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Root Insurance Raises $350 Million in Series E Funding, Led by Coatue and DST Global

Root’s Valuation Now at $3.65 Billion COLUMBUS, Ohio--(BUSINESS WIRE)--Root Insurance, the largest property casualty InsurTech in the country, announced today $350 million in Series E funding. Root has now raised a total of $523 million in funding, with an additional $100 million in debt financing. This latest round, led by DST Global and Coatue, raises Root’s valuation to $3.65 billion and provides additional capital to accelerate our industry-leading growth in existing markets while expanding…