Coterie Insurance, a Cincinnati, OH – based insurtech company for small business, completed a $50m Series B financing.
The round, which brought total funding raised to date to $75m since its founding in 2018, was led by Weatherford Capital with participation from existing investors RPM Ventures, Intact Ventures, Group 1001, and Alpha Edison.
The company intends to use the funds to expand operations and its business reach.
Led by David McFarland, Co-Founder and CEO, Coterie Insurance combines insurance expertise and innovative data analytics to simplify small business insurance. By enabling the quoting and binding of policies online, Coterie delivers coverage and a streamlined experience. and agents and brokers can simplify and digitize their operations to serve small businesses. Digital insurance platforms are able to leverage Coterie’s APIs to further streamline the quoting and binding experience.