When was Metromile founded?

Metromile was founded in 2011 and raised its 1st funding round within a year of its incorporation.

Where is Metromile located?

Metromile is headquartered in San Francisco, United States.

Who is the current CEO of Metromile?

Dan Preston and Dan Preston s of Metromile.

How many employees does Metromile have?

As of Aug 31, 2026, the latest employee count at Metromile is 55.

Is Metromile a funded company?

Metromile is a funded company, having raised a total of $295M across 8 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jun 01, 2011.

How much is Metromile worth?

The last known valuation of Metromile was $***** as of Nov 09, 2021.

When was the latest funding round of Metromile?

Metromile's latest funding was a $***** Post IPO round on Feb 02, 2021, with participation from 2 investors.

What is the annual revenue of Metromile?

Annual revenue of Metromile is between $100M and $500M as on Dec 31, 2021

Where does Metromile rank among its competitors?

Metromile ranks 5th amongst 194 active competitors, of which 49 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Cambridge Mobile Telematics, which secured $350M in Mar, 2026.

Who are the top competitors of Metromile?

Metromile's top competitors include Next Insurance, Cambridge Mobile Telematics and Clearcover. Among them, Cambridge Mobile Telematics secured the most recent funding round in March, 2026.

Metromile - 2026 Company Profile, Team, Funding, Competitors & Financials

Metromile is an acquired company based in San Francisco (United States), founded in 2011 by David Friedberg and Steve Pretre. It operates as an App that provides usage-based auto insurance platform for individuals. Metromile has raised $295M in funding from investors like Intact Ventures, First Round Capital and New Enterprise Associates, with last known valuation of $*****. The company has 194 active competitors, including 49 funded and 20 that have exited. Its top competitors include companies like Next Insurance, Cambridge Mobile Telematics and Clearcover.

Company Details

App that provides usage-based auto insurance platform for individuals. It offers solutions for liability protection, auto collision, personal injury protection, and more. It uses artificial intelligence technology to automate claims & optimizes losses associated with the fraud. The app is available for Android and iOS platforms.

Website: metromile.com
Social
Email ID: *****@metromile.com.
Phone Number: +1 **********

Key Metrics

Founded Year

2011

Location

San Francisco, United States

Stage

Acquired

Total Funding

$295M in 8 rounds

Latest Funding Round

Post IPO, Feb 02, 2021, $*****

Last Known Valuation

$***** as on Nov 09, 2021

Investors

Intact Ventures & 21 more

Ranked

5^th among 194 active competitors

Annual Revenue

$100M - $500M as on Dec 31, 2021

Employee Count

55 as on Aug 31, 2026

Investment & Acquisitions

Mosaic Insurance Alliance

Similar Companies

Cambridge Mobile Telematics & 551 more

Exit Details

Acquired by EIS Group (Jul 01, 2022)

View Metromile's full profile

Metromile is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Metromile, Inc. CIN: 1819035 , United States, Active	Oct 10, 2018	$100M - $500M (As on Dec 31, 2021)	-	-
METROMILE OPERATING COMPANY CIN: 371620009 , United States, Active	Dec 31, 1999	-	204 (As on Dec 31, 2022)	-

Metromile got acquired by EIS Group on Jul 01, 2022.

Click here to take a look at Metromile's acquisition in detail

Metromile has raised a total funding of $295M over 8 rounds. Its first funding round was on Jun 01, 2011. Its latest funding round was a Post IPO round on Feb 02, 2021 for $*****. 2 investors participated in its latest round. Metromile has 20 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Metromile:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 02, 2021	8158322	Post IPO	1522143	9510688	7503060	4906848
Jul 24, 2018	2955788	Series E	2156429	2143601	2247249	Index Ventures & 3 more
Sep 21, 2016	3106569	Series D	6852011	5954763	6290300	Intact Ventures & 7 more

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View details of Metromile's funding rounds and investors

The founders of Metromile are David Friedberg and Steve Pretre.

Here are the details of Metromile's key team members:

David Friedberg: Co-Founder of Metromile and founder of 3 other companies, The Production Board, Eatsa and The Climate. They are also an angel investor in 5 startups and serve on the board of 1 company.
Contact Info: 1 email address
Steve Pretre: Co-Founder of Metromile.
Dan Preston: CEO of Metromile.
Dan Preston: CEO of Metromile.

View details of Metromile's Founder profiles and Board Members

Metromile's employee count trend

Metromile has 55 employees as of Aug 26. Here is Metromile's employee count trend over the years:

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Top competitors of Metromile include Next Insurance, Cambridge Mobile Telematics and Clearcover. Here is the list of Top 10 competitors of Metromile, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Next Insurance 2016, Palo Alto (United States), Acquired	Provider of online small business insurance policies	$1.12B	FinTLV, Battery Ventures & 27 others	76/100
2nd	Cambridge Mobile Telematics 2010, Cambridge (United States), Series D	Provider of AI-powered telematics and mobility safety solutions	$852M	SoftBank Vision Fund, Allianz X & 4 others	72/100
3rd	Clearcover 2016, Chicago (United States), Series D	Online platform that provides automotive insurance	$457M	Eldridge Industries, OMERS & 17 others	71/100
4th	Root 2015, Columbus (United States), Public	Provider of car insurance rates based primarily on driving behavior	$540M	Redpoint Ventures, DST Global & 13 others	71/100
5th	Metromile 2011, San Francisco (United States), Acquired	App that provides usage-based auto insurance platform for individuals	$295M	Advantas Capital Ventures, TriplePoint Capital ... & 20 others	65/100
6th	Just 2014, Los Angeles (United States), Series A	Usage-based auto insurance platform for individuals	$15.3M	Western Technology Investment, ManchesterStory Group ... & 2 others	68/100
7th	Inshur 2016, New York City (United States), Series C	App-based auto insurance platform for individuals	$88.6M	JVP, Viola Group & 7 others	65/100
8th	Zendrive 2013, San Francisco (United States), Acquired	AI-enabled platform offering driver behavior monitoring and analysis solutions	$60M	First Round Capital, XL Innovate & 19 others	64/100
9th	Branch 2017, Columbus (United States), Series D	Provider of auto and home insurance solutions	$280M	Greycroft, Hudson Structured & 17 others	63/100
10th	Rainbow 2021, San Francisco (United States), Series A	Property and casualty insurance for restaurant businesses	$37M	Zigg Capital, Caffeinated Capital & 5 others	61/100