Allianz X and Acrew Capital led a $118m Series C round in Pie Insurance.

Allianz X and Acrew Capital led a $118m Series C round in Pie Insurance, an insurtech specializing in workers' comp insurance for small businesses, with participation from Greycroft, SVB Capital, SiriusPoint, Elefund, and Moxley Holdings. "Pie is fundamentally transforming the commercial property and casualty insurance market in the US. Using pioneering technology, Pie has revolutionized the customer experience, ensuring that a previously-lengthy process has become more efficient for everyone involved. The company has enormous growth potential far beyond its current core business. For Allianz, there are plenty of opportunities for cooperation with Pie, for example, in the joint development and sale of insurance solutions. We also see collaboration potential with some of our other B2B portfolio companies," Nazim Cetin, Allianz X CEO.