Metromile is a car insurance company using data science and machine learning to offer drivers new and fairer insurance.
Metromile is a digital insurance platform in the United States. With data science as its foundation, Metromile offers real-time, personalized auto insurance policies by the mile, instead of the industry-standard approximations and estimates that have historically made prices unfair. Metromile’s digitally native offering is built around the modern driver’s needs, featuring automated claims, complimentary smart driving features and annual average savings of 47% over what they were paying their previous auto insurer. In addition, through Metromile Enterprise, it licenses its technology platform to insurance companies around the world. This cloud-based software as a service enables carriers to operate with greater efficiency, automate claims to expedite resolution, reduce losses associated with fraud, and unlock the productivity of employees.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Feb 10, 2021 | Post-IPO Equity | $170M | 6 | Social Capital | — | Detail |
Feb 10, 2021 | IPO | — | — | — | — | Detail |
Feb 1, 2021 | Post-IPO Secondary | $50M | 2 | — | — | Detail |
Oct 19, 2019 | Secondary Market | — | 1 | G Squared | — | Detail |
Jul 24, 2018 | Series E | $90M | 6 | Intact Financial Corporation Tokio Marine | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Social Capital | Yes | Post-IPO Equity |
G Squared | Yes | Secondary Market |
Intact Financial Corporation | Yes | Series E |
Tokio Marine | Yes | Series E |
China Pacific Insurance | Yes | Corporate Round |
AmTrust Financial Services | Yes | Series B |
ClearBridge Investments | — | Post-IPO Equity |
Hudson Structured Capital Management | — | Post-IPO Equity |
Mark Cuban | — | Post-IPO Equity |
Miller Value Partners | — | Post-IPO Equity |
Metromile has acquired 1 organizations. Their most recent acquisition was Mosaic Insurance Alliance on Sep 21, 2016. They acquired Mosaic Insurance Alliance for $22M.
Date
Company Name
|
Industry | Acquisition Type | Price | |
---|---|---|---|---|
Sep 21, 2016
Mosaic Insurance Alliance
|
Insurance | acquisition | $ 22M | Detail |