Odds and Ends 

A new unicorn is born: Root Insurance raises $100 million for a $1 billion valuation

Root Insurance, an Ohio-based car insurance startup with a tech twist, said Wednesday it has raised $100 million in a Series D funding round led by Tiger Global Management, pushing the company’s valuation to $1 billion.  Redpoint Ventures, Ribbit Capital and Scale Venture Partners all participated as follow-on investors in this latest round. The car insurance company, founded in 2015, plans to use the funds to expand into existing markets and make inroads into new states, as well as hire more employees such as engineers, actuaries, claims and customer service to…

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Odds and Ends 

Kids gaming platform Roblox raises $150M

Roblox, which allows kids to create 3D worlds and games, has raised an additional $150 million in funding. The company didn’t disclose its valuation in the announcement, but a source with knowledge of the deal told us that it valued Roblox at more than $2.5 billion — the price that Microsoft paid to acquire Minecraft four years ago. “This is a big year for us that fortifies the dream,” said co-founder and CEO David Baszucki . Earlier this year, Roblox announced that it had become cash-flow positive, and Baszucki told…

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