In this Wednesday, Aug. 19, 2015 photo, the Metromile Pulse device is shown at an office in San Francisco. San Francisco startup MetroMile sells car insurance on a pay-per-mile basis, using a similar device to verify the miles driven. (AP Photo/Jeff Chiu)

(Bloomberg) – Fueled with $191.5 million from billionaire Mark Cuban and other investors, Metromile Inc. is now poised to complete its journey as a full-service car insurance company.

The startup Wednesday said it had acquired Mosaic Insurance Inc. — a $22 million purchase that includes Mosaic’s licenses in 50 states.

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