Root Insurance is a Columbus, Ohio-based insurtech company offering personal auto insurance priced primarily on driving behavior captured via a smartphone telematics app. Founded in March 2015 by Alex Timm and Dan Manges, Root underwrites coverage through wholly owned insurance subsidiaries and distributes policies direct-to-consumer through its mobile app and embedded partner channels. The company went public on Nasdaq under the ticker ROOT on October 28, 2020.
Root Insurance is publicly traded
IPO'd on October 28, 2020
This company is no longer available on our private secondary market. Shares can be traded publicly under ROOT.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2015
Employees
1,000–1,500
Total Funding
$529.5M
5 rounds
Last Private Valuation
$3.65B
August 20, 2019
Total raised $529.5M 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
August 20, 2019
Amount
$350M
Valuation
$3.65B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| August 20, 2019 | Series E | $350M | $3.65B | DST Global, Coatue Management |
| August 22, 2018 | Series D | $100M | — | Tiger Global Management |
| March 27, 2018 | Series C | $51M | — | Redpoint |
Alex Timm
Co-Founder & Chief Executive Officer
Megan Binkley
Chief Financial Officer
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Lemonade
Public AI-driven insurtech offering renters, homeowners, pet, life and (via Metromile) auto insurance; closest direct insurtech peer to Root.
Metromile
Pay-per-mile auto insurance pioneer acquired by Lemonade in 2022; competes with Root on usage-based personal auto coverage.
Hippo Insurance
Public home-insurance insurtech that has partnered with usage-based auto carriers; broad insurtech peer of Root.
Progressive
Top-tier U.S. personal auto insurer with the long-running Snapshot telematics program; primary incumbent competitor on usage-based auto pricing.
GEICO
Berkshire Hathaway-owned national auto insurer competing on direct-to-consumer distribution and price.
State Farm
Largest U.S. personal auto insurer; offers Drive Safe & Save telematics program competing with Root's behavior-based pricing.
Yes, Root Insurance is publicly traded under the ticker symbol ROOT on the Nasdaq. The company went public in October 28, 2020.
Root Insurance trades under the ticker symbol ROOT on the Nasdaq. It began trading in October 28, 2020.
Root Insurance (ROOT on the Nasdaq) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker ROOT to place an order.
Root Insurance went public in October 28, 2020 via ipo, with an offering valuation of approximately $3.65B. Root, Inc. priced its IPO on October 28, 2020 at $27.00 per share, offering 26,830,845 shares of Class A common stock and raising approximately $724.4M in gross proceeds (the largest IPO in Ohio history). Concurrent private placements from Dragoneer Investment Group and Silver Lake added an additional $500M. Shares trade on the Nasdaq Global Select Market under the ticker ROOT.
Root Insurance raised $529.5M across 5 disclosed funding rounds prior to its public listing.
Root Insurance was founded by Alex Timm in 2015.
Root Insurance is headquartered in Columbus, Ohio, United States.
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