About
Coterie provides instant small business insurance in under 60 seconds. Raised $102M+ total including $50M Series B (2021) and $27M growth round (2024, Hiscox participated). Revenue grew 200%+ in 2023. Sub-60% loss ratio for 8 consecutive quarters. Operates in all 50 states via independent agents/brokers. Named Best Insurtech by Fintech Breakthrough Awards 2024. Founded 2018 in Cincinnati. 100% digital underwriting.
Key Facts
- [1]Founded: Founded in 2018 in Cincinnati, United States.
- [2]Funding: Total funding: $102M. Last round: Mar 2024. Stage: Growth.
- [3]Employees: Employee count: 51-200.
- [4]Website: Official website: coterieinsurance.com.
- [5]AI Technology: Core AI/ML technologies: Predictive ML.
- [6]Region: Region: Americas (United States).
Founder
David McFarland
Co-founder & CEO
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is Coterie Insurance?
Coterie provides instant small business insurance in under 60 seconds. Raised $102M+ total including $50M Series B (2021) and $27M growth round (2024, Hiscox participated). Revenue grew 200%+ in 2023. Sub-60% loss ratio for 8 consecutive quarters. Operates in all 50 states via independent agents/brokers. Named Best Insurtech by Fintech Breakthrough Awards 2024. Founded 2018 in Cincinnati. 100% digital underwriting. Coterie Insurance is classified in the Insurance segment at the Applications layer of the financial AI stack.
Who founded Coterie Insurance?
Coterie Insurance was founded by David McFarland (Co-founder & CEO) in 2018 in Cincinnati, United States.
How much funding has Coterie Insurance raised?
Coterie Insurance has raised $102M in total funding, placing the company at the Growth stage. The most recent round closed in Mar 2024. Among 45 funded Insurance companies, Coterie Insurance ranks #34 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Coterie Insurance use?
Coterie Insurance primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Insurance segment, 28 companies use this technology.
What market segment does Coterie Insurance operate in?
Coterie Insurance operates in the Insurance market segment. AI insurance companies are modernizing one of the oldest financial sectors, applying machine learning to underwriting, claims processing, actuarial modeling, and risk assessment across property, casualty, health, and life insurance lines.
Where is Coterie Insurance headquartered?
Coterie Insurance is headquartered in Cincinnati, United States. The company operates in the Americas region. The team consists of 51-200 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Coterie Insurance's competitors?
Companies similar to Coterie Insurance in the Insurance space include Unit21 ($92M raised), Kaaj ($4M raised), Lendbuzz ($310M raised), Ramp ($2.3B raised), Brex ($1.5B raised). These companies operate in related areas of financial AI: Unit21 focuses on ai-powered fraud and aml platform. Kaaj focuses on agentic ai for small-business lending automation. Lendbuzz focuses on ai auto financing for underserved populations. (Based on AIFI Map classification data.)
What products does Coterie Insurance offer?
Coterie Insurance builds applications-layer solutions for the financial services industry. The company's core offering: AI quotes for small business in 60 seconds. The platform is powered by Predictive ML technology.