A new unicorn is born: Root Insurance raises $100 million for a $1 billion valuation

A new unicorn is born: Root Insurance raises $100 million for a $1 billion valuation

6 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/08/22/a-new-unicorn-is-born-root-insurance-raises-100-million-for-a-1-billion-valuation/

Root Insurance, an Ohio-based car insurance startup with a tech twist, said Wednesday it has raised $100 million in a Series D funding round led by Tiger Global Management, pushing the company’s valuation to $1 billion. 

Redpoint Ventures, Ribbit Capital and Scale Venture Partners all participated as follow-on investors in this latest round.