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
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- Legal Name Pier Seguradora S.A.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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Products & Services of Pier
Pier offers a comprehensive portfolio of products and services, including Seguro Celular and Seguro Auto.
Insurance against theft and robbery for mobile devices.
Comprehensive car insurance covering theft and damages.
People of Pier
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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.
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.
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A networking platform is provided for founders and investors.
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Sectors like ad tech, food tech, logistics, services are targeted.
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Asset management, investment banking, and wealth management services are provided.
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Investor details for Pier
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Investments & Acquisitions by Pier
Investment portfolio details for Pier
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Financial Statements - Pier
Detailed financials for Pier
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Pier Comparisons
Peer comparison for Pier
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Insurance solutions for early-stage and high-growth companies are provided by Vouch.
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Auto and home insurance solutions are provided by Branch.
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Online comparison platform for property & casualty insurance
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Renters insurance is provided through a cooperative member dividend model.
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Platform for insuring valuables
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Detailed competitors of Pier
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Pier
Complete news archive for Pier
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Frequently Asked Questions about Pier
Pier was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Pier is headquartered in United States.
Igor Mascarenhas is the current CEO of Pier. They have also founded this company.
Pier is a funded company, having raised a total of $50.51M across 4 funding rounds to date.
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.
Pier's top competitors include Branch, Vouch and Bamboo Insurance.
Pier offers Seguro Celular and Seguro Auto.
Pier has 4 investors. Key investors include MercadoLibre, BTG Pactual, Canary, and Monashees.