Pie Insurance Raises $45 Million in Series B Funding Round

Pie Insurance, which sells workers’ compensation policies online directly to small businesses, has completed a $45 million funding round, the company announced Tuesday. Investors participating in the Series B funding round included SVB Capital, Sirius Group, Greycroft, Moxley Holdings, Aspect Ventures and Elefund. Pie has raised $61 million to date. The company plans to use the funds to expand geographically and add new distribution sources. Pie is now available in 19 states covering more than 60% of the U.S. workers’ compensation market and expects to expand nationally by t...