Coterie Insurance raises $50 million

Coterie Insurance, the insurance startup targeting small businesses, announced the completion of a $50 million Series B financing round, bringing its total funding to date to $75 million. The round was led by Weatherford Capital alongside existing investors RPM Ventures, Intact Ventures, Group 1001, and Alpha Edison.

Founded in 2018, Coterie offers BOP, GL, and PL insurance products in 48 states. Products are available online, through agents and brokers, and digital platforms such as Intuit. 

“While over 90 percent of companies in the U.S. are small businesses, they remain underserved when it comes to insurance, leaving them vulnerable to unexpected risks. Coterie is reimagining small commercial insurance and this latest round of funding skyrockets our ability to deliver the most robust solutions and streamlined processes for insurance agents, partners, and small businesses. We’re on a mission to provide an experience that’s easier, faster, and better than anything else out there so that these businesses can thrive.” – David McFarland, co-founder and CEO of Coterie Insurance.

“We’re excited to partner with Coterie Insurance as they create the future of small commercial insurance . We’re confident in the team, as well as their vision to deliver the best technology and the best experience to small and micro business owners.” – Will Weatherford, managing partner at Weatherford Capital.

“In their drive to serve both their partners and their policyholders, Coterie has delivered value by modernizing an antiquated industry through innovation and exceptional service.” – Drew Weatherford, founding partner, Weatherford Capital.