Washington-based fintech company Pie Insurance has secured $45 million in Series B funding, topping the city’s recent funding headlines, according to company database Crunchbase. The cash infusion was announced March 5 and led by SVB Capital.
According to its Crunchbase profile, "Pie Insurance is a workers’ compensation insurance company that provides workers’ comp coverage to small businesses through a simple online experience. Pie leverages extensive, high-quality data sets to segment and price small business policies, accurately assessing risks and passing savings on to small business owners."
The two-year-old startup has raised two previous funding rounds, including a $11 million Series A round in 2018.
Over the past year, 23 Washington-based financial services companies have secured venture funding, totaling $614 million in new investment to the local industry.
In other local funding news, app-based prenatal health company Babyscripts announced a $500,000 corporate round on March 19, financed by Inova Health System.
According to Crunchbase, "Babyscripts is the only doctor delivered digital health tool that enhances the doctor/patient relationship outside the four walls of the clinic during routine, low risk pregnancy care. Babyscripts leverages the full power of technology to elevate the standard of prenatal care. When a patient is enrolled into the program by their OBGYN, they receive our mobile app."
Founded in 2013, the company has raised six previous rounds, including a $6 million corporate round earlier this year.
This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.
