Insurtech Coterie, which specialises in insurance for small businesses, has secured a substantial $27 mn in funding during a post-Series B round.
The funding round was oversubscribed, indicating strong investor interest in the company’s offerings
Insurance giant Hiscox has backed Coterie in this funding round, alongside continued support from existing investors such as Intact Ventures and Weatherford Capital.
In 2021, the insurtech announced the completion of a $50 mn Series B financing round led by Weatherford Capital alongside existing investors RPM Ventures, Intact Ventures, Group 1001, and Alpha Edison.
The new investment is poised to fuel Coterie’s growth and innovation in the insurtech sector, further enhancing its ability to serve small businesses with tailored insurance solutions.
Coterie Insurance operates in all 50 states and D.C. where it enables independent agents and brokers to write instant small business insurance.
Powered by data-backed underwriting, Coterie delivers accurate pricing and a submission-to-bind experience in less than one minute. Coterie makes the buying and selling of small business insurance effortless.
by Peter Sonner
