Metromile

company

About

Metromile is a car insurance company using data science and machine learning to offer drivers new and fairer insurance.

Details

Last Funding Type
Series A
Last Funding Money Raised
$4M
Industries
Insurance,InsurTech,Machine Learning,SaaS,Transportation
Founded date
Jan 19, 2011
Number Of Employee
251 - 500
Operating Status
Active
Stock Symbol
nasdaq:MILE
Legal Name
Metromile, Inc.
Also Known As
Metromile Insurance Company,Metromile Insurance Services LLC,Metromile Enterprise,Metromile Enterprise Solutions, LLC

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
10
$510M
Metromile has raised a total of $510M in funding over 2 rounds. Their latest funding was raised on Feb 10, 2021 from a Post-IPO Equity round.
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

Employee Profiles

Number of Employee Profiles
18
Metromile has 18 current employee profiles, including Executive Mark Gundacker
Executive
Executive
Executive
Executive
Executive

Acquisition

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
Insurance acquisition $ 22M Detail