Root

Root has raised $540 million across major funding rounds, including a $360M Series E (2019), $100M Series D (2018), and $51M Series C (2018), backed by top investors such as Tiger Global Management, DST Global Partners, Redpoint Ventures, and Coatue. The company reached unicorn status in under four years by pioneering behavior-based car insurance using telematics and mobile-first underwriting. Root’s IPO positioned it among the fastest-scaling insurtech companies in the U.S., supported by deep venture capital participation and rapid market adoption driven by digital policy management and personalized risk evaluation.