MetroMile Obtains $10,000,001 New Funding

  • Feed Type
  • Date
    5/1/2013
  • Company Name
    MetroMile
  • Mailing Address
    292 Townsend St San Francisco, CA 94107
  • 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
    $10,000,001
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed. SEC regulatory filing.
  • M&A Terms
  • Venture Investor
    Undisclosed