# Coterie Insurance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coterie-insurance

- Industry: Insurance
- Headquarters: Cincinnati, US
- Website: www.coterieinsurance.com
- Total disclosed funding: $66M
- Latest round: Series B (Oct 22, 2021)
- Investors on record: 11

## About

Founded in 2018 and based in Ohio, US, Coterie Applications Inc. operates Coterie Insurance, a technology company that provides business insurance solutions. Mr. David McFarland is the CEO and co-founder of the firm, along with its co-founder Kevin Mackey as the COO and Tim Metzner as CSO. In March 2024, Coterie Insurance raised USD 27 million in growth funding from Hiscox, with participation from Intact Ventures, Weatherford Capital, and RPM Ventures. 

Coterie Insurance provides different insurance policies for businesses such as General Liability Insurance (GL) that protects the business against injury and covers medical and legal expenses. The firm also offers Business Owners Policy (BOP) that allows business owners to reimburse the damaged property and Professional Liability Insurance (PL) that covers the business failure, cost of the lawsuit, and damages. The firm's platform also enables agents and brokers to access policy and insurance documents, renewals, billing, and claims.

The company plans to use the March 20224 growth funding to further develop its products and expand its insurance offerings.

## Funding rounds

- Series B, Oct 22, 2021, $48M — RPM Ventures, Clear Spring Insurance, Weatherford Capital, Alpha Edison, Intact Ventures
- Series A, Jan 22, 2021, $12M — RPM Ventures, Allos Ventures, Clear Spring Insurance, Alpha Edison, Intact Ventures
- Series A, Mar 20, 2020, $6M — RPM Ventures, Intercept Ventures, Allos Ventures, Frontier Ventures, Sure Ventures, The Hartford Financial Services Group, Inc., Western & Southern Financial Group, Inc.

## Investors

- RPM Ventures (https://capitalatlas.ai/funds/rpm-ventures) — Series A, Series B
- Intercept Ventures (https://capitalatlas.ai/funds/intercept-ventures) — Series A
- Allos Ventures (https://capitalatlas.ai/funds/allos-ventures) — Series A
- Frontier Ventures (https://capitalatlas.ai/funds/frontier-ventures) — Series A
- Sure Ventures (https://capitalatlas.ai/funds/sure-ventures) — Series A
- The Hartford Financial Services Group, Inc. — Series A
- Western & Southern Financial Group, Inc. — Series A
- Clear Spring Insurance — Series A, Series B
- Alpha Edison (https://capitalatlas.ai/funds/alpha-edison) — Series A, Series B
- Intact Ventures (https://capitalatlas.ai/funds/intact-ventures) — Series A, Series B
- Weatherford Capital (https://capitalatlas.ai/funds/weatherford-capital) — Series B