Root - About the company
Root is a public company based in Columbus (United States), founded in 2015 by Alexander Timm and Dan Manges. It operates as a Provider of car insurance rates based primarily on driving behavior. Root has raised $540M in funding from investors like Redpoint Ventures, Tiger Global Management and DST Global. The company has 161 active competitors, including 39 funded and 14 that have exited. Its top competitors include companies like Clearcover, Cambridge Mobile Telematics and Metromile.
Sectors and market segments that Root operate in
Root serves in the Auto, FinTech, InsurTech, Internet of Things - Industry Applications, Auto Tech market segments.The primary business model of Root are:- Auto > Auto Retail & Aftersales > ***** **** > ***** ******
- FinTech > Internet First Insurance Platforms > ***** **** > ***** ******
- InsurTech > Internet First Insurance Platforms > ***** **** > ***** ******
- Internet of Things - Industry Applications > Connected Vehicles > ***** **** > ***** ******
- Auto Tech > Connected Vehicles > ***** **** > ***** ******
- FinTech > Insurance IT > ***** **** > ***** ******
- InsurTech > Insurance IT > ***** **** > ***** ******
- Auto Tech > Auto E-Commerce & Content > ***** **** > ***** ******
Company Details
Provider of car insurance rates based primarily on driving behavior. The company offers mobile app-based policy management and claims filing. Roadside assistance coverage is available as an option. The app gathers data from smartphone sensors to analyze driving habits.
- Website
- www.joinroot.com/
- Social
- Email ID
- *****@joinroot.com
- Phone Number
- +1 **********
- Registered Address
- 80 E. Rich Street, Suite 500 Columbus, Ohio
Key Metrics
Founded Year
2015
Location
Columbus, United States
Stage
Public
Total Funding
$540M in 6 rounds
Latest Funding Round
Investors
Ranked
4th among 161 active competitors
Annual Revenue
$17.4M as on Dec 31, 2024
Employee Count
1,184 as on Mar 31, 2026
Similar Companies
Exit Details
Public
Legal entities associated with Root
Root is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ROOT, INC. CIN: 1788882 , United States, Active | Sep 19, 2019 | $17.4M (As on Dec 31, 2024) | - | - |
ROOT, INC CIN: 84-2717903 , United States, Active | Nov 11, 1998 | - | 1571 (As on Dec 31, 2021) | - |
ROOT AUTO RENT CIN: 40203058279 , Latvia, Active | Mar 23, 2017 | $95.9K (As on Dec 31, 2024) | 1 (As on Dec 31, 2022) | - |
Root's IPO details
Root got listed on Oct 28, 2020.
Click here to take a look at Root's IPO in detail
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Root's funding and investors
Root has raised a total funding of $540M over 6 rounds. Its latest funding round was a Series E round on Aug 20, 2019 for $360M. 7 investors participated in its latest round. Root has 15 institutional investors.
Here is the list of recent funding rounds of Root:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 20, 2019 | $360M | Series E | $1B | - | ||
Aug 22, 2018 | $100M | Series D | $1B | - | ||
Mar 27, 2018 | $51M | Series C | - | - |
Access funding benchmarks and valuations. Sign up today!View details of Root's funding rounds and investors
Root's founders and board of directors
Founder? Claim ProfileHere are the details of Root's key team members:
- Alexander Timm: Founder & CEO of Root. Contact Info: 1 email address
- Dan Manges: Former Co-Founder of Root.
View details of Root's Founder profiles and Board Members
Root's employee count trend
Root has 1,184 employees as of Mar 26. Here is Root's employee count trend over the years:
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Root's Competitors and alternates
Top competitors of Root include Clearcover, Cambridge Mobile Telematics and Metromile. Here is the list of Top 10 competitors of Root, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Clearcover 2016, Chicago (United States), Series D | Online platform that provides automotive insurance | $457M | 71/100 | |
2nd | Cambridge Mobile Telematics 2010, Cambridge (United States), Series C | Developer of a platform providing road risk measurement and safety insights | $502M | 71/100 | |
3rd | Metromile 2011, San Francisco (United States), Acquired | App that provides usage-based auto insurance platform for individuals | $295M | 68/100 | |
4th |  Root 2015, Columbus (United States), Public | Provider of car insurance rates based primarily on driving behavior | $540M | 67/100 | |
5th |  Zendrive 2013, San Francisco (United States), Acquired | AI-enabled platform offering driver behavior monitoring and analysis solutions | $60M | 65/100 | |
6th | Zubie 2012, Charleston (United States), Series B | Provider of plugin device to monitor vehicle data and usage-based Insurance | $33.5M | 64/100 | |
7th |  Roadzen 2015, Burlingame (United States), Public | AI-driven auto insurance provider | - | 63/100 | |
8th |  Inshur 2016, New York City (United States), Series C | App-based auto insurance platform for individuals | $88.5M | 63/100 | |
9th | Webfleet 1991, Amsterdam (Netherlands), Unfunded | Provider of cloud-based fleet management software | - | - | 62/100 |
10th |  Just 2014, Los Angeles (United States), Series A | Usage-based auto insurance platform for individuals | $15.3M | 62/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Root's competitors? Click here to see the top ones
Root's Investments and acquisitions
Root has made no investments or acquisitions yet.
News related to Root
Filter this listMedia has covered Root for a total of 11 events in the last 1 year, 8 of them have been about company updates and 2 about partnerships.
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Vanguard Group Inc. Acquires 149,064 Shares of Root, Inc. $ROOTMarketBeat•Mar 07, 2026•Vanguard, Root
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Root Insurance and Kikoff to Deliver Integrated Car Insurance Experience in New PartnershipBusiness Wire•Jan 13, 2026•Kikoff, Root
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Capital Fund Management S.A. Acquires Shares of 15,154 Root, Inc. $ROOTMarketBeat•Dec 04, 2025•CFM, Root, Norges Bank
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Geode Capital Management LLC Acquires 61,599 Shares of First Financial Bankshares, Inc. $FFINMarketBeat•Nov 20, 2025•Geode Capital, First Financial Bank Texas, Zurn Elkay, Glacier Bancorp and 6 others
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Root Insurance Expands to Washington State, Completing Its West Coast CoverageGlobal Fintech Series•Sep 25, 2025•Root
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Insurtech Root Swings to Q2 Profit on Growth in Partnership ChannelInsurance Journal•Aug 07, 2025•Root
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Root outlines national expansion and next-gen pricing model for long-term growthSeeking Alpha•Aug 07, 2025•Root
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