Last deal

$315M

Amount

Series D

Stage

21.09.2022

Date

3

all rounds

$621M

Total amount

date founded

Financing round

General

About Company
Pie Insurance is a workers’ compensation insurance company that provides coverage to small businesses through an easy online experience.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Pie

founded date

01.05.2017

Number of employees

Company Type

For Profit

Last funding type

Series D

IPO status

Private

Description

The company uses data analytics and a team of insurance experts to accurately assess risks and offer A.M. Best A-rated insurance policies at a lower cost to small business owners. Pie Insurance intends to use funds for continued growth and strategic initiatives to purchase licensed insurance companies. Led by co-founder and CEO John Swigart, Pie is on a mission to transform small business insurance by making it more transparent, simpler, and less expensive through their technology-enabled platform.
Contacts
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Their latest funding was raised on 21.09.2022. Their latest investor Acrew Capital. Their latest round Series D

Date 
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Investors 
Money Raised 
Lead 
Allianz X

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Co-Investors
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Acrew Capital

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Subsector

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Venture Capital, Financial Services, Software

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Lauren Kolodny

Lauren Kolodny

Lauren is a Founding Partner at Acrew Capital. Lauren leads investments in fintech and SaaS. Prior to founding Acrew, Lauren was a partner at Aspect Ventures. Investments that she has led or co-sponsored include Chime, Deserve, Divvy, EvidentID, Finix, Future Family, Grain, Gusto, Klar, Papaya Payments, Pie Insurance, TalkIQ (acquired by Dialpad), and Tara.ai. Previously, Lauren worked in product marketing at Google, where she led a number of launches for GSuite, including Google Drive. Lauren began her career building tech and finance partnerships for the Clinton Foundation in India. Lauren is a Trustee Emerita at Brown University where she served as the university’s youngest board member. She is currently a member of the President’s Leadership Council and the Advisory Committee on Computing and Information Technology, where she continues to advise university leadership on digital strategy. Lauren was named one of Forbes 30 Under 30 for Venture Capital in 2016.

current job

Acrew Capital
Acrew Capital

organization founded

1
Gallatin Point Capital

Gallatin Point Capital

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Sector

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Matthew Botein

Matthew Botein is the Co-Founder and Managing Partner of Gallatin Point Capital.

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Gallatin Point Capital

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1
Allianz X

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Subsector

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Nazim Cetin

Nazim Cetin

Nazim Cetin is the CEO of Allianz X. Nazim has more than a decade of leadership experience in investing, business development and entrepreneurship. Before joining Allianz X, he held several leadership positions at media conglomerate Bertelsmann. Prior, he founded the first German magazine focusing on philosophy and economics agora 42 and was an investment banker at Maple Bank. He is a venture partner for Target Global, and an advisor for VC funds and start-ups.

current job

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Allianz X
Acquisitions
1
Acquiree Name 
Date 
Price 
Acquisition Name 

Western Select Insurance Company acquired by Pie Insurance

acquirer

Pie Insurance
Pie Insurance

date

25.08.2021

type

Acquisition

Western Select Insurance Company

Western Select Insurance Company is a licensed property casualty insurance company in Illinois.

Sector

Non-life Insurance

Subsector

Property and Casualty Insurance

Location

Illinois City, IL 61259, USA

People

Founders
2
Dax Craig
Dax Craig

Dax Craig

Dax Craig is the co-founder and president of Pie Insurance, a digitally enabled, direct workers compensation insurance company. Prior to founding Pie Insurance, he was the founder and CEO of Valen Analytics, a data science company that leveraged its large consortium data assets to help carriers price insurance policies more accurately and achieve lower loss ratios. Prior to founding Valen in 2004, Dax was founder and CEO of Xertex Technologies, a leading provider of antennas for Wi-Fi, in-building wireless, and telematics. He led the progress of the company from a concept he developed as an MBA student at the University of Colorado to its eventual acquisition by Centurion Wireless, now part of Laird plc. At the time of Xertex’s acquisition, Centurion was a global leader in the wireless antenna industry with over $150 million in annual revenue, seven factories, locations in five countries and over 1,500 employees. Dax proceeded to be vice president of global business development at Centurion, where he was directly responsible for global business development including sales, market definition, market segmentation, market research, strategic planning and market development. Believing in the importance of community involvement, Dax founded the Monticello Foundation, an organization of young professionals that raised money for Denver area children’s charities. He also founded Stay Tuned Colorado, a non-partisan organization that engaged young professionals to become more involved in the process of selecting national political leaders. He currently serves on the executive advisory board of the University of Tulsa’s College of Business and is a member of the Young Presidents Organization. Most recently, Dax was selected as a board member to the National Sports Center for the Disabled. Previously, he has served on the board of several community organizations including the Denver Opera and the Metro Denver Sports Commission. Dax graduated from the University of Tulsa with a bachelor’s degree in business administration and marketing. He earned his MBA in finance from the University of Colorado at Boulder.

current job

Pie Insurance
Pie Insurance

organization founded

2

Dax Craig

John Swigart
John Swigart

John Swigart

John is the CEO and Co-founder of Pie Insurance.

current job

Pie Insurance
Pie Insurance

organization founded

1

John Swigart

Employee Profiles
43
Ekta Aggarwal

Ekta Aggarwal

Chief Product Officer

Erin Mesick

Vice President Finance

David Samuels

David Samuels

Chief Commercial Officer

Dimitrius King

Dimitrius King

Chief Claims Officer

Kelly North

Kelly North

Vice President Of Business Development

Jen Straus

Jen Straus

Vice President, People Operations

Adam Jones

Adam Jones

Chief Of Staff

Antarr Byrd

Antarr Byrd

Engineer

Activity

Recent News
3
News Timeline

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