Root Insurance Company Growth, Revenue, Number of Employees and Funding

Overview

Location:
Columbus, OH USA
Total Funding:$151M
Industry:Fintech
Founded:2015
Lead Investor(s):Tiger Global Management
Press

Industry Ranking

State Ranking

Growjo 10k Ranking

Estimated Revenue & Financials

  • Root Insurance Company's estimated 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 $117631
  • Root Insurance Company's total funding is $151M.

Employee Data

  • Root Insurance Company has 574 Employees.
  • Root Insurance Company grew their employee count by 165% last year.
  • Root Insurance Company currently has 38 job openings.

Executive Contacts

NameTitle
Wes KullDesign Director
Alex CargesChief Actuary
Cindy PowellChief Financial Officer
Travis MccleeryChief Creative Officer
Eric SauerhoffVP of Finance
Jason LathamVP Customer Service
Nick HartmannDirector and Actuary
Corinne EvansDirector of Operations
Joseph PlattenburgDirector of Telematics Data Science
Kumi WalkerSenior Vice President, Business and Corporate Development

What Is Root Insurance Company?

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

574

Number of Employees

$67.5M

Revenue (est)

38

Current Jobs

165%

Employee Growth %

$151M

Total Funding

$1B

Valuation

N/A

Accelerator

N/A

Type

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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