Root Insurance Company Annual Revenue, Competitors, Number of Employees and Funding

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Overview

Location:
Total Funding:$151M
Industry:Fintech
Founded:2015
Lead Investor(s):Tiger Global Management
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Industry Ranking

State Ranking

Growjo 10k Ranking

Estimated Revenue & Financials

  • Root Insurance Company's estimated annual revenue is currently $67.5M per year.
  • Root Insurance Company received $100.0M in venture funding in August 2018.
  • Root Insurance Company's estimated revenue per employee is $97,291
  • Root Insurance Company's total funding is $151M.

Employee Data

  • Root Insurance Company has 694 Employees.
  • Root Insurance Company grew their employee count by 56% last year.
  • Root Insurance Company currently has 42 job openings.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
SafeChain
$7.4M3644%N/A
Mezu
$8M492%N/A
The American Ea...
N/A165-7%N/A
Infintech
N/A63-3%N/A
Votem Corp.
$8.6M32-24%N/A
Root Insurance ...
$67.5M69456%N/A
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Root is the first insurance company founded on the principle of fundamental fairness. We create personalized products that give good drivers the protection they deserve. At Root we only insure good drivers, and that is why our rates are always fair. Unlike other insurance companies, we do not bundle good drivers with bad drivers. Instead, we use data science to find and reward good drivers with the best rates. Root is headquartered in Columbus, Ohio. The company is an official carrier licensed by the Arkansas, Arizona, Delaware, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Mississippi, Missouri, Montana, New Mexico, Ohio, Oklahoma, Pennsylvania, Texas, and Utah Departments of Insurance, a member of the Ohio Guarantee Fund, and backed by the largest reinsurance company in the world.

keywords:N/A

694

Number of Employees

$67.5M

Revenue (est)

42

Current Jobs

56%

Employee Growth %

$151M

Total Funding

$1B

Valuation

N/A

Accelerator

N/A

Type

Executive Contacts

NameTitleEmail
Corinne EvansDirector of Operations
Timothy TheissInjury ManagerEmail Available
Kevin DemersClaims ManagerEmail Available
Joe LarocheDirector of Capital Markets
Jessi PervolaDirector Of Product DesignEmail Available
Mark HogueClaims DirectorEmail Available
Alexander TimmCEO and Co-founderEmail Available
Curt MauroLiability Claim ManagerEmail Available
Annette ReavisChief People OfficerEmail Available
Jibran KutikVP of Product DesignEmail Available

Root Insurance Company Funding

DateAmountRoundLead InvestorsReference
2018-03-28$51.0MCRedpoint VenturesArticle
2018-08-23$100.0MDTiger Global ManagementArticle

Root Insurance Company Executive Hires

DateNameTitleReference
2019-03-11Dave LuketicDir Government RelationsArticle

Root Insurance Company Hiring Plans

DateNumber of EmployeesLocationReference
2018-05-22460ColumbusArticle