Business insurance startup Pie Insurance has now raised a total of $16m, having received series A funding from backers including Sirius Group.

Pie Insurance, a US-based worker’s compensation insurance provider, has secured $11m in a series A round backed by insurance firm Sirius Group.

Greycroft led the round, which included contributions from fellow venture capital firms Aspect Ventures, Moxley Holdings and Elefund.

Pie offers worker’s compensation insurance to businesses, and in particular small and medium-sized operations. The company, which was founded in May 2017 and is currently operational in eight US states, will use the capital to expand into additional domestic markets.

…