Metromile is an insurtech company that pioneered pay-per-mile auto insurance, utilizing onboard sensors to track actual driving mileage and provide more accurately priced insurance premiums for low-mileage drivers. Founded in 2011, the company developed a proprietary platform combining telematics data, AI-powered claims processing (AVA), and underwriting capabilities. The company was acquired by Lemonade in July 2022 in an all-stock transaction, with the Metromile brand subsequently being sunset as the company transitioned customers to Lemonade insurance.
Metromile has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2011
Total Funding
$333.9M
5 rounds
Total raised $333.9M across 5 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series E
Date
July 24, 2018
Amount
$90M
Valuation
—
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| July 24, 2018 | Series E | $90M | — | Tokio Marine Holdings |
| September 21, 2016 | Series D | $191.5M | — | Existing investors |
| Series C | $38.4M | — | Existing investors |
David Friedberg
Founder
Steve Pretre
Co-Founder
Dan Preston
Chief Executive Officer
Regi Vengalil
Chief Financial Officer
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