Coterie builds technology that integrates small-business insurance into the platforms and processes businesses already use. The company has formed partnerships to deliver business insurance through tools such as Intuit Quickbooks and Thryv. It recently launched solutions to help independent agents and brokers more seamlessly sell and service small-business insurance. Coterie is led by CEO and co-founder David McFarland. Financially, the company secured additional capital via a Series A-1 financing to support its growth and platform expansion. The firm continues to expand distribution through platform integrations and agent/broker tooling. Coterie is an Ohio-based startup that offers "commercial insurance as a service" via APIs, connecting businesses and platforms with commercial insurance needs to its underwriting systems. The platform ingests multiple data sets to understand applicants and produce more accurate policy pricing. Coterie's systems can decide on the spot whether to bind coverage (coverage in place before a policy is issued). The product is aimed at making it faster and easier for small businesses and freelancers to buy and change general and professional liability insurance, saving time and money. The company will use the new funding to broaden the scope of its AI, including new administrative tasks. Financially, Coterie raised $8.5 million in this Series A and had previously raised over $3 million, bringing total capital raised to more than $12 million.

Total raised

$23M

Funding rounds

3

Latest round

Series A

Latest activity

Feb 2021