Less than six months after raising $4.3 million through its seed round led by Sirius Group, Moxley holdings and Elefund, insurtech startup Pie Insurance, an insurtech offering workers’ compensation insurance to small and medium-sized enterprises (SMEs), has raised $45m in series B funding, less than six months after picking up $4.3m in seed funding. Moxley Holdings, Elefund, SVB Capital, Sirius Group, Greycroft and Aspect Ventures participated in the round. The insurtech has reported a total of $61m in funding since it was founded in 2017. “Insurance is one of those industries that are very difficult for startups because it’s so expensive to get off the ground,” said co-founder and CEO John Mooney.
Pie Insurance, an insurtech offering workers’ compensation insurance to small and medium-sized enterprises (SMEs), has raised $45m in series B funding, less than six months after picking up $4.3m in seed funding. Moxley Holdings, Elefund, SVB Capital, Sirius Group, Greycroft and Aspect Ventures participated in the round. The insurtech has reported a total of $61m in funding since it was founded in 2017. “Insurance is one of those industries that are very difficult for startups because it’s so expensive to get off the ground,” said co-founder and CEO John Mooney.