Another potential unicorn tops the list of The Metropreneur’s Top Business Success Stories of the year.
In March, Root CEO Alex Timm talked with The Metropreneur about the company’s rapid growth since its launch in 2016. Root also became the first insurance company to offer a discount for self-driving cars.
That month would also mark the first of two major investments for the insurer. Root closed a $51 million Series C round which it planned to use to expand to additional states and invest in technology to improve the customer experience. August brought a $100 million Series D round and $1 billion valuation, with a goal of nationwide coverage in 2019.
Finally, a rapidly growing Root team found a new home, moving its headquarters to 80 on the Commons.
For more information, visit joinroot.com.
- Root Insurance
- Hot Chicken Takeover
- Rise Brands
- Aunt Flow
- Hai Poké
- Fox in the Snow
- Beam Dental
- Zora’s House
- Bold Penguin
Flashback: Top Business Success Story of 2017 – CoverMyMeds
Flashback: Top Business Success Story of 2016 – Rise Brands
Flashback: Top Business Success Story of 2015 – Crimson Cup Coffee
Flashback: Top Business Success Story of 2014 – CoverMyMeds
Flashback: Top Business Success Story of 2013 – Piada
Note: Our “Best of 2018″ lists are published as the combined results of our annual Reader Nomination Survey and Editor’s Choice picks.