Coterie Closes $11.5M in Series A-1 Financing, Bringing Total Funds Raised to $25M to Make Small Business Insurance Faster & Easier
/CINCINNATI, Feb. 5, 2021 /PRNewswire/ -- Coterie, the technology company that simplifies small business insurance, today announced they have raised $11.5M in Series A-1 financing. Coterie secured the additional funding through an oversubscribed Series A-1 led by Intact Ventures and with participation from Alpha Edison, Lackawanna Insurance Group, a subsidiary of Group1001, and previous investors, RPM Ventures, Allos Ventures, and several others. This announcement follows strong company growth fueled by an oversubscribed Series A financing of $8.5M in March 2020.
"There is a growing need in the industry for fast and easy solutions and we're excited to provide that in the small business insurance space," said David McFarland, CEO and co-founder of Coterie. "We've been extremely fortunate over the last year to bring on great people, partners, and investors who believe in what we're building."