Ohio Insurtech Coterie Insurance Raises $50M

Cincinnati, Ohio-based insurtech company Coterie Insurance, which specializes in commercial insurance, has completed a $50 million series Series B financing round, totaling $75 million raised since its founding in 2018.

Series B funding was led by Weatherford Capital alongside existing investors RPM Ventures, Intact Ventures, Group 1001, and Alpha Edison. Coterie plans to use the funding to expand its mission to transform the commercial insurance market for small and micro-businesses.

Coterie is led by David McFarland, founder and CEO.

Source: Coterie