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You are here: Home / News / Root Insurance Raises $100 Million Funding, Enters Oregon Auto Insurance Market

Root Insurance Raises $100 Million Funding, Enters Oregon Auto Insurance Market

August 23, 2018 By CollisionWeek Editor

Root Insurance, the car insurance company that incorporates individual driving behavior in every quote, announced yesterday $100 million in Series D funding. This latest round, led by Tiger Global Management, raises Root’s valuation to $1 billion and provides additional capital to deepen penetration in existing markets, expand into new states, and fuel hiring plans, with a focus on engineers, actuaries, claims, and customer service to support increased scale. Redpoint Ventures, Ribbit Capital, and Scale Venture Partners all participated as follow-on investors in this latest round.

Root Insurance logoFounded in 2015, Root aims to bring the auto insurance industry into the mobile age

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Filed Under: News Tagged With: Openings, Root Insurance, Venture Capital

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