Pie Insurance is leveraging technology to transform how small businesses buy and experience commercial insurance, with the goal of making it affordable.
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Washington, DC – April 9, 2021 –
Cooley advised Pie Insurance, an insurtech specializing in
workers compensation insurance for small businesses, on its
$118 million Series C financing round, which brings the
company s total equity funding raised to more than $300
million. Partner Derek Colla led the Cooley team advising Pie.
Allianz X and Acrew Capital co-led the round, which also
included participation from existing investors Greycroft, SVB
Capital, SiriusPoint, Elefund and Moxley Holdings. Pie will use the
new capital to invest further in technology and automation, as well
as to grow its core workers compensation insurance business