Foley & Lardner Represents Root Inc. in $100M Series D Funding Round

23 August 2018 Media Contact: Jill Chanen News

Foley & Lardner LLP represented Root Inc. in a $100 million Series D financing, led by Tiger Global Management LLC. Upon closing, Root’s valuation will be increased to $1 billion.

Columbus, Ohio-based Root uses smartphone technology to individualize auto insurance rates. The capital will allow Root to deepen its penetration in existing markets, expand into new states and increase its staff, with a focus on engineers, actuaries, claims and customer service personnel. Existing investors, Redpoint Ventures, Ribbit Capital and Scale Venture Partners also participated in the round.

The Foley team was led by partner Lisa Conmy, who was assisted by special counsel Majorie Winters and associate Nic Herdrich.

The transaction is expected to close in the fourth quarter after the satisfaction of customary closing conditions and receipt of all necessary regulatory approvals.

Related Services


RCE PTA Carve-Out Resumes After Interference
18 September 2019
The Ninth Circuit Expected to Rule that Doctors Can Be Wrong in the Winter v. Gardens False Claims Act Case
18 September 2019
Legal News: Government Enforcement Defense & Investigations
Upcoming Webinar: Maximizing Solar Tax Credits - Navigating the Start of Construction Rules (Part 1)
17 September 2019
Renewable Energy Outlook
When Birds Finally Find a Nest
17 September 2019
Dashboard Insights
Lacktman, Ferrante Cited in mHealth Intelligence About Ryan Haight Act
19 September 2019
mHealth Intelligence
Tinnen Discusses How Viewpoint Diversity Helps Businesses Thrive
18 September 2019
Vernaglia Comments on AHA v Azar Decision
18 September 2019
MedPage Today
Lach Comments on Launch of New Group
16 September 2019
BizTimes Milwaukee
MedTech Impact Expo & Conference
13-15 December 2019
Las Vegas, NV
Review of 2020 Medicare Changes for Telehealth
11 December 2019
Member Call
BRG Healthcare Leadership Conference
06 December 2019
Washington, D.C.
CTeL Telehealth Fall Summit 2019
04-06 December 2019
Washington, D.C.