Coterie Insurance has completed a $50 million Series B financing round, raising a total of $75 million since its founding to enhance its small business insurance solutions.

Information on the Target

Coterie Insurance is an innovative insurtech company focused on simplifying the process of obtaining insurance for small businesses. Since its inception in 2018, Coterie has successfully raised a total of $75 million in funding, with the latest achievement being a $50 million Series B financing round. The company's mission revolves around enhancing the commercial insurance landscape specifically tailored to small and micro-businesses, allowing them to secure the necessary coverage with ease.

With a modern digital platform, Coterie streamlines the insurance process, making it faster and more accessible for businesses of all sizes. This user-centric approach not only aids business owners but also benefits their employees, as Coterie's services cater to an extensive workforce of approximately 32 million individuals across the nation.

Industry Overview in the Target’s Specific Country

The small business insurance sector is a burgeoning market in the United States, driven by the increasing number of micro and small enterprises. The current landscape is marked by a growing awareness among business owners regarding the