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Root Insurance Funding History

Since Root Insurance was founded in 2015, it has participated in 8 rounds of funding. In total Root Insurance has raised $1.7B. Root Insurance's last funding round was on Jan 2022 for a total of $300.0M.

Root Insurance Funding Rounds

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ROUND

FUNDING DATE

AMOUNT

NUMBER OF INVESTORS

INVESTORS

Post-IPO Debt
Jan 2022
$300M
1
BlackRock Financial Management
Post-IPO Equity
Aug 2021
$126M
1
Carvana Co.
IPO
Oct 2020
$724.4M
1
Series E
Aug 2019
$350M
6
Coatue Management,  DST Global,  Drive Capital,  Redpoint Ventures,  Ribbit Capital,  Scale Venture Partners
Series D
Aug 2018
$100M
4
Tiger Global Management,  Redpoint Ventures,  Ribbit Capital,  Scale Venture Partners

Total Funding: $1.7B

Root Insurance Investors

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INVESTOR

ROUND

FUNDING DATE

BlackRock Financial Management
Post-IPO Debt
Jan 2022
Carvana Co.
Post-IPO Equity
Aug 2021
Coatue Management
Series E
Aug 2019
DST Global
Series E
Aug 2019
Drive Capital
Series E, Series B, Series A
Aug 2019, May 2017, Oct 2016

Total Investors: 10

Root Insurance has 10 investors, including BlackRock Financial Management, Carvana Co. and Coatue Management. The latest investment occurred in Jan 2022.