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Pie Insurance valuation, funding and investors

pieinsurance.com ↗LinkedIn ↗

Pie Insurance works in small business insurance solutions, based in Draper, United States. Founded in 2017, it has about 376 employees.

Insurance - Agents, Carriers & Brokers Draper Series D
VALUATION · TODAY
$1.96B −12% after Series D
Range $253M – $5.02B · Grade D
TODAY
+12 MO
$2.00B
$4.00B
$6.00B
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Series A $11.0M
Series B $45.0M
Series C $118M
Series D $315M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY376 employees
−14%6m growth
−9%1y growth
−15%2y growth
200
400
600
Data from Jan 2021
TODAY
Predicted in 1 yr $1.72B −12% vs today
Predicted next raise $425M if a round comes
Winding-down probability 24%
Last round
Series D · $315M · Sep 2022
Valuation at last round
$2.97B · implied
Headcount
376 · flat
Grade
D
Founded
2017
How VCMC values companies →

Pie Insurance valuation today

VCMC values Pie Insurance at $2.0B today, with a range of $253M to $5.0B and a grade of D. The valuation starts from its last funding round, a Series D round in Sep 2022.

Valuation by date (123 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Pie Insurance: valuation by date, as the model would have shown it on each date
DateValuationRangePredicted in 1 yrPhaseHeadcountTrendGradeWinding-down probability
1 Jan 2017$8.37M$3.05M – $23.0M$11.5M (+37%)before first round–unknownD0%
1 Feb 2017$8.60M$3.13M – $23.6M$11.8M (+37%)before first round–unknownD0%
1 Mar 2017$8.81M$3.21M – $24.2M$12.1M (+37%)before first round–unknownD0%
1 Apr 2017$9.05M$3.29M – $24.9M$12.4M (+37%)before first round–unknownD0%
1 May 2017$9.29M$3.38M – $25.5M$12.7M (+37%)before first round–unknownD0%
1 Jun 2017$9.54M$3.47M – $26.2M$13.1M (+37%)before first round–unknownD0%
1 Jul 2017$9.79M$3.56M – $26.9M$13.4M (+37%)before first round–unknownD0%
1 Aug 2017$10.1M$3.66M – $27.6M$13.8M (+37%)before first round–unknownD0%
1 Sep 2017$10.3M$3.76M – $28.4M$14.2M (+37%)before first round–unknownD0%
1 Oct 2017$10.6M$3.86M – $29.1M$14.5M (+37%)before first round–unknownD0%
1 Nov 2017$10.9M$3.96M – $29.9M$14.9M (+37%)before first round–unknownD0%
1 Dec 2017$11.2M$4.07M – $30.7M$15.3M (+37%)before first round–unknownD0%
1 Jan 2018$11.5M$4.18M – $31.5M$15.7M (+37%)before first round–unknownD0%
1 Feb 2018$11.8M$4.29M – $32.4M$16.2M (+37%)before first round–unknownD0%
1 Mar 2018$12.1M$4.40M – $33.2M$16.6M (+37%)before first round–unknownD0%
1 Apr 2018$12.4M$4.52M – $34.1M$17.0M (+37%)before first round–unknownD0%
1 May 2018$12.7M$4.64M – $35.0M$17.5M (+37%)before first round–unknownD0%
1 Jun 2018$13.1M$4.76M – $35.9M$17.9M (+37%)before first round–unknownD0%
1 Jul 2018$61.1M$40.2M – $167M$110M (+80%)after a round–unknownC0%
2 Jul 2018$61.2M$40.2M – $167M$110M (+80%)after a round–unknownC0%
1 Aug 2018$64.2M$40.2M – $167M$110M (+71%)after a round–unknownC0%
1 Sep 2018$67.5M$40.2M – $167M$110M (+63%)after a round–unknownC0%
1 Oct 2018$70.9M$40.2M – $167M$110M (+55%)after a round–unknownC0%
1 Nov 2018$74.5M$40.2M – $167M$110M (+48%)after a round–unknownC0%
1 Dec 2018$78.2M$40.2M – $167M$110M (+41%)after a round–unknownC0%
1 Jan 2019$82.2M$40.2M – $167M$110M (+34%)after a round–unknownC0%
1 Feb 2019$86.4M$40.2M – $167M$110M (+27%)after a round–unknownC0%
1 Mar 2019$90.4M$40.2M – $167M$110M (+22%)after a round–unknownC0%
6 Mar 2019$212M$150M – $452M$318M (+50%)after a round–unknownB0%
1 Apr 2019$219M$150M – $452M$318M (+46%)after a round–unknownB0%
1 May 2019$226M$150M – $452M$318M (+41%)after a round–unknownB0%
1 Jun 2019$234M$150M – $452M$318M (+36%)after a round–unknownB0%
1 Jul 2019$242M$150M – $452M$318M (+32%)after a round–unknownB0%
1 Aug 2019$250M$150M – $452M$318M (+27%)after a round–unknownB0%
1 Sep 2019$259M$150M – $452M$318M (+23%)after a round–unknownB0%
1 Oct 2019$268M$150M – $452M$318M (+19%)after a round–unknownB0%
1 Nov 2019$277M$150M – $452M$318M (+15%)after a round–unknownB0%
1 Dec 2019$287M$150M – $452M$318M (+11%)after a round–unknownB0%
1 Jan 2020$297M$150M – $452M$318M (+7%)after a round–unknownB0%
1 Feb 2020$307M$150M – $452M$318M (+4%)after a round–unknownB0%
1 Mar 2020$317M$150M – $452M$318M (0%)after a round–unknownB0%
1 Apr 2020$318M$144M – $452M$318M (0%)after a round–unknownB0%
1 May 2020$318M$138M – $452M$318M (0%)after a round–unknownB0%
1 Jun 2020$318M$132M – $452M$318M (0%)after a round–unknownC0%
1 Jul 2020$318M$126M – $452M$318M (0%)after a round–unknownC0%
1 Aug 2020$318M$121M – $452M$318M (0%)after a round–unknownC0%
1 Sep 2020$318M$116M – $452M$318M (0%)after a round–unknownC0%
1 Oct 2020$318M$111M – $452M$318M (0%)after a round–unknownC0%
1 Nov 2020$318M$106M – $452M$318M (0%)after a round–unknownC0%
1 Dec 2020$318M$101M – $452M$318M (0%)after a round–unknownC0%
1 Jan 2021$318M$97.1M – $452M$318M (0%)after a round170unknownC0%
1 Feb 2021$318M$92.9M – $452M$318M (0%)after a round170unknownC0%
1 Mar 2021$318M$89.3M – $452M$318M (0%)after a round170unknownC0%
26 Mar 2021$887M$624M – $1.6B$1.2B (+30%)after a round170unknownB0%
1 Apr 2021$891M$624M – $1.6B$1.2B (+29%)after a round170flatB0%
1 May 2021$910M$624M – $1.6B$1.2B (+27%)after a round170flatB0%
1 Jun 2021$930M$624M – $1.6B$1.2B (+24%)after a round170flatB0%
1 Jul 2021$951M$624M – $1.6B$1.2B (+21%)after a round170flatB0%
1 Aug 2021$972M$624M – $1.6B$1.2B (+18%)after a round170flatB0%
1 Sep 2021$994M$624M – $1.6B$1.2B (+16%)after a round170flatB0%
1 Oct 2021$1.0B$624M – $1.6B$1.2B (+13%)after a round170flatB0%
1 Nov 2021$1.0B$624M – $1.6B$1.2B (+11%)after a round170flatB0%
1 Dec 2021$1.1B$624M – $1.6B$1.2B (+9%)after a round170flatB0%
1 Jan 2022$1.1B$624M – $1.6B$1.2B (+6%)after a round170flatB0%
1 Feb 2022$1.3B$723M – $1.9B$1.3B (+6%)after a round330growingB0%
1 Mar 2022$1.3B$723M – $1.9B$1.3B (+3%)after a round330growingB0%
1 Apr 2022$1.3B$723M – $1.9B$1.3B (0%)after a round330growingB0%
1 May 2022$1.3B$727M – $1.9B$1.3B (0%)after a round330growingB0%
1 Jun 2022$1.3B$731M – $1.9B$1.3B (0%)after a round330growingB0%
1 Jul 2022$1.3B$735M – $1.9B$1.3B (0%)after a round330growingB0%
1 Aug 2022$1.3B$740M – $1.9B$1.3B (0%)after a round330growingB0%
1 Sep 2022$3.0B$2.1B – $5.5B$3.9B (+30%)after a round330growingB0%
2 Sep 2022$3.0B$2.1B – $5.5B$3.9B (+30%)after a round330growingB0%
1 Oct 2022$3.0B$2.1B – $5.5B$3.9B (+27%)after a round330growingB0%
1 Nov 2022$3.1B$2.1B – $5.5B$3.9B (+24%)after a round330unknownB0%
1 Dec 2022$3.2B$2.1B – $5.5B$3.9B (+22%)after a round330unknownB0%
1 Jan 2023$3.2B$2.1B – $5.5B$3.9B (+19%)after a round330unknownB0%
1 Feb 2023$3.3B$2.1B – $5.5B$3.9B (+16%)after a round330unknownB0%
1 Mar 2023$3.4B$2.1B – $5.5B$3.9B (+14%)after a round330unknownB0%
1 Apr 2023$3.5B$2.1B – $5.5B$3.9B (+12%)after a round460growingB0%
1 May 2023$3.5B$2.1B – $5.5B$3.9B (+9%)after a round460growingB0%
1 Jun 2023$3.6B$2.1B – $5.5B$3.9B (+7%)after a round460growingB0%
1 Jul 2023$3.7B$2.1B – $5.5B$3.9B (+5%)after a round460growingB0%
1 Aug 2023$3.8B$2.1B – $5.5B$3.9B (+2%)after a round460growingB0%
1 Sep 2023$3.9B$2.1B – $5.5B$3.9B (0%)after a round460unknownB0%
1 Oct 2023$3.6B$2.0B – $5.2B$3.4B (-6%)after a round440flatB22%
1 Nov 2023$3.6B$1.9B – $5.2B$3.4B (-7%)after a round440flatB22%
1 Dec 2023$3.6B$1.8B – $5.2B$3.4B (-7%)after a round440flatB22%
1 Jan 2024$3.6B$1.7B – $5.2B$3.3B (-7%)after a round440flatB22%
1 Feb 2024$3.5B$1.7B – $5.2B$3.3B (-7%)after a round440flatB23%
1 Mar 2024$3.5B$1.6B – $5.2B$3.3B (-7%)after a round440flatB22%
1 Apr 2024$3.5B$1.5B – $5.3B$3.3B (-7%)after a round440flatC22%
1 May 2024$3.5B$1.4B – $5.3B$3.3B (-7%)after a round440flatC22%
1 Jun 2024$3.5B$1.4B – $5.3B$3.2B (-7%)after a round440flatC22%
1 Jul 2024$3.5B$1.3B – $5.3B$3.2B (-7%)after a round440flatC22%
1 Aug 2024$3.5B$1.3B – $5.3B$3.2B (-7%)after a round440flatC22%
1 Sep 2024$3.4B$1.1B – $5.3B$3.1B (-9%)after a round440flatC22%
1 Oct 2024$3.4B$1.1B – $5.3B$3.1B (-9%)after a round440flatC22%
1 Nov 2024$3.4B$1.0B – $5.4B$3.1B (-9%)after a round440flatC20%
1 Dec 2024$3.4B$988M – $5.4B$3.1B (-10%)after a round440flatC19%
1 Jan 2025$3.4B$939M – $5.4B$3.1B (-10%)after a round440flatC17%
1 Feb 2025$3.5B$893M – $5.4B$3.1B (-10%)after a round440flatC16%
1 Mar 2025$3.5B$852M – $5.4B$3.1B (-10%)after a round440flatC15%
1 Apr 2025$3.5B$810M – $5.4B$3.1B (-11%)after a round440flatC13%
1 May 2025$3.5B$771M – $5.4B$3.1B (-11%)after a round440flatC12%
1 Jun 2025$3.5B$733M – $5.5B$3.1B (-11%)after a round440flatD11%
1 Jul 2025$2.9B$698M – $5.4B$2.3B (-21%)after a round410flatD36%
1 Aug 2025$2.8B$663M – $5.5B$2.2B (-21%)after a round411flatD37%
1 Sep 2025$2.7B$630M – $5.5B$2.2B (-21%)after a round411flatD36%
1 Oct 2025$2.8B$600M – $5.4B$2.2B (-20%)after a round411flatD33%
1 Nov 2025$2.8B$570M – $5.4B$2.3B (-18%)after a round429flatD30%
1 Dec 2025$2.8B$543M – $5.4B$2.3B (-17%)after a round429flatD28%
1 Jan 2026$2.9B$516M – $5.4B$2.4B (-16%)after a round429flatD26%
1 Feb 2026$2.9B$490M – $5.3B$2.4B (-16%)after a round429flatD23%
1 Mar 2026$2.9B$468M – $5.3B$2.5B (-15%)after a round439flatD22%
1 Apr 2026$2.9B$445M – $5.3B$2.5B (-15%)after a round439flatD20%
1 May 2026$3.0B$423M – $5.3B$2.6B (-14%)after a round442flatD18%
1 Jun 2026$3.0B$402M – $5.2B$2.6B (-13%)after a round442flatD17%
1 Jul 2026$3.0B$383M – $5.2B$2.6B (-13%)after a round442flatD15%
1 Aug 2026$3.0B$364M – $5.1B$2.6B (-14%)after a round401flatD14%
1 Sep 2026$2.9B$346M – $5.1B$2.6B (-12%)after a round401flatD13%
1 Oct 2026$2.5B$329M – $5.0B$2.1B (-14%)after a round376flatD24%
24 Oct 2026$2.0B$253M – $5.0B$1.7B (-12%)after a round376flatD24%

Key facts about Pie Insurance

Founded
2017
Headquarters
Draper, United States
Employees
about 376 -9% in a year
Total raised
$489M
Funding rounds
4
Last round
Series D Sep 2022

Pie Insurance was founded in 2017 by Dax Craig and John Swigart.

Pie Insurance funding history

Pie Insurance has 4 funding rounds on record, from Jul 2018 to Sep 2022, $489M in total. None disclosed a valuation.

  1. Series D 1 Sep 2022

    Led by Centerbridge Partners, Allianz X; with White Mountains Insurance Group, Gallatin Point Capital, Greycroft, Acrew Capital.

    Sources: pieinsurance.com, pieinsurance.com, prnewswire.com and 5 more

    $315M

  2. Series C 25 Mar 2021

    Led by Allianz X, Acrew Capital; with Greycroft, SVB Capital, SiriusPoint, Elefund, Moxley Holdings.

    Sources: pieinsurance.com, cooley.com, allianz.com

    $118M

  3. Series B 5 Mar 2019

    With SVB Capital, Sirius Group, Greycroft, Moxley Holdings, Aspect Ventures, Elefund, Acrew Capital, Engineering Capital, True Ventures.

    Sources: pieinsurance.com, insurancenewsnet.com, insurancebusinessmag.com and 3 more

    $45M

  4. Series A 1 Jul 2018

    Led by Greycroft; with Aspect Ventures, Sirius Group, Moxley Holdings, Elefund.

    Sources: pieinsurance.com, pieinsurance.com, insurancejournal.com and 1 more

    $11M

Pie Insurance investors

14 investors have backed Pie Insurance; Greycroft, Acrew Capital and Allianz X and 1 more led at least one round.

  • Greycroft lead, 4 rounds
  • Allianz X lead, 2 rounds
  • Moxley Holdings 3 rounds
  • Sirius Group 3 rounds
  • SVB Capital 2 rounds
  • Gallatin Point Capital
  • SiriusPoint
  • White Mountains Insurance Group

What Pie Insurance does

Pie Insurance works in insurance - agents, carriers & brokers, with 15 recorded offerings and customers in small business insurance.

Pie Insurance Services, Inc. is an American insurance company that provides small business insurance solutions, including workers' compensation, commercial auto, and general liability coverage. The company also offers engaged insurance products for various industries and operates a partner portal for insurance agents. Pie Insurance utilizes data-driven technology in its underwriting and claims management processes.

Description from Veridion's company data.

Products and services

  • Small Business Insurance Solutions
  • Workers’ Compensation Insurance Services
  • Commercial Auto Insurance Services
  • Business Owners Insurance Services
  • General Liability Insurance Services
  • Professional Liability Insurance Services
  • Cyber Risk Insurance Services
  • Errors and Omissions Insurance Services
  • Small Group Health Insurance Services
  • Industry-Specific Insurance Solutions
  • Insurance Underwriting Services
  • Insurance Claims Management Services
  • Insurance Premium Audit Services
  • Insurance Technology Platform Development
  • Insurance Partner Portal Services

Markets

  • Small Business Insurance

Business model

  • Business-to-Business
  • Software-as-a-Service

Industry codes (NAICS)

  • 524126 Direct Property and Casualty Insurance Carriers 100% match

Questions about Pie Insurance

What is Pie Insurance worth?

Valuation $2.0B (range $253M to $5.0B), as of 24 Oct 2026.

Has Pie Insurance raised money?

Pie Insurance has 4 funding rounds on record, from Jul 2018 to Sep 2022, $489M in total. None disclosed a valuation.

Who has invested in Pie Insurance?

Greycroft, Acrew Capital, Allianz X, Centerbridge Partners, Elefund and Moxley Holdings, and 8 more. Lead investors include Greycroft, Acrew Capital, Allianz X and Centerbridge Partners.

How many people work at Pie Insurance?

About 376, down 9% over the last year. Headcount rose from 170 in Jan 2021 to 460 in Apr 2023, then fell to 376 in Sep 2026.

What does Pie Insurance do?

Pie Insurance works in insurance - agents, carriers & brokers, with 15 recorded offerings and customers in small business insurance. Its main offerings are small business insurance solutions, workers’ compensation insurance services and commercial auto insurance services.

When was Pie Insurance founded, and where is it based?

Pie Insurance was founded in 2017 and is based in Draper, United States. It has about 376 employees, down 9% over the last year.

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