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Pay-per-mile insurance startup Metromile raises $191.5M, acquires Mosaic Insurance | TechCrunch

Metromile, the provider that lets you pay-per-mile for insurance, said that it has raised a whopping $191.5 million in funding — “primarily equity”, according to CEO Dan Preston. Metromile will use the money to acquire an insurance carrier called Mosaic Insurance to handle the underwriting of its policies itself; as well as to expand new states in the U.S. […]

Metromile, the provider that lets you pay-per-mile for insurance, said that it has raised a whopping $191.5 million in funding — “primarily equity”, according to CEO Dan Preston. Metromile will use the money to acquire an insurance carrier called Mosaic Insurance to handle the underwriting of its policies itself; as well as to expand new states in the U.S. and continue building its platform.

Source: Pay-per-mile insurance startup Metromile raises $191.5M, acquires Mosaic Insurance | TechCrunch

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