Existing investor Sirius was among the investors as the worker's compensation provider received a total of $127m, with $100m allocated to the launch of an affiliate called Pie Carrier.
US-based worker’s compensation insurance provider Pie Insurance completed a $127m funding round backed by insurance provider Sirius Group yesterday.
The round also featured SVB Capital, a subsidiary of venture debt provider Silicon Valley Bank, in addition to investment firm Gallatin Point Capital and venture capital fund Elefund and VC firms Greycroft and Aspect Ventures.
Pie offers workers’ compensation insurance both directly and through thousands of independent agents. The policies are specifically aimed at small businesses and are currently available in…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
