Pie Insurance

company

About

Pie Insurance is an insurance company specializing in small business.

Details

Last Funding Type
Series B
Last Funding Money Raised
$45M
Industries
Financial Services,Insurance,InsurTech,Small and Medium Businesses
Founded date
May 1, 2017
Number Of Employee
251 - 500
Operating Status
Active
Legal Name
Pie Insurance Holdings, Inc.
Also Known As
Pie

Pie Insurance is a workers’ compensation insurance company that provides workers’ comp coverage to small businesses through a simple online experience. The company offering A.M. Best A-rated insurance that leverages data analytics, easy-to-use online features, and a seasoned team of insurance experts to revolutionize workers’ comp for small businesses.

As a technology-enabled workers’ compensation insurance company, Pie leverages extensive, high-quality data sets to segment and price small business policies, accurately assessing risks and passing savings on to small business owners. It intends to use the funds for the continued growth and expansion of its offering to small business owners and conduct strategic initiatives to form and purchase licensed insurance companies.

Pie began selling workers comp insurance policies direct to customers in 2018. The company is led by co-founder and CEO John Swigart.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
7
$632M
Pie Insurance has raised a total of $632M in funding over 2 rounds. Their latest funding was raised on Sep 21, 2022 from a Series D round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 21, 2022 Series D $315M 6 Allianz X
Centerbridge Partners
Detail
Mar 25, 2021 Series C $118M 7 Acrew Capital
Allianz X
Detail
May 28, 2020 Series B $127M 7 Gallatin Point Capital Detail
Mar 5, 2019 Series B $45M 7 SVB Capital Detail
Jun 18, 2018 Series A $11M 8 Greycroft Detail

Investors

Number of Lead Investors
Number of Investors
7
17
Pie Insurance is funded by 17 investors. Allianz X and Centerbridge Partners are the most recent investors.
Investor Name Lead Investor Funding Round
Allianz X Yes Series D
Centerbridge Partners Yes Series D
Acrew Capital Series D
Gallatin Point Capital Series D
Greycroft Series D
White Mountains Insurance Group Series D
Echelon Series C
Elefund Series C
SiriusPoint Series C
SVB Capital Series C

Employee Profiles

Number of Employee Profiles
18
Pie Insurance has 18 current employee profiles, including Executive Adam Jones
Executive
Employee
Executive
Employee
Executive

Acquisition

Pie Insurance has acquired 1 organizations. Their most recent acquisition was Western Select Insurance Company on Aug 25, 2021. They acquired Western Select Insurance Company for 0.

Date Company Name
Industry Acquisition Type Price
Insurance acquisition Detail