Metromile claims $90m in series E round

Jul 25, 2018 • Thierry Heles

Tokio Marine and Intact Financial co-led the automotive insurance platform's series E round, bringing its overall funding to $295m.

US-based automotive insurance provider Metromile picked up $90m yesterday in a series E round yesterday co-led by insurance companies Tokio Marine and Intact Financial.

The Australian government’s Future Fund also took part in the round, along with venture capital firms Section 32, New Enterprise Associates (NEA) and Index Ventures.

Founded in 2011, Metromile provides users with car insurance through an online platform, charging according to the distance a vehicle travels. It has also built an app that provides insights into…

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