Company profile: Metromile
1.1 - Company Overview
Company description
- Provider of digital, data science-based auto insurance in the United States, offering pay-per-mile policies with real-time personalization enabled by the Metromile Pulse OBD-II device and Metromile app to track mileage, monitor car health, receive alerts, and file claims, along with comprehensive, collision, and liability coverage.
Products and services
- Pay Per Mile Car Insurance: Machine-learningβenabled auto coverage charges a base rate plus per-mile fees to personalize pricing, potentially lowering costs for drivers who travel fewer miles
- Metromile Pulse: OBD-II compliant plug-in device tracks mileage and driving behavior to calculate insurance rates and monitor vehicle health via the carβs OBD-II port
- Metromile App: Digitally native mobile application lets users view trips, monitor car health, receive alerts, and file insurance claims for streamlined policy engagement
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Metromile
Frank Cowan
HQ: Canada
Website
- Description: Provider of specialized insurance programs, including risk management and claims services for municipalities, healthcare, education, community, childrenβs and social service organizations across Canada, backed by over nine decades of industry knowledge.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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Litica
HQ: United Kingdom
Website
- Description: Provider of tailored commercial After The Event (ATE) insurance for clients in arbitration and litigation, alongside litigation funding and litigation risk management solutions that cover claimants' legal costs if a case is lost, help manage financial risks, and ensure financial clarity and security.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
View full Litica company profile β
Obie Insurance
HQ: United States
Website
- Description: Provider of insurance and risk management for real estate investors, specializing in rental property and landlord insurance. An insurtech offering a simple, affordable, and transparent experience for clients and their investment properties, leveraging technology to deliver property and casualty plans with industry-best rates.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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SantΓ©vet
HQ: France
Website
- Description: Provider of specialist pet health insurance since 2003, offering plans for dogs, cats, and NAC (New Pets) with up to 100% reimbursement (85% for NAC) on veterinary expenses for illness and accidents. Plans include a prevention budget for vaccines, antiparasitics, and dental scaling. Provides a mobile app to manage claims and reimbursements, plus 24/7 veterinary emergency phone assistance guiding policyholders to the nearest clinic.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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Facile.it
HQ: Italy
Website
- Description: Provider of an online platform to compare prices and services across insurance, mortgages, loans, banking, energy, and telecom. Offers comparisons for car, motorcycle, truck, home, life, travel, and professional liability insurance; personal and salary-backed loans; first-home and refinancing mortgages; electricity, gas, and internet; long-term car rental with insurance; and in-store consulting across Italy.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
View full Facile.it company profile β
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Metromile
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Buyer group 1: ββββββββ ββββββββ
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Key Products: ββββββββ, ββββββββ, ββββββββ, ββββββββ
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Buyer group 2: ββββββββ ββββββββ
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Key Products: ββββββββ, ββββββββ, ββββββββ, ββββββββ
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Buyer group 3: ββββββββ ββββββββ
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Metromile
2.2 - Growth funds investing in similar companies to Metromile
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4 - Top valuation comps for Metromile
4.2 - Public trading comparable groups for Metromile
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