue Managementlisted by Coatue ManagementNew York · $1M – $20M

Drive Capitallisted by Drive CapitalColumbus · $5M – $30M

How we know: Drive Capital's portfolio page · the S-1 prospectus · Not right? Tell us

Redpoint VenturesreportedWoodside · $100K – $10M

How we know: the S-1 prospectus · open dataset · 5k.vc investor directory · Not right? Tell us

Ribbit CapitalreportedPalo Alto · $2M – $15M

How we know: the S-1 prospectus · open dataset · 5k.vc investor directory · Not right? Tell us

Scale Venture PartnersreportedFoster City · $5M – $50M

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

Tiger Global ManagementreportedNew York · $1M – $100M

How we know: the S-1 prospectus · open dataset · 5k.vc investor directory · Not right? Tell us

Valuation · disclosed

Disclosed events

$6.8Bvaluation at IPOOct 2020 · $27.00/share · 424B4

filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Related companies · 4

LibertymutualLiberty Mutual provides commercial insurance solutions across multiple industries, including cyber insurance, property, liability, and workers compensation coverage tailored to business needs.

InsurifyInsurify operates an online insurance-comparison marketplace that pulls real-time, personalized quotes from 120-plus insurers (including GEICO, Allstate, and Progressive) for auto, home, renters, and pet insurance, letting shoppers compare policies and buy online or with a licensed agent. Its AI-powered tools include a policy-upload feature, and it also offers Insurify Car, a liability-only auto policy with weekly installment payments; the company is a licensed agency in all 50 U.S. states.

Way

LemonadeLemonade is a digital insurance provider offering homeowners, renters, car, pet, and term life insurance policies. The company uses AI to streamline policy underwriting and claims processing, targeting consumers seeking affordable insurance with fast, digital-first service.

Companies working in the same space as Root Inc.

Frequently asked questions

What does Root Inc do?: Root is an auto insurance carrier that uses mobile telematics and data science to set car insurance rates based primarily on driving behavior rather than demographics, offering policies through a mobile app. It also provides APIs that let partners embed insurance into other purchases, and is a licensed carrier available in 35 U.S. states.
Who founded Root Inc?: Root Inc was founded by Alex Timm in 2015.
Who are Root Inc's investors?: Root Inc's investors include Coatue Management, Drive Capital, Redpoint Ventures, Ribbit Capital, Scale Venture Partners, Tiger Global Management.