MetroMile Obtains $4,000,000 Series A Round

  • Feed Type
  • Date
    12/6/2012
  • Company Name
    MetroMile
  • Mailing Address
    1870 Broadway Street Redwood City, CA 94063
  • Company Description
    We started MetroMile because we believe the people leading the lower-mileage trend should be rewarded. We also believe products such as car insurance are not reacting quickly enough to meet the specialized needs of this group. Why, for example do car insurance premiums continue to increase when people, on average, are driving less? We don’t think that’s fair.
  • Website
    http://www.metromile.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $4,000,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Undisclosed