The Roots of Root's Problem (SUBSCRIBERS ONLY)

Insurtech is booming. So why is Root tanking?

Number of the Week: $450 million (explanation below)

The Roots of Root’s Problem

The very first issue of FIN, October 18, 2020, featured an item about the imminent IPO of the insurtech star Root. The excitement around insurtech companies had been ratcheting up since Lemonade’s July IPO. FIN noted that Root

has certainly attracted a lot of venture capital…