About Root Insurance
Root Insurance is a company based in Columbus (United States) founded in 2015 by Alexander Timm. It operates as a Subscription Services and Pay-per-Use / Usage-Based. Root Insurance has raised $539.5 million across 5 funding rounds from investors including SVB, Ribbit Capital and Coatue. The company has 1,020 employees. Root Insurance offers products and services including Car Insurance, Renters Insurance, Homeowners Insurance, and Roadside Assistance. Root Insurance operates in a competitive market with competitors including Clearcover, Zendrive, Metromile, Cambridge Mobile Telematics and HDVI, among others.
- Headquarter Columbus, United States
- Employees 1,020
- Founders Alexander Timm
- Stage Public
- SectorsTransportation, Automotive & LogisticsFinancial Services
- Website category Finance · Insurance
- Email••••••••
- Phone•••• ••••
- Website joinroot.com
- Social LinkedIn X Facebook
- Legal Name Root, Inc.
- Annual Revenue$1.52 B (USD)28.95as on Dec 31, 2025
- Net Profit$40.3 M (USD)30.42as on Dec 31, 2025
- Total Equity Funding$539.5 M (USD)
in 5 rounds
- Latest Funding Round$360 M (USD), Series E
Aug 2019
- InvestorsSVB
& 7 more
- Employee Count1,020
Products & Services of Root Insurance
Root Insurance offers a comprehensive portfolio of products and services, including Car Insurance, Renters Insurance, Homeowners Insurance, and Roadside Assistance.
Car insurance is provided based on driving behavior.
Renters insurance is offered for personal property protection.
Homeowners insurance is available for property and safety.
Roadside assistance is provided for emergency roadside needs.
Apps and channels of Root Insurance
Root Insurance publishes 2 mobile apps with over 1M+ downloads.
Funding Insights of Root Insurance
Root Insurance has successfully raised a total of $539.5M across 5 strategic funding rounds. The most recent funding activity was a Series E round of $360 million completed in August 2019. 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 $539.5M
- Total Rounds 5
- Last Round Series E — $360.0M
- First Round $7.0M
(Oct 2016)
- Investors Count 8
All 5 funding rounds of Root Insurance 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 |
|---|---|---|---|---|---|
| Aug 2019 | $360.0M | Series E | – | Coatue , DST Global | |
| Aug 2018 | $100.0M | Series D | – | Tiger Global Management | |
| Mar 2018 | $51.0M | Series C | – | Redpoint Ventures | |
| Jun 2017 | $21.5M | Series B | – | Ribbit Capital | – |
| Oct 2016 | $7.0M | Series A | – | Drive Capital | – |
8 investors in total: 8 institutional.
Investors in Root Insurance
Root Insurance has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, Ribbit Capital and Coatue.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of an investment platform for various stages | – | coatue.com | New York, United States | |
Venture capital investment firm | – | dst-global.com | Menlo Park, United States | |
Venture capital firm focused on pre-seed and seed stage investments | – | drivecapital.com | Columbus, United States | |
Redpoint Ventures is engaged in venture capital investments. | – | redpoint.com | Woodside, United States | |
Venture and private equity investments are managed with global diversification. | – | tigerglobal.com | New York, United States | |
Early-stage companies in fintech and multiple sectors are invested in. | 2012 | ribbitcap.com | Palo Alto, United States | |
Early-stage venture capital investments are focused on US companies. | – | scalevp.com | Foster City, United States | |
Banking services are provided to innovative companies, investors, and individuals. | 1983 | svb.com | Santa Clara, United States |
Investor details for Root Insurance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Root Insurance
1694 people are tracked at Root Insurance (586 in leadership, 1108 in team); the tracked headcount is 1,020.
| Name | Role | Group |
|---|---|---|
Alexander Timm | Founder & CEO | Leadership |
Atsushi Egawa | Market Unit Lead, Japan & Co-CEO APAC | Leadership |
Don Johnson | Managing Director | Technology, Strategy, And Advisory | Communications, Media, And Technology | Leadership |
Brian Carbullido | Managing Director | Leadership |
Arundhati Chakraborty | Group Chief Executive, Operations | Leadership |
Kunjan A. | Managing Director | Leadership |
Melissa Reid | Associate Director, US Industry Marketing Lead For Health & Public Service | Leadership |
John Walsh | COO | Leadership |
Sue Tran | Head of Creative / Executive Creative Director | Leadership |
Kenneth Jonathan | Technology Delivery Lead Assoc Director | Leadership |
Yishan Lam | Associate Director; Client Group Lead, Accenture Song | Leadership |
Iliana Oris Valiente Cpa | Managing Director (partner) - NA Innovation Hubs Lead | Leadership |
Julio Bezerra | Senior Managing Director - Global Lead, Accenture Song Sales, B2b And Resources | Leadership |
Joel Unruch | General Counsel, Secretary & Chief Compliance Officer | Leadership |
Sameeksha Saxena | Managing Consultant Associate | Leadership |
Julie Sweet | Chair & CEO | Leadership |
Mayumi Yoshimitsu | Managing Partner | Leadership |
Brandi Petruzzelli | Director Of Sales | Leadership |
Felipe Sanchez Moreno | Technology Associate Director | Leadership |
Shobit Arora | Managing Director (partner) - Accenture Strategy | Leadership |
1674 more people are available in the full profile.
Complete people profiles for Root Insurance
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Professional contacts
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IPO & Listings of Root Insurance
Root Insurance is a publicly listed company on the NASDAQ with ticker symbol ROOT in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date28 Oct 2020
- Listed onNASDAQ: ROOT
- Listed entityRoot, Inc.
- Exchange sectorFinance
- ISINUS77664L2079
- Share price$48.56 (+1.72% on the day) · 2026-10-08
- Market capitalisation$752.0M
- Price to earnings14.5
- EPS (diluted, trailing year)$3.35
- Volume (last session)317,137
Financials of Root Insurance
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $1.52B | $40.3M | – |
| 2024 | $1.18B | $30.9M | – |
| 2023 | $455.0M | -$147.4M | – |
| 2022 | $310.8M | -$297.7M | – |
| 2021 | $345.4M | -$521.1M | – |
Detailed financial statements for Root Insurance
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Root Insurance
4 dated milestones of Root Insurance across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Root Insurance is founded.
- Funding First funding round of $7.0M.
- Funding Latest funding round, Series E, of $360.0M.
- IPO Lists on the stock exchange (IPO).
Competitors of Root Insurance
Root Insurance 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, Zendrive, Metromile, Cambridge Mobile Telematics and HDVI, among others.
| 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. | |
| zendrive.com | 2013 | San Francisco, United States | $53.6M | 30 | AI-enabled platform offering driver behavior monitoring and analysis solutions | |
| metromile.com | 2011 | San Francisco, United States | $295.4M | 389 | App that provides usage-based auto insurance platform for individuals | |
| 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 | |
| gotruemotion.com | 2012 | Boston, United States | $12.0M | 118 | AI-based driving habits are monitored for insurance insights. | |
| sigoseguros.com | 2017 | New York, United States | $22.7M | – | App-based auto insurance comparison is offered to individuals. |
Detailed competitors of Root Insurance
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 Root Insurance
The website of Root Insurance (joinroot.com) receives about 1.6M visits a month and ranks #37,483 among all websites worldwide, #2,365 in Insurance.
- Monthly visits1.6M
▲ 26.6% vs previous month
- Unique visitors691.9K
per month
- Global rank#37,483
among all websites
- Category rank#2,365
Finance · Insurance
- Bounce rate49%
- Pages per visit4.2
- Average visit2 min 44 sec
- DevicesDesktop 22% · Mobile 78%
Websites whose visitors overlap most with Root Insurance. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| insurify.com | 100% | 4M | #11,661 | View details | |
| thegeneral.com | 97% | 2.6M | #24,437 | View details | |
| thezebra.com | 95% | 2.9M | #22,120 | View details | |
| libertymutual.com | 94% | – | #7,283 | View details | |
| allstate.com | 84% | 11.9M | #3,679 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Root Insurance
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
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- Audience overlap
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Latest news on Root Insurance
Complete news archive for Root Insurance
Full article history, source details, and older brand coverage require an active premium plan.
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- Brand-specific news history
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Similar companies to Root Insurance
10 companies that operate in the same segment as Root Insurance (Automotive Retail & Aftersales), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Pre-owned vehicles are sold online with financing and valuation services. | 2012 | Phoenix, Arizona, United States | USD 460 M | USD 20.32 B | 17,400 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 716.48 M | USD 446.48 M | 3,992 | |
Pre-owned cars are certified, inspected, and traded online via Kavak. | 2016 | Lerma De Villada, Estado De Mexico, Mexico | USD 1.98 B | – | 2,500 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 206.3 M | – | – | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Second-hand cars are listed online to connect buyers and sellers. | 2003 | Mumbai, Maharashtra, India | USD 5.89 M | USD 5.28 M | 451 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,000 | |
Retailer of new automobiles, used vehicles, and related automotive news | 2008 | Jaipur, Rajasthan, India | USD 60 M | USD 289.58 M | 721 |
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Frequently Asked Questions about Root Insurance
Root Insurance was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Root Insurance is headquartered in Columbus, United States. It is registered at Columbus, Ohio, United States.
Alexander Timm is the current CEO of Root Insurance. They have also founded this company.
Root Insurance is a funded company, having raised a total of $539.5M across 5 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Oct 2016.
Root Insurance has 1,020 employees.
Annual revenue of Root Insurance is $1.52B as on Dec 31, 2025.
Root Insurance is focused on providing car insurance tailored to driving behavior. Rates are primarily determined using mobile technology to assess driving habits through the Root app. Coverage options include car, renters, and homeowners insurance, along with roadside assistance. The company operates across multiple states in the United States, offering savings based on safe driving. Policies and claims are managed conveniently via the app, ensuring accessibility and ease for customers in the insurance sector.
Root Insurance's top competitors include Clearcover, Metromile and Sigo Insurance.
Root Insurance offers Car Insurance, Renters Insurance, Homeowners Insurance, and Roadside Assistance.
Yes, Root Insurance is publicly traded on NASDAQ under the ticker symbol ROOT.
Root Insurance has 8 investors. Key investors include SVB, Ribbit Capital, Coatue, DST Global Partners, and Drive Capital.
Root Insurance operates through Root Inc..