MetroMile Obtains $10,000,001 New Funding
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=343bc96e-0dd5-4134-9b69-50984c9139b0&Preview=1 - 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
