Pie Insurance Gets $118 Million In Funding For SMBs

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Pie Insurance is an employee remuneration reimbursement firm that provides small business owners workers’ remuneration insurance through a simple online perception.

Insurance smbs 118m Series 127m Series

Pie Insurance is an organization that specializes in small company liability coverage. The venture that provides workers’ liability insurance to smaller firms recently started a $118 million Series C round of financing.

The firm sells A.M. Best A-rated compensation and uses predictive analytics, simple online attributes, and a skilled group of public liability experts to revolutionize laborers’ compensation for business owners. The firm recently announced the completion of a $118 million Series C round of financing as per seriesazevedotechcrunch.

Pie’s Previous Funding

Pie Insurance has established $621 million in financing over six rounds. Their most recent revenue comes from a Series D session on September 21, 2022. 

16 investors have attributed to the funding of Pie Insurance. The most notable shareholders are Greycroft and White Mountains Insurance Agency.

As per PrivCo, Pie Insurance has a post-money capitalization of $500M to $1B as of March 25, 2021. On August 25, 2021, Pie Insurance purchased Western Select Insurance Company.

About Pie Insurance

Pie Insurance was originally established on 1st May 2017  by Dax Craig and John Swigart. The business’s main offices are in the Washington DC Metro Area, southern US. The company is still in operation, and its most recent round of financing was Series D.

The corporation’s lawful title is Pie Insurance Holdings, Inc., and its type of business entity is For Profit. The company focuses on Financial Services, Insurance, InsurTech, and Small and Medium Businesses. 

Pie uses comprehensive, high-quality data sources to sequence and values small business policy initiatives, precisely considering the risk and transferring earnings to owners of smaller businesses.

It plans to use the finances to expand and grow its proposal to entrepreneurs, as well as to undertake growth strategies to form and acquire licensed insurance providers. Pie has completely overhauled the reimbursement process, from quotation to claim.

Now, even the busiest proprietors of small businesses can get a quotation in three minutes and get back to their jobs. Finally, obtaining workers’ compensation is a piece of cake. Everyone benefits in this manner. Smaller firms across the country may now save up to 30% on workers’ compensation insurance.

Pie Insurance Services – Cyber Insurance And Many More

Cyber insurance safeguards smaller firms from the expenses of losses, obligation, and restoration in the circumstance that a firm’s computer network or digital information is impeded.

This kind of coverage, also referred to as online insurance coverage, vulnerability premiums, or information security pensions, defends small businesses, their personnel, and their consumers from hacker groups and other electronic risks.

Errors and omissions reimbursement, also known as liability insurance, protects your small company from claimants filed by clients, consumers, or other companies who assume they have been harmed as a consequence of guidance or assistance provided by your firm.

General liability insurance shields small businesses from estate loss and physical harm claimants. Also known as advertising liability insurance or corporate general liability.

Insurance SMBs $ 118M Series $ 127M Series

The startup, which utilizes information and analytics to provide SMBs with a virtual and more affordable insurance program, has witnessed its earnings increase by 150% since raising $127 million in a Series B outgrowth last May. Its staff numbers have also increased, from 140 to 260 this year.

The company intends to use its financial money to further engage in increased automation, in addition to expanding its core workers’ compensation financial sector.

Conclusion

Pie Insurance is a great option for small businesses looking for liability coverage. The company has a strong track record of securing financing, and its recent $118 million Series C round of financing shows that it is continuing to attract interest from investors.

Pie Insurance’s commitment to innovation has led to the development of new products, such as cyber insurance, which helps protect businesses from the costs associated with data breaches.

With its strong financial backing and innovative product offerings, Pie Insurance is well-positioned to continue helping small businesses protect themselves from liability claims.

FAQs

What is Pie Insurance?

Pie Insurance is an organization that specializes in small company liability coverage.

Who established the firm?

Pie Insurance was originally established on 1st May 2017  by Dax Craig, John Swigart.

What does the company focus on?

The company focuses on Financial Services, Insurance, InsurTech, and Small and Medium Businesses.

What does Pie use?

Pie uses comprehensive, high-quality data sources to sequence and values small business policy initiatives, precisely considering the risk and transferring earnings to owners of smaller businesses.

How much has Pie raised to date?

Pie Insurance has established $621 million in financing over six rounds.

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