Greater Cincinnati insurtech raises $50M Series B led by Weatherford Capital

Coterie_Insurance_Logo

Coterie Insurance, a Blue Ash-based insurtech startup, has closed a $50 million Series B financing round, months after it closed another a multimillion-dollar raise. The news comes one day after the company landed tax credits from state of Ohio to create nearly a dozen new jobs in the region.

The Series B was led by Weatherford Capital, a private investment firm with offices in Tampa and Dallas, alongside existing investors RPM Ventures, Intact Ventures, Group 1001 and Alpha Edison.

The funding will allow Coterie to “skyrocket” its growth and build out, David McFarland, Coterie co-founder and CEO, said. The raise brings the company’s total financing to $75 million since its founding in 2018 — $61.5 million of which has been raised this year.

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Story excerpt provided by Cincy Inno.

Written by Liz Engel.

Originally published October 26, 2021.

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