About Metromile
Metromile is a company based in San Francisco (United States) founded in 2011 was acquired by Lemonade in November 2021. Metromile has raised $295.4 million across 8 funding rounds from investors including Lemonade, Mitsui & Co and China Pacific Insurance. The company has 389 employees as of December 31, 2022. Metromile has completed 1 acquisition, including Mosaic Insurance Alliance. Metromile operates in a competitive market with competitors including Clearcover, Cambridge Mobile Telematics, HDVI, Sigo Insurance and Zubie, among others.
- Headquarter San Francisco, United States
- Employees 389 as on 31 Dec, 2022
- Stage Public
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
$104.9 M (USD)199as on Dec 31, 2021
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Net Profit
-$216.46 M (USD)-80as on Dec 31, 2021
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EBITDA
-$197.71 M (USD)-341as on Dec 31, 2021
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Total Equity Funding
$295.4 M (USD)
in 8 rounds
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Latest Funding Round
Not available
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Investors
Lemonade
& 14 more
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Employee Count
389
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Lemonade
(Nov 08, 2021)
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People of Metromile
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Operations Team
32 people
Data Analysis and Operations Team
19 people
Finance and Accounting
19 people
Leadership Team
12 people
Legal and Compliance
11 people
Software Development Team
7 people
Senior Team
6 people
Board Team
5 people
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Funding Insights of Metromile
Metromile has successfully raised a total of $295.4M across 8 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Metromile
Metromile has secured backing from 15 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Lemonade, Mitsui & Co and China Pacific Insurance.
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Venture capital and private equity are invested in multiple sectors.
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Venture capital investments in technology startups and entrepreneurs.
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Venture capital investments are offered to startups by NEA.
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Investor details for Metromile
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Investments & Acquisitions by Metromile
Metromile has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Mosaic Insurance Alliance.
Investment portfolio details for Metromile
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- Portfolio identities
- Transaction dates
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Provider of home, auto, RV, business, boat & life insurance services
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Complete acquisition details for Metromile
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Financial Statements - Metromile
Detailed financials for Metromile
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Metromile Comparisons
Peer comparison for Metromile
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Competitors of Metromile
Metromile operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Clearcover, Cambridge Mobile Telematics, HDVI, Sigo Insurance and Zubie, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Automotive insurance is delivered via an online platform.
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Usage-based data monitoring solutions for the auto insurance industry
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Telematics-based data & monitoring solutions for auto insurers and fleet owners
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App-based auto insurance comparison is offered to individuals.
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Vehicle data is monitored through plugin devices for usage-based insurance.
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Detailed competitors of Metromile
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Latest news on Metromile
Complete news archive for Metromile
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Frequently Asked Questions about Metromile
Metromile was founded in 2011.
Metromile is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Metromile is a funded company, having raised a total of $295.4M across 8 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Metromile is 389.
Annual revenue of Metromile is $104.9M as on Dec 31, 2021.
Metromile was founded in 2011 in San Francisco, United States, and operates in the insurtech sector. A mobile app is provided for Android and iOS platforms, delivering usage-based auto insurance solutions. Coverage includes liability protection, auto collision, and personal injury protection. Artificial intelligence is utilized to automate claims processing and reduce losses from fraud. Services are targeted at individual drivers.
Metromile's top competitors include Clearcover, Sigo Insurance and Cambridge Mobile Telematics.
Metromile has made 1 acquisition, including Mosaic Insurance Alliance.
Metromile has 15 investors. Key investors include Lemonade, Mitsui & Co, China Pacific Insurance, Intact Ventures, and Tokio Marine Holdings.