MetroMile Obtains $4,000,000 Series A Round
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8b9e25aa-e5f1-4509-b09f-d20111149786&Preview=1 - 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
