<SEC-DOCUMENT>0001172661-25-001351.txt : 20250306
<SEC-HEADER>0001172661-25-001351.hdr.sgml : 20250306
<ACCEPTANCE-DATETIME>20250306135408
ACCESSION NUMBER:		0001172661-25-001351
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250306
DATE AS OF CHANGE:		20250306

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Root, Inc.
		CENTRAL INDEX KEY:			0001788882
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				842717903
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-91816
		FILM NUMBER:		25714604

	BUSINESS ADDRESS:	
		STREET 1:		80 E RICH STREET
		STREET 2:		SUITE 500
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43215
		BUSINESS PHONE:		(614) 591-4568

	MAIL ADDRESS:	
		STREET 1:		80 E RICH STREET
		STREET 2:		SUITE 500
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43215

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Root Stockholdings, Inc.
		DATE OF NAME CHANGE:	20190919

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SVB Capital Management, LLC
		CENTRAL INDEX KEY:			0002011811
		ORGANIZATION NAME:           	
		IRS NUMBER:				923286102
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		2770 SAND HILL ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
		BUSINESS PHONE:		6505190540

	MAIL ADDRESS:	
		STREET 1:		2770 SAND HILL ROAD
		CITY:			MENLO PARK
		STATE:			CA
		ZIP:			94025
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001193125-24-034974</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: SVB Capital Management, LLC -->
          <cik>0002011811</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Class A Common Stock, par value $0.0001 per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>02/28/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001788882</issuerCik>
        <issuerName>Root, Inc.</issuerName>
        <issuerCusip>77664L108</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>80 E RICH STREET</com:street1>
          <com:street2>SUITE 500</com:street2>
          <com:city>COLUMBUS</com:city>
          <com:stateOrCountry>OH</com:stateOrCountry>
          <com:zipCode>43215</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>SVB Capital Management, LLC</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>527012.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>0.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>4.71</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Root, Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>80 E. Rich Street, Suite 500, Columbus, Ohio 43215</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>SVB Capital Management, LLC</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>2770 Sand Hill Road, Menlo Park, California 94025</principalBusinessOfficeOrResidenceAddress>
        <citizenship>SVB Capital Management, LLC is a citizen of Delaware.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>527012</amountBeneficiallyOwned>
        <classPercent>4.71</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>0</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>0</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>527012</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>N</notApplicableFlag>
        <classOwnership5PercentOrLess>Y</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>N</notApplicableFlag>
        <ownershipMoreThan5PercentOnBehalfOfAnotherPerson>SVB Capital Management, LLC has an advisory agreement with the Funds and may be deemed the beneficial owner of the shares directly held by  the Funds. SVB Capital Management, LLC does not otherwise beneficially own any shares in Root, Inc.</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <exhibitInfo>Item 4:
Consists of 371,012 shares of Class A Common Stock held by Capital Partners III, L.P. and 156,000 shares Class A Common Stock held by Venture Overage Fund, L.P (such entities, collectively, the "Funds"). SVB Capital Management, LLC has an advisory agreement with the Funds and may be deemed the beneficial owner of the shares directly held by the Funds. SVB Capital Management, LLC does not otherwise beneficially own any shares in Root, Inc.

Based on 11,200,000 shares of Class A Common Stock outstanding as of February 19, 2025, as reported in the Issuer's Form 10-K filed with the Securities and Exchange Commission ("SEC") on February 26, 2025.</exhibitInfo>
    <signatureInformation>
      <reportingPersonName>SVB Capital Management, LLC</reportingPersonName>
      <signatureDetails>
        <signature>Jillana Downing</signature>
        <title>Jillana Downing | Authorized Signatory</title>
        <date>03/06/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
