Daily Fintech Conversations

Taking Root, the Next Insurtech IPO. Clover Chooses SPAC.

Originally published at: https://dailyfintech.com/2020/10/15/taking-root-the-next-insurtech-ipo-clover-chooses-spac/

After Lemonade and other successful IPOs including Snowflake and Palantir, Root Insurance has its sights set on the primary public market. In its S-1, Root minces no words about its intent to reinvent the $266 billion US auto insurance. Five insurtech companies established after 2015 have each raised private capital in the region of $500…