Metromile Stock
Car Insurance Company
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About Metromile Stock
Metromile is a pay-per-mile auto insurance company in the U.S. Metromile aims to provide low-mileage drivers the ability to reduce their insurance bills. Through a wireless device, called Metromile Pulse, the Company has the ability to track the amount of miles a user drives, along with providing data to optimize how drivers use their car and on demand access to detailed vehicle diagnostics. Metromile additionally operates Ava, an automated assistant that uses car sensor data to verify insurance claims on the spot. Using data derived from Pulse, Ava reportedly reconstructs the scene of an accident to establish what happened and can automatically approve payments in a matter of seconds, according to the company.
The company was founded in 2011 and is headquartered in San Francisco, California.
Investors
China Pacific Insurance
Future Fund
Radiology Partners, ThoughtSpot, Welltok, Arctic Wolf, Coursera, Desktop Metal, ACV, Metromile, NextNav, Rocket Lab
G Squared
Impossible Foods, Bolt, 23andMe, Convoy, Fair, Collective Health, Postmates, Blend, Getaround, Tipalti
Index Ventures
Robinhood, Bird, Slack, Discord, Deliveroo, Pure Storage, ServiceTitan, Coalition, Cockroach Labs, Scale AI
Intact Financial Corporation
Mitsui & Co
Lucid Motors, Metromile, Spaceflight Industries, Ridecell, Kaltura
NEA
Section 32
Celularity, Freenome, Dialpad, Lime, Metromile, Primer, Vineti, Kobalt, BigHat Biosciences
Tokio Marine Holdings
Funding History
| June 2011 | $4.3M |
|---|---|
| April 2013 | $10.0M |
| June 2014 | $1.5M |
| December 2014 | $40.2M |
| September 2016 | $96.6M |
| July 2018 | $57.9M |
| July 2018 | $150M |
Management
Chief Executive Officer
Dan Preston
Chief Technology Officer
Paw Andersen
Press
Forbes - May, 26 2020
How Pay-Per-Mile Auto Insurance WorksPYMNTS - Feb, 28 2020
Metromile CEO: Why Auto Insurance Is Ready For A Digital Lane ChangePR Newswire - Feb, 11 2020
Metromile and Tokio Marine Expand Partnership to Transform ClaimsInsurance Insider - Nov, 25 2019
InsurTech Metromile plans for life as public companyForbes - Nov, 7 2019
Insurance: The Last Frontier In Customer-Centric Buying ExperiencesPR Newswire - May, 4 2019
Metromile Expands Leadership Team As It Continues To Shake Up Auto Insuranceazcentral - Apr, 27 2019
New auto insurer Metromile charges customers by how much they drive, has Tempe officeEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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