A Cincinnati startup has added millions in new funding to its coffers, news that caps a year of triple-digit revenue growth for the firm and a newly opened second office in the Midwest.
Blue Ash, Ohio-based insurtech Coterie announced March 19 it had raised $27 million in a Series B+ round. The raise, the Cincinnati region’s largest so far in 2024, included backing from Hiscox, a Bermuda-based specialty small business insurance company – and a new investor – as well as previous funders Intact Ventures, based in Toronto; Weatherford Capital, a private investment firm with offices in Tampa, Florida, and Dallas; and RPM Ventures, headquartered in Ann Arbor, Michigan, among others.
The round brings the company’s total funding to more than $102 million. Coterie currently ranks as the region’s ninth best-funded startup, a list topped by unicorns Enable Injections, 80 Acres Farms and Astronomer.
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