What is Pie Insurance?
Pie Insurance is an insurtech innovator dedicated to simplifying the commercial insurance experience for small businesses. By leveraging granular data analytics and advanced risk assessment models, the company provides affordable, accessible coverage tailored to the specific needs of diverse business types. Since its inception in 2017, Pie has successfully bridged the gap between complex insurance products and the digital-first expectations of modern entrepreneurs, effectively partnering with over 1,000 agencies nationwide to expand its market footprint.
How much funding has Pie Insurance raised?
Pie Insurance has raised a total of $616M across 5 funding rounds:
Series A
$11M
Series B
$45M
Other Financing Round
$127M
Series C
$118M
Series D
$315M
Series A (2018): $11M with participation from Aspect Ventures, Elefund, Greycroft Partners, Moxley Holdings, and Sirius Group
Series B (2019): $45M led by Greycroft Partners, Sirius Group, Aspect Ventures, SVB Capital, Moxley Holdings, and Elefund
Other Financing Round (2020): $127M supported by Gallatin Point Capital, Aspect Ventures, Greycroft Partners, Sirius International Insurance Group, SVB Capital, and Elefund
Series C (2021): $118M featuring SVB Capital, SiriusPoint Ltd, Acrew Capital, Allianz X GmbH, Greycroft Partners, and Elefund Capital
Series D (2022): $315M backed by White Mountains Insurance Group, Centerbridge Partners, Allianz X, and Gallatin Point Capital
Key Investors in Pie Insurance
White Mountains Insurance Group
A diversified insurance and financial services holding company that focuses on long-term value creation through disciplined capital allocation and strategic stewardship.
Centerbridge Partners
A private investment management firm that employs a cross-asset approach, specializing in private equity, credit, and real estate strategies.
Allianz X
The strategic growth investment arm of Allianz Group, dedicated to fostering transformative collaborations with high-potential companies in the financial services and insurtech sectors.
What's next for Pie Insurance?
With the successful completion of its latest financing round, Pie Insurance is well-positioned to accelerate its growth strategy and deepen its penetration into the small business insurance market. The company is expected to prioritize the refinement of its pricing algorithms and the expansion of its digital distribution channels. By maintaining a focus on operational excellence and prudent risk management, Pie aims to further solidify its competitive advantage, potentially exploring new product lines or geographic expansion to sustain its upward momentum in the insurtech landscape.
See full Pie Insurance company page
