Search company, investor...
Search

Founded Year

2011

Stage

Acq - P2P | Acquired

Total Raised

$300.5M

Valuation

$0000 

About Metromile

Metromile offers affordable and personalized insurances with AI and design. It collects sensor and telematics data directly from all of its customers' vehicles, which allows it to provide rates for pay-per-mile car insurance in the U.S. The company was founded in 2011 and is based in Tempe, Arizona. In July 2022, Metromile was acquired by Lemonade at a valuation in the range of $200M to $500M.

Metromile Headquarters Location

1501 W. Fountainhead Pkwy Suite 200

Tempe, Arizona, 85282,

United States

888-242-5204

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Metromile's Products & Differentiation

See Metromile's products and how their products differentiate from alternatives and competitors

  • STREAMLINE

    Low Code Automation Platform

    Differentiation

    Only low code automation platform that is built exclusively for the P&C insurance industry. Able to deploy prebuilt or modified process that solve key industry pain points. Both backend integration … 

  • Subscribe to see more

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

  • Subscribe to see more

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

  • Subscribe to see more

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

Expert Collections containing Metromile

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Metromile is included in 7 Expert Collections, including Digital Health.

D

Digital Health

8,838 items

Startups recreating how healthcare is delivered

A

Auto & Mobility Tech

1,534 items

Startups building a next-generation mobility ecosystem, using technology to improve connectivity, safety, convenience, and efficiency in vehicles.Includes technologies such as ADAS and autonomous driving, connected vehicles, fleet telematics, V2V/V2X, and vehicle cybersecurity.

F

Fintech 250

498 items

G

Gig Economy Value Chain

155 items

Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry

I

Insurtech

3,484 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

A

Artificial Intelligence

9,391 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

Metromile Patents

Metromile has filed 8 patents.

The 3 most popular patent topics include:

  • Translation
  • Translation studies
  • Computer memory
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/11/2018

7/7/2020

Computer memory, Translation, Global Positioning System, Translation studies, Operating amusement attractions

Grant

Application Date

7/11/2018

Grant Date

7/7/2020

Title

Related Topics

Computer memory, Translation, Global Positioning System, Translation studies, Operating amusement attractions

Status

Grant

Latest Metromile News

Lemonade To Hold Investor Day on November 15, 2022

Sep 22, 2022

09/22/2022 | 04:36pm EDT Message : *Required fields Lemonade, Inc. (NYSE: LMND) announced today it will hold an in-person Investor Day on Tuesday, November 15, 2022 in New York City. Attendees can join in-person at a New York City venue to be announced or virtually through a live webcast. Please note that in-person attendance is by invitation only and advance registration is required. If you are interested in attending or have questions to submit, please email Lemonade’s Investor Relations team: ir@lemonade.com A live webcast of the event will be available on the Lemonade Investor Relations website, investor.lemonade.com . Following the event, a replay will also be made available at investor.lemonade.com . To register for the online event, please use this link . Source: Lemonade About Lemonade Lemonade offers renters, homeowners, car, pet, and life insurance. Powered by artificial intelligence and social impact, Lemonade’s full stack insurance carriers in the US and the EU replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. A Certified B-Corp, Lemonade gives unused premiums to nonprofits selected by its community, during its annual Giveback. Lemonade is currently available in the United States, Germany, the Netherlands, and France, and continues to expand globally. Follow @lemonade_inc on Twitter for updates. FORWARD LOOKING STATEMENTS This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: Our history of losses and the fact that we may not achieve or maintain profitability in the future; our ability to retain and expand our customer base; the fact that the “Lemonade” brand may not become as widely known as incumbents’ brands or the brand may become tarnished; the denial of claims or our failure to accurately and timely pay claims; our ability to attain greater value from each user; the novelty of our business model and its unpredictable efficacy and susceptibility to unintended consequences; the possibility that we could be forced to modify or eliminate our Giveback, which could undermine our business model; the examinations and other targeted investigations by our primary and other state insurance regulators that could result in adverse examination findings and necessitate remedial actions; our limited operating history; our ability to manage our growth effectively; the impact of intense competition in the segments of the insurance industry in which we operate on our ability to attain or increase profitability; the unavailability of reinsurance at current levels and prices, which could limit our ability to write new business; our ability to renew reinsurance contracts on comparable duration and terms to those currently in effect; our exposure to counterparty risks as a result of reinsurance; the loss of personal customer information, damage to our reputation and brand, or harm to our business and operating results as a result of security incidents or real or perceived errors, failures or bugs in our systems, website or app; our actual or perceived failure to protect customer information and other data, respect customers’ privacy, or comply with data privacy and security laws and regulations; our ability to comply with extensive insurance industry regulations and the need to incur additional costs or devote additional resources to comply with changes to existing regulations; our exposure to additional regulatory requirements specific to other vertical markets that we enter or have entered, including auto, pet and life insurance, and the need to devote additional resources to comply with these regulations; the ability of Lemonade to successfully integrate Metromile’s operations, product lines and technology; the ability of Lemonade to implement its plans, forecasts and other expectations with respect to Metromile’s business and realize additional opportunities for growth and innovation; the ability of Lemonade to realize the anticipated synergies from the transaction in the anticipated amounts or within the anticipated timeframes or costs expectations or at all; the ability to maintain relationships with Lemonade’s and Metromile’s respective employees, customers, other business partners and governmental authorities; and the other risks, uncertainties and important factors contained and identified; and our inability to predict the lasting impacts of COVID-19 to our business in particular, and the global economy generally. These and other important factors are discussed under the caption “Risk Factors” in our Form 10-K filed with the SEC on March 1, 2022 and in our other filings with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s beliefs as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. View source version on businesswire.com: https://www.businesswire.com/news/home/20220922005801/en/ © Business Wire 2022

Metromile Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Metromile Rank

  • When was Metromile founded?

    Metromile was founded in 2011.

  • Where is Metromile's headquarters?

    Metromile's headquarters is located at 1501 W. Fountainhead Pkwy, Tempe.

  • What is Metromile's latest funding round?

    Metromile's latest funding round is Acq - P2P.

  • How much did Metromile raise?

    Metromile raised a total of $300.5M.

  • Who are the investors of Metromile?

    Investors of Metromile include Lemonade, Saltwater Capital, INSU Acquisition II, Paycheck Protection Program, G Squared and 17 more.

  • Who are Metromile's competitors?

    Competitors of Metromile include Mile Auto, Alan, Digit Insurance, BIMA, PolicyGenius, Shift Technology, Snapsheet, Small Ticket, Open, CCC Intelligent Solutions and 18 more.

  • What products does Metromile offer?

    Metromile's products include STREAMLINE and 3 more.

  • Who are Metromile's customers?

    Customers of Metromile include Tokio Marine Insurance and Farmers Insurance.

You May Also Like

Snapsheet Logo
Snapsheet

Snapsheet develops a cloud-based technology platform that facilitates customer engagement and intelligent workflows. Snapsheet builds software to adapt to workflows, operational needs, and systems environments.

G
Groundspeed Analytics

Groundspeed Analytics uses machine learning for commercial insurance data automation, to help brokers and carriers improve financial performance. The Groundspeed platform automatically turns loss runs, exposure documents and policy files into actionable information, empowering users to identify profitable pools of risk and drive better financial outcomes.

Digit Insurance Logo
Digit Insurance

Digit Insurance is a tech-driven insurance startup based in Bengaluru, India. The company seeks to build simple and transparent solutions, focusing on car, travel, mobile, jewelry, and bicycle insurance. Digit Insurance was founded in 2006 and is based in Bengaluru, India.

S
Spruce Holdings

Spruce is built from the ground up to help make real estate transactions fast, frictionless and secure. The company provides title and settlement services that empower lenders to efficiently close loans and deliver excellent customer experience.

Collective Health Logo
Collective Health

Collective Health is a technology company aiming to make health insurance work better for everyone. The company provides employers with an integrated software platform that allows them to administer their benefits plans, take better care of their people, and optimize their investment-all in one place.

PolicyGenius Logo
PolicyGenius

PolicyGenius is an online insurance platform. Through its highly tailored Insurance Checkup, users can discover their coverage gaps and read about solutions for their exact needs. The company provides a place to shop online for life, long-term disability, renters, and pet insurance through its highly accurate quoting engines that offer side-by-side comparisons of tailored policies.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.