Where is Root located?

Root is headquartered in Columbus, United States. It is registered at 80 E. Rich Street, Suite 500 Columbus, Ohio.

Who is the current CEO of Root?

Alexander Timm of Root. They have also founded 1 company.

How many employees does Root have?

As of Mar 31, 2026, the latest employee count at Root is 1184.

Is Root a funded company?

Root is a funded company, having raised a total of $540M across 6 funding rounds to date. The company's 1st funding round was a $100M Venture Debt round.

When was the latest funding round of Root?

Root's latest funding was a $360M Series E round on Aug 20, 2019, with participation from 7 investors.

What is the annual revenue of Root?

Annual revenue of Root is more than $1B as on Dec 31, 2025

Is Root a Auto Retail & Aftersales company?

The primary sectors of Root are Auto Retail & Aftersales, Internet First Insurance Platforms, Connected Vehicles and Auto E-Commerce & Content.

Where does Root rank among its competitors?

Root ranks 4th amongst 168 active competitors, of which 44 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Clearcover, which secured $25M in Oct, 2025.

Who are the top competitors of Root?

Root's top competitors include Next Insurance, Just and Clearcover. Among them, Clearcover secured the most recent funding round in October, 2025.

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

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:

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

Series E, Aug 20, 2019, $360M

Investors

Redpoint Ventures & 14 more

Ranked

4^th among 168 active competitors

Annual Revenue

$1B+ as on Dec 31, 2025

Employee Count

1,184 as on Mar 31, 2026

Similar Companies

Cuvva & 486 more

Exit Details

Public

View Root's full profile

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	$1B+ (As on Dec 31, 2025)	-	-
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	€0 - €1M (As on Dec 31, 2024)	1 (As on Dec 31, 2022)	-

Root got listed on Oct 28, 2020.

Click here to take a look at Root's IPO in detail

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:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 20, 2019	$360M	Series E	$1B	-	Coatue, DST Global	Drive Capital, Redpoint Ventures, Tiger Global Management, Ribbit Capital, Scale Venture Partners
Aug 22, 2018	$100M	Series D	$1B	-	Tiger Global Management	Redpoint Ventures, Ribbit Capital, Scale Venture Partners
Mar 27, 2018	$51M	Series C	-	-	Redpoint Ventures	Scale Venture Partners, Ribbit Capital, SVB

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View details of Root's funding rounds and investors

The founders of Root are Alexander Timm and Dan Manges. Alexander Timm is the CEO of Root.

Here 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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Top competitors of Root include Next Insurance, Just and Clearcover. Here is the list of Top 10 competitors of Root, 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	Just 2014, Los Angeles (United States), Series A	Usage-based auto insurance platform for individuals	$15.3M	Western Technology Investment, ManchesterStory Group ... & 2 others	71/100
3rd	Clearcover 2016, Chicago (United States), Series D	Online platform that provides automotive insurance	$457M	Lightbank, Eldridge Industries & 17 others	71/100
4th	Root 2015, Columbus (United States), Public	Provider of car insurance rates based primarily on driving behavior	$540M	HTIF, Silver Lake & 13 others	71/100
5th	Metromile 2011, San Francisco (United States), Acquired	App that provides usage-based auto insurance platform for individuals	$295M	Intact Ventures, New Enterprise Associates ... & 20 others	68/100
6th	Vouch 2018, San Francisco (United States), Series D	Online property insurance platform for businesses	$203M	Ribbit Capital, SVB & 20 others	66/100
7th	Inshur 2016, New York City (United States), Series C	App-based auto insurance platform for individuals	$88.6M	Viola Group, JVP & 6 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, Expansion Venture Capital ... & 19 others	64/100
9th	BoatUS 1966, Springfield (United States), Acquired	App-based boat insurance solutions for individuals	-	-	63/100
10th	Branch 2017, Columbus (United States), Series D	Provider of auto and home insurance solutions	$280M	Greycroft, Hudson Structured & 16 others	63/100