About Pie Insurance
Pie Insurance is a company founded in 2017 by John Swigart and Dax Craig.. Pie Insurance has raised $625.3 million across 7 funding rounds from investors including SVB, Sirius Group and SiriusPoint. The company has 337 employees as of December 31, 2022. Pie Insurance offers products and services including Workers' Comp, Commercial Auto, Business Owner’s Policy, and General Liability. Pie Insurance operates in a competitive market with competitors including CompScience, Kinetic, Asteya, Glow and Breeze, among others.
- Employees 337 as on 31 Dec, 2022
- Founders John Swigart, Dax Craig
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pie Insurance Services, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$625.3 M (USD)
in 7 rounds
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Latest Funding Round
$315 M (USD), Series D
Sep 21, 2022
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Investors
SVB
& 13 more
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Employee Count
337
as on Dec 31, 2022
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Products & Services of Pie Insurance
Pie Insurance offers a comprehensive portfolio of products and services, including Workers' Comp, Commercial Auto, Business Owner’s Policy, and General Liability. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides protection for workplace injuries and illnesses for employees.
Offers coverage for business vehicles and related liabilities.
Combines general liability and property insurance for small businesses.
Protects against third-party claims for bodily injury or property damage.
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Funding Insights of Pie Insurance
Pie Insurance has successfully raised a total of $625.3M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $315 million completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series D — $315.0M
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First Round
First Round
(04 Oct 2017)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series D - Pie Insurance | Valuation | Centerbridge Partners , Allianz X | |
| Mar, 2021 | Amount | Series C - Pie Insurance | Valuation | Allianz X , Acrew Capital | |
| May, 2020 | Amount | Series B - Pie Insurance | Valuation | Gallatin Point Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pie Insurance
Pie Insurance has secured backing from 14 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, Sirius Group and SiriusPoint. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Centerbridge Partners is engaged in alternative investment management.
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Founded Year | Domain | Location | |
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Startups are funded via venture capital by Allianz-backed Allianz X.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward financial institutions and services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pie Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pie Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pie Insurance Comparisons
Competitors of Pie Insurance
Pie Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CompScience, Kinetic, Asteya, Glow and Breeze, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Insurance policy suite solutions are provided for workplace safety.
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| domain | founded_year | HQ Location |
Tech-driven programs for reducing workplace injuries are offered.
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| domain | founded_year | HQ Location |
Provider of income insurance policies for individuals unable to work.
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| domain | founded_year | HQ Location |
Insurance solutions for small businesses are provided by Glow.
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| domain | founded_year | HQ Location |
Disability insurance is offered via an internet-first platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pie Insurance
Frequently Asked Questions about Pie Insurance
When was Pie Insurance founded?
Pie Insurance was founded in 2017.
Who is the current CEO of Pie Insurance?
John Swigart is the current CEO of Pie Insurance. They have also founded this company.
Is Pie Insurance a funded company?
Pie Insurance is a funded company, having raised a total of $625.3M across 7 funding rounds to date. The company's 1st funding round was a Series B of $127M, raised on Oct 04, 2017.
How many employees does Pie Insurance have?
As of Dec 31, 2022, the latest employee count at Pie Insurance is 337.
What does Pie Insurance do?
An online platform for workers compensation insurance was established in 2017, targeting small businesses in the insurance sector. Quotes are generated for coverages such as commercial auto, cyber liability, errors and omissions, general liability, and professional liability. Coverage is extended to industries including construction, restaurants, manufacturing, retail, and healthcare, with operations focused on streamlined digital access.
Who are the top competitors of Pie Insurance?
Pie Insurance's top competitors include Kinetic, CompScience and Insurate.
What products or services does Pie Insurance offer?
Pie Insurance offers Workers' Comp, Commercial Auto, Business Owner’s Policy, and General Liability.
Who are Pie Insurance's investors?
Pie Insurance has 14 investors. Key investors include SVB, Sirius Group, SiriusPoint, White Mountains, and Centerbridge Partners.
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