Pie Insurance, a Washington, DC-based insurtech startup, completed a $45M Series B funding.
Backers included SVB Capital, Sirius Group, Greycroft, Moxley Holdings, Aspect Ventures, and Elefund.
The company, which has raised $61m in total funding, use the funds to expand geographically, add new distribution sources, and continue to make the experience easy for its customers.
Led by Co-Founder and CEO John Swigart, Pie Insurance provides workers’ compensation insurance directly to small businesses at www.pieinsurance.com. The company began offering workers’ compensation insurance policies in 2018 to serve small businesses to experience savings and a superior level of service.
Pie operates as a managing general agency for Sirius America Insurance Company, a subsidiary of Sirius Group (NASDAQ: SG), offering its services in 19 states.