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Root

Root

Private

Last Round

Seed

Sep 27, 2023

Total Funding Raised

$4.5M

Company Overview

Root is an insurtech company that provides a low-code, API-first, end-to-end insurance platform for businesses to build, launch, and manage digital insurance products.

Sector

FinTech

Verticals

InsurTech, Platform-as-a-Service, Vertical SaaS, Low-Code/No-Code, RegTech

Business Model

B2B2C

Customer Profile

Subscription SaaS, Usage-Based SaaS, Services & Consulting

AI Layer

Infrastructure

Keywords

core insurance platforminsurance APIheadless insuranceembedded insuranceInsurTech platforminsurance-as-a-servicepolicy administrationlow-code insurance platformclaims handlingquote and bindRegTechinsurance infrastructureMGA platformpremium collections

Historical Pricing

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Caplight Momentum Score

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Root Comparables

Compare Root with similar companies based on industry and business-model similarity.

Root comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Insly
87%
Instanda
84%
Kasko
84%

Root Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
SeedSep 27, 2023
SeedNov 11, 2021

Key People

Founding team and executive leadership

Charlotte Koep

Chief Executive Officer

Executive Team

Jared Lesar

Chief Operating Officer

Executive Team

Root Investors

Notable investors and investment history

Root investors
InvestorRounds
FireIDSeed
InvenfinSeed
Base CapitalSeed
Savannah FundSeed
P1 VenturesSeed
Luno ExpeditionsSeed

Market signals

Structured signals derived from secondary market and firmographic data.

  • Feb 21, 2025

    Grew 22% QoQ, from 104 to 127 employees.

  • Sep 27, 2023

    $2M round led by Invenfin

Root Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Root Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Root's valuation, stock price, and market status.

Firmographic Details

HeadquartersLondon
Employee Range136
Year Founded2016
Last FundingSep 27, 2023

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