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SMB-focused Pie Insurance raises $315M Series D

September 21, 2022

Pie Insurance, which provides workers’ compensation insurance to small businesses, has closed on a $315 million Series D round of funding.

In 2021, the size of this round wouldn’t have turned heads. But in today’s environment, where investors are pulling back and venture funding has slowed considerably, a $315 million raise stands out.

The financing more than doubles Pie’s total capital raised since its 2017 inception to over $615 million. The company claims that it is the largest funding round for any U.S.-based P&C (Property & Casualty) insurtech company this year. But that has not been verified independently by TechCrunch.

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