The pay-per-mile auto insurance provider raised the series C and D funding from investors including Mitsui, China Pacific Insurance Group and Intact Financial.
Metromile, the US-based provider of a pay-per-mile automotive insurance service, revealed yesterday it has raised $191.5m in the past two years, from investors including diversified conglomerate Mitsui and insurer China Pacific Insurance Group (CPIC).
Founded in 2011, Metromile offers car insurance priced according to the distance a customer drives, as well as a smart driving app and in-car telematics system that gives drivers detailed information on their travel.
The capital was provided by Mitsui, CPIC, insurance firm Intact Financial, Index…
