# Pier Seguradora

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pier-seguradora-s-a

- Industry: Insurance
- Headquarters: Sao Paulo, Brazil
- Website: www.pier.digital
- Total disclosed funding: $17M
- Latest round: Seed (Jan 11, 2024)
- Investors on record: 8

## About

Founded in 2018 and based in São Paulo, Brazil, Pier Seguradora S.A. provides digital insurance solutions. The company was founded by Igor Mascarenhas (CEO), Lucas Prado, and Rafael Oliveira. In January 2024, the firm raised USD 2.4 million in Seed funding led by investor Y Combinator, with participation from other investors Horizon Ventures, ACME Capital, and Liquid 2 Ventures. Individual investors also participated in the round. 

Pier offers two main insurance products: Car Insurance and Cell Phone Insurance. Car Insurance includes national coverage, while Cell Phone Insurance protects against theft and robbery. Both products are designed to be activated and managed entirely through Pier's app.

The company plans to use the January 2024 funding to support the growth of its team and product development.

## Funding rounds

- Seed, Jan 11, 2024, $2.4M — Horizon Founders Capital, Y Combinator, ACME Capital, Liquid 2 Ventures
- Series A, Oct 21, 2020, $15M — Monashees, BTG Pactual, Mercado Livre, Canary
- Seed, Jun 29, 2018 — Canary

## Investors

- Canary (https://capitalatlas.ai/funds/canary) — Seed, Series A
- Monashees (https://capitalatlas.ai/funds/monashees) — Series A
- BTG Pactual (https://capitalatlas.ai/funds/btg-pactual) — Series A
- Mercado Livre — Series A
- Horizon Founders Capital (https://capitalatlas.ai/funds/horizon-founders-capital) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- ACME Capital (https://capitalatlas.ai/funds/acme-capital) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed