About Metromile
Metromile is a Transportation, Automotive & Logistics company based in San Francisco (United States) founded in 2011, and was acquired by Lemonade in November 2021. App that provides usage-based auto insurance platform for individuals. It operates in the Transportation, Automotive & Logistics and Financial Services sectors. 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. Metromile has completed 1 acquisition, including Mosaic Insurance Alliance. Its website metromile.com draws about 17 thousand monthly visits. Its focus areas include FinTech, Internet First Insurance Platforms, Internet First Insurers and P&C. Its competitors include Clearcover, Cambridge Mobile Telematics and HDVI; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters San Francisco, United States
- Employees 389
- Stage Acquired
- SectorsTransportation, Automotive & LogisticsFinancial Services
- Website category Finance · Insurance
- Email••••••••
- Phone•••• ••••
- Website metromile.com
- Social LinkedIn X Facebook
- Acquired by Lemonade (Nov 2021)
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.
- Total Funding $295.4M
- Total Rounds 8
- Investors Count 14
All 8 funding rounds of Metromile with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2021 | Post-IPO | – | – | ||
| Jul 2018 | $90M | Series E | – | Tokio Marine Holdings, Intact Ventures | |
| Sep 2016 | $153M | Series D | – | – | |
| Feb 2016 | Series D | – | Intact Ventures | – | |
| Jun 2014 | $38.4M | Series C | – | – | – |
| Apr 2013 | $10M | Series B | – | – | – |
| Dec 2012 | $4M | Series A | – | New Enterprise Associates, Index Ventures | |
| Jun 2011 | Series A | – | Acequia Capital | – |
15 investors in total: 13 institutional and 2 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and private equity are invested in multiple sectors. | 2017 | saltwater.com | Honolulu, United States | |
Venture capital investments in technology startups and entrepreneurs. | indexventures.com | |||
Venture capital investments are offered to startups by NEA. | nea.com | Menlo Park, United States | ||
Tech startups are funded by S32, a venture capital entity. | s32.com | Sunnyvale, United States | ||
US focused seed and early-stage VC firm | firstround.com | San Francisco, United States | ||
Early-stage investments are provided to transformative technology companies. | svangel.com | San Francisco, United States | ||
Investments are made in early-stage tech companies by Acequia Capital. | acecap.com | Seattle, United States | ||
Provider of non-life insurance services | 2002 | tokiomarinehd.com | Chiyoda City, Japan | |
Provider of property & casualty insurances | 1809 | intactfc.com | Toronto, Canada | |
Sovereign Wealth Fund of Government of Australia | futurefund.gov.au | Melbourne, Australia |
Investor details for Metromile
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Metromile
148 people are tracked at Metromile (31 in leadership, 8 in board & advisors, 109 in team); the tracked headcount is 389.
| Name | Role | Group |
|---|---|---|
Yael Cohen | SVP Data, General Manager Pet & Life | Leadership |
Shane Barnes | Global Head Of Pricing | Leadership |
Daniel Schreiber | Co-Founder, CEO & Chairman | Leadership |
Emmanuelle Barralis | European Operations Director | Leadership |
Scott Fischer | Head Of Government Relations & General Counsel | Leadership |
Shiri Teller Hasson | Senior Director Of Operations | Leadership |
Hagar Franco | Chief Financial Officer, Europe & Global Head Of Insurance Finance | Leadership |
Kizzie Davis | Associate Director Of Underwriting Operations | Leadership |
Roy Nissan-Cohen | General Manager, Homeowners | Leadership |
Elizabeth Mansfield | Associate Director, Customer Operations | Leadership |
Amichai Bergman | Director Of Operations & Head Of Business Applications | Leadership |
Mike Duffy | Senior Director Of Finance, Assistant Controller | Leadership |
Anthony Irwin | VP Finance, Controller | Leadership |
Ron Voortman | Company Head - Europe | Leadership |
Brittany Malooly | Partner Operations Manager | Leadership |
Ron Harband | Director Of Finance | LTD Controller | Leadership |
Nathaniel Kohn | VP AI Data Science | Leadership |
Megan Bowman | Insurance Operations Director | Leadership |
Liran Bassa | Associate General Counsel, Europe And Data And Corporate Governance Director | Leadership |
Ravid Aharoni | Director Of Office Operations | Leadership |
128 more people are available in the full profile.
Complete people profiles for Metromile
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of home, auto, RV, business, boat & life insurance services | mosaicia.com | Lynnwood, United States | 2010 | Sep 2016 | $22M |
Complete acquisition details for Metromile
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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Timeline of Metromile
6 dated milestones of Metromile across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Metromile is founded.
- Funding First funding round.
- Acquisition Acquires Mosaic Insurance Alliance.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO,.
- Exit Acquired by Lemonade.
Competitors of Metromile
Metromile has 3 listed competitors in our database, 3 of them funded. They include Clearcover, Cambridge Mobile Telematics and HDVI.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| clearcover.com | 2016 | Chicago, United States | $457.2M | 450 | Automotive insurance is delivered via an online platform. | |
| cmtelematics.com | 2010 | Cambridge, United States | $502.5M | 318 | Usage-based data monitoring solutions for the auto insurance industry | |
| hdvi.com | 2018 | Chicago, United States | $88.5M | 82 | Telematics-based data & monitoring solutions for auto insurers and fleet owners |
Detailed competitors of Metromile
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Metromile
The website of Metromile (metromile.com) receives about 17K visits a month and ranks #1,250,445 among all websites worldwide, #4,884 in Insurance.
- Monthly visits17K
▲ 1.5% vs previous month
- Unique visitors9.9K
per month
- Global rank#1,250,445
among all websites
- Category rank#4,884
Finance · Insurance
- Bounce rate18%
- Pages per visit3.0
- Average visit1 min 20 sec
- DevicesDesktop 30% · Mobile 70%
Websites whose visitors overlap most with Metromile. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| lemonade.com | 100% | 3.3M | #16,053 | View details | |
| mileauto.com | 92% | 66.9K | #486,307 | View details | |
official-insurance.com | official-insurance.com | 84% | #160,710 | – | |
compare-cheap-insurance-quotes.com | compare-cheap-insurance-quotes.com | 80% | #84,778 | – | |
unitedstatesinsurance.com | unitedstatesinsurance.com | 74% | #737,388 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 21 similar websites and full traffic analytics for Metromile
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- 21 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about 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.
Metromile has 389 employees.
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, Cambridge Mobile Telematics and HDVI.
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.
Yes. Metromile was acquired by Lemonade in November 2021.