Pier is a full-stack insurance company that offers a new generation of insurance with technology instead of bureaucracy.

Pier provides smartphone and automobile coverage.

Pier was founded in 2018 by Igor Mascarenhas, Rafael Oliveira, and Lucas Prado. The company is headquartered in São Paulo, São Paulo, Brazil.

 

Pier connects people willing to share their risks and resources through a completely autonomous platform. It adopts artificial intelligence to bring an improved experience to users. Pier manages community resources and delivers transparency to all members.

Pier invested in marketing and communication and attracted no less than 15 thousand customers to cell phone insurance, which is contracted online using only three clicks.

Pier started to offer auto insurance as well. The company saw quite an opportunity in a market where only 30% of the entire Brazilian auto fleet are insured. MVP was tested in Belo Horizonte (Brazil) and, in January 2020, the insurtech launched Auto Insurance for the state of São Paulo.

 

Pier is backed by Monashees, Canary, Mercado Livre and BTG Pactual. The company raised $14.5M in Series A round on Nov 26, 2020. This brings Pier's total funding to $22.1M to date.

 

 

  • Year founded: 2018
  • Funding Info: $22.1M over 2 Rounds (Latest Funding Type: Series A)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: São Paulo
  • State: São Paulo
  • Country: Brazil
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