The workers compensation provider completed a series C round co-led by Allianz X and backed by existing investor SiriusPoint.

Insurance group Allianz has co-led a $118m series C round for US-based workers’ compensation insurance Pie Insurance with venture capital firm Acrew Capital through its digital investment arm, Allianz X.

SiriusPoint, the reinsurance provider formed through the merger of Third Point Reinsurance and existing Pie investor Sirius Group, also contributed to the round, as did Greycroft, SVB Capital Elefund and Moxley Holdings.

Pie offers workers’ comp insurance to small businesses through an online platform that uses advanced data analytics technology…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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