About Pier
Pier is a company based in United States founded in 2018 by Igor Mascarenhas and Rafael Oliveira. It operates as a InsurTech, and Subscription Services. Pier has raised $50.51 million across 4 funding rounds from investors including MercadoLibre, BTG Pactual and Canary. Pier offers products and services including Seguro Celular and Seguro Auto. Pier operates in a competitive market with competitors including Vouch, Branch, Bamboo Insurance, Goodcover and Wax Collect, among others.
- Headquarter United States
- Founders Igor Mascarenhas, Rafael Oliveira
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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 Pier Seguradora S.A.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50.51 M (USD)
in 4 rounds
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Latest Funding Round
$8.42 M (USD), Series B
May 31, 2022
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Investors
MercadoLibre
& 3 more
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Employee Count
Employee Count
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Products & Services of Pier
Pier offers a comprehensive portfolio of products and services, including Seguro Celular and Seguro Auto. 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.
Insurance against theft and robbery for mobile devices.
Comprehensive car insurance covering theft and damages.
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Funding Insights of Pier
Pier has successfully raised a total of $50.51M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $8.42 million completed in May 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 4
- Last Round Series B — $8.4M
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First Round
First Round
(21 May 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series B - Pier | Valuation |
investors |
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| Sep, 2021 | Amount | Series B - Pier | Valuation |
investors |
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| Nov, 2020 | Amount | Series A - Pier | Valuation | Monashees |
| 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 Pier
Pier has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include MercadoLibre, BTG Pactual and Canary. 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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A networking platform is provided for founders and investors.
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Founded Year | Domain | Location | |
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Sectors like ad tech, food tech, logistics, services are targeted.
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Founded Year | Domain | Location | |
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Asset management, investment banking, and wealth management services are provided.
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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 Pier
| 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 - Pier
| 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 |
Pier Comparisons
Competitors of Pier
Pier 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 Vouch, Branch, Bamboo Insurance, Goodcover and Wax Collect, 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 solutions for early-stage and high-growth companies are provided by Vouch.
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| domain | founded_year | HQ Location |
Auto and home insurance solutions are provided by Branch.
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| domain | founded_year | HQ Location |
Online comparison platform for property & casualty insurance
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| domain | founded_year | HQ Location |
Renters insurance is provided through a cooperative member dividend model.
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| domain | founded_year | HQ Location |
Platform for insuring valuables
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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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Frequently Asked Questions about Pier
When was Pier founded?
Pier was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Pier located?
Pier is headquartered in United States.
Who is the current CEO of Pier?
Igor Mascarenhas is the current CEO of Pier. They have also founded this company.
Is Pier a funded company?
Pier is a funded company, having raised a total of $50.51M across 4 funding rounds to date. The company's 1st funding round was a Series A of $14.5M, raised on May 21, 2019.
What does Pier do?
Pier is established as the first digital insurer in Brazil, focusing on providing a seamless and bureaucracy-free insurance experience. Services are offered in the sectors of mobile and auto insurance, covering theft, robbery, and damages. Solutions are managed through a user-friendly app, ensuring transparency and quick support. Community trust is emphasized, with a commitment to fast reimbursements and personalized customer care.
Who are the top competitors of Pier?
Pier's top competitors include Branch, Vouch and Bamboo Insurance.
What products or services does Pier offer?
Pier offers Seguro Celular and Seguro Auto.
Who are Pier's investors?
Pier has 4 investors. Key investors include MercadoLibre, BTG Pactual, Canary, and Monashees.
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