News

9. Root Insurance $350.0M
Round: Series E
Month of Funding: August
Description: Root, the largest property-casualty InsurTech in the country, offers personalized, affordable coverage in an app. Founded by Alex Timm and Dan Manges in 2015, Root Insurance has now raised a total of $527.5MCoatue Management, DST Global, Ribbit Capital, Silicon Valley Bank, and Tiger Global Management.
Investors in the round: Coatue Management, Drive Capital, DST Global, Redpoint, Ribbit Capital, Scale Venture Partners, Tiger Global Management
Industry: Auto Insurance, Automotive, Insurance, InsurTech, Mobile Apps, Property Insurance
Founders: Alex Timm, Dan Manges
Founding year: 2015
Location: Columbus
Total equity funding raised: $527.5MThe TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties, TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the business community and beyond.

Source: Former Braintree tenant Dan Manges was part of the 9th largest startup funding round in the US in 2019 URL: https://www.alleywatch.com/2020/01/us-startup-funding-top-largest-annual-year-2019-vc/14/?fbclid=IwAR20st-T5GrKhwxtwFfP_1zem0xNAQRDgIyaLOxcvdq8H1YUAth2VwXLfjA