Tech Company Financing Transactions
MetroMile Funding Round
On 7/25/2018, MetroMile secured $90 million in Series E financing from Intact Ventures, Tokio Marine and Future Fund.
Transaction Overview
Company Name
Announced On
7/25/2018
Transaction Type
Venture Equity
Amount
$90,000,000
Round
Series E
Investors
Intact Ventures (Lead Investor)
Tokio Marine (Lead Investor) (Makoto Okada)
Proceeds Purpose
The company plans to use the funds to expand pay-per-mile insurance and simplify every step of the insurance experience through the use of artificial intelligence (AI) in claims processing.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
1501 W. Fountainhead Pkwy. 200
Tempe, AZ 85282
USA
Tempe, AZ 85282
USA
Phone
Undisclosed
Website
Email Address
Overview
We started MetroMile because we believe the people leading the lower-mileage trend should be rewarded. We also believe products such as car insurance are not reacting quickly enough to meet the specialized needs of this group.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Preston
Chief Financial Officer
Lindsay Alexovich
Chief Technical Officer
Paw Andersen
VP - Human Resources
Mark Gundacker
VP - Marketing
Debra Jack
VP - Product Management
Matthew Stein
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