Metromile Revenue and Competitors

San Francisco, CA Indonesia

Location

$510M

Total Funding

Fintech

Industry

Estimated Revenue & Valuation

  • Metromile's estimated annual revenue is currently $7.1M per year.(i)
  • Metromile received $90.0M in venture funding in July 2018.
  • Metromile's estimated revenue per employee is $65,000
  • Metromile's total funding is $510M.

Employee Data

  • Metromile has 109 Employees.(i)
  • Metromile grew their employee count by -42% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$107.9M117312%$481.5M$2.2B
#2
$46600M554579%N/A$64.1B
#3
$303.1M731-2%$827.5M$679.2M
#4
$20713M67250-18%N/AN/A
#5
$39157.3M1271348%N/AN/A
#6
$127.2M435-13%$139.5M$1.6B
#7
$379.4M204123%$868M$3.5B
Add Company

Metromile is the leading pay-per-mile car insurance product in the U.S. Were disrupting a $250 billion auto insurance category, that has not changed for over 80 years, by offering an entirely new type of insurance that charges customers based on the miles they drive. We call it pay-per-mile. We believe paying for what you use is more fair and more affordable. With pay-per-mile car insurance, low-mileage drivers see huge savings with rates based on how far they actually drive. Customers who drive less than 12K miles a year could save >$600 annually. Our claims automation is powered by AVA, Metromile's AI claims system and includes several automated elements. For every task that doesnt involve a human touch, AVA makes the entire claims process frictionless for the consumer and the adjuster. Metromile has raised approximately $291 million in funding (Series A through E) and are backed by top tier Silicon Valley Investors including NEA, Index and First Round Capital.

keywords:Automotive,Consumer Services,Finance,Insurance

$510M

Total Funding

109

Number of Employees

$7.1M

Revenue (est)

-42%

Employee Growth %

N/A

Valuation

N/A

Accelerator

Metromile News

2022-04-20 - Why Lemonade Still Has the Potential to Be a Monster Stock

Acquiring Metromile is going to give them a lot of operational excellence in auto. I think that's really going to add value.

2022-04-17 - Metromile Warrants Surge 100% - What's Happening Here?

Metromile (NASDAQ: MILE) stock is, despite its very exciting history, a pretty boring stock now. This isn't true of the Metromile Warrants...

2022-04-06 - Metromile Inc (MILE) Stock: Do Analysts Think You Should Accumulate?

Wall Street is neutral on Metromile Inc (MILE). On average, analysts give MILE a Hold rating. The average price target is $4.17,...

2021-11-16 - Metromile Announces Third Quarter 2021 Results

SAN FRANCISCO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced its results for the third quarter ended September 30, 2021. “During the quarter, we continued to make progress on and inves ...

2021-10-20 - Metromile : Expands Reach Through Independent Agents

SAN FRANCISCO, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Metromile, Inc. (NASDAQ: MILE, MILEW), a leading digital insurance platform and pay-per-mile auto insurer, today announced a significant expansion of its Independent Agents program, along with the appointment of Scot Rankin, a 30 year insurance v ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$15.3M109-2%$162.8M
#2
$8.3M10916%N/A
#3
$15.3M1090%$16.7M
#4
$27.3M109-5%N/A
#5
$15.3M109-4%$3.4M

Metromile Funding

DateAmountRoundLead InvestorsReference
2016-09-22$191.5MUndisclosedMultipleArticle
2018-07-25$90.0METokio Marine HoldingsArticle