Root: Funding, Investors & Team (Sep 2026)
Root provides companies with the capability to integrate and market insurance products. By utilizing Root's successful low-code platform and collaborations with reputable insurance providers, businesses can easily create, develop, and incorporate insurance offerings on a large scale. Root is a high-quality solution utilized by various digital platforms, retailers, and insurers to manufacture, enhance, and sell insurance products powered by Root. Root manages over $20 million in active Gross-Written-Premium and has more than 1 million active policies on the platform, supported by a team of 50 individuals.
Root has raised $1.5M across 1 funding round on record, the most recent an undisclosed round of $1.5M announced in Sep 2023.
That round is below the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Root Company Profile and Key Stats
Latest funding round on record: Sep 2023.
Root Funding Rounds
Root Founders and Leadership Team
Contact details for the Root team: 1 of 1 has an email address on file.
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Root's latest round of $1.5M is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Root Funding FAQs
What does Root do?
Root provides companies with the capability to integrate and market insurance products. By utilizing Root's successful low-code platform and collaborations with reputable insurance providers, businesses can easily create, develop, and incorporate insurance offerings on a large scale. Root is a high-quality solution utilized by various digital platforms, retailers, and insurers to manufacture, enhance, and sell insurance products powered by Root. Root manages over $20 million in active Gross-Written-Premium and has more than 1 million active policies on the platform, supported by a team of 50 individuals.
How much funding has Root raised?
Root has raised $1.5M across 1 round on record. The most recent is an undisclosed round of $1.5M announced in Sep 2023.
When did Root last raise funding?
Root's most recent funding round on record is an undisclosed round of $1.5M, announced in Sep 2023.
Who is the CEO of Root?
Louw Hopley is listed as CEO at Root.
Where is Root headquartered?
Root is based in Cape Town, Na - South Africa, South Africa.
How many employees does Root have?
Root is in the 51-100 employee band.
How does Root's funding compare to other Financial Services startups?
Root's latest round of $1.5M is below the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.
About FundedIQ's Root Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Root is left off this page rather than filled in.
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