Insurtech Startup Pie Insurance Raises $45 Million in Series B

Pie Insurance closed a $45 million Series B funding round featuring SVB Capital, Sirius Group, Greycroft, Moxley Holdings, Aspect Ventures, and Elefund. To date, Pie has raised $61 million to fund its approach toward workers’ compensation insurance for small businesses.

Founded in 2017, Pie is available in 19 states covering sixty percent of the US workers’ compensation market. The company plans to use the funds to expand geographically and add new distribution sources.