When was Pier founded?

Pier was founded in 2018 and raised its 1st funding round 1 year after it was founded.

Where is Pier located?

Pier is headquartered in United States.

How many employees does Pier have?

As of Sep 30, 2026, the latest employee count at Pier is 244.

Is Pier a funded company?

Pier is a funded company, having raised a total of $50.5M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on May 21, 2019.

When was the latest funding round of Pier?

Pier's latest funding was a $***** Series B round on May 31, 2022, with participation from 0 investor.

Where does Pier rank among its competitors?

Pier ranks 17th amongst 568 active competitors, of which 62 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Wefox, which secured $89.1M in Jul, 2025.

Who are the top competitors of Pier?

Pier's top competitors include Digit Insurance, Lemonade and Next Insurance. Among them, Wefox secured the most recent funding round in July, 2025.

Pier - 2026 Company Profile, Team, Funding & Competitors

Pier is a series B company based in United States, founded in 2018 by Igor Mascarenhas and Lucas Prado. It operates as an App-based P&C insurance platform for individuals. Pier has raised $50.5M in funding from Monashees. The company has 568 active competitors, including 62 funded and 68 that have exited. Its top competitors include companies like Digit Insurance, Lemonade and Next Insurance.

Company Details

App-based P&C insurance platform for individuals. It offers quotes for cell phone insurance and auto insurance. It offers coverage against theft, electrical breakdown, mechanical breakdown, and more. It allows users to pay the monthly premium by credit card and cancel the insurance anytime.

Website: pier.digital
Social
Email ID: *****@pier.digital

Key Metrics

Founded Year

2018

Location

United States

Stage

Series B

Total Funding

$50.5M in 4 rounds

Latest Funding Round

Series B, May 31, 2022, $*****

Investors

Monashees & 6 more

Ranked

17^th among 568 active competitors

Employee Count

244 as on Sep 30, 2026

Investment & Acquisitions

Arado

Similar Companies

Next Insurance & 108 more

View Pier's full profile

Pier has raised a total funding of $50.5M over 4 rounds. Its first funding round was on May 21, 2019. Pier has 7 institutional investors.

Here is the list of recent funding rounds of Pier:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 31, 2022	1012230	Series B	7635931	5359968	3871359	5197703
Sep 16, 2021	8743430	Series B	6721916	6771190	5760720	3017367
Nov 27, 2020	1590237	Series A	5005929	8662079	Monashees	BTG Pactual & 2 more

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View details of Pier's funding rounds and investors

The founders of Pier are Igor Mascarenhas and Lucas Prado.

Here are the details of Pier's key team members:

Igor Mascarenhas: Co-Founder & Chairman of Pier and founder of 1 other company.
Contact Info: 1 email address
Lucas Prado: Co-Founder | Board Member of Pier.
Contact Info: 1 email address

View details of Pier's Founder profiles and Board Members

Pier's employee count trend

Pier has 244 employees as of Sep 26. Here is Pier's employee count trend over the years:

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Top competitors of Pier include Digit Insurance, Lemonade and Next Insurance. Here is the list of Top 10 competitors of Pier, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Digit Insurance 2016, Bengaluru (India), Public	Provider of general and life insurance products across various categories	$462M	Faering Capital, TVS Capital Funds & 35 others	84/100
2nd	Lemonade 2015, New York City (United States), Public	Provider of various insurance policies including car, pet, home, and life	$644M	SoftBank Group, XL Innovate & 52 others	83/100
3rd	Next Insurance 2016, Palo Alto (United States), Acquired	Provider of online small business insurance policies	$1.12B	FinTLV, Battery Ventures & 27 others	79/100
4th	FWD 2013, Hong Kong (China), Public	Online life and health insurance platform for individuals	$1.82B	Siam Commercial Bank, Li Ka Shing Foundation ... & 10 others	70/100
5th	Macif 1960, Paris (France), Funding Raised	Online platform for life, health, and P&C insurances	-	Europa, ØPP	68/100
6th	ZhongAn Insurance 2013, Shanghai (China), Public	Online insurance platform for individuals	$942M	Morgan Stanley, Sagamore Investment Management ... & 7 others	66/100
7th	Leocare 2017, Paris (France), Series B	App-based P&C insurance platform for individuals	$138M	Felix Capital, Ventech & 5 others	65/100
8th	Wefox 2015, Roggwil (Switzerland), Acquired	App-based P&C insurance comparison platform for individuals	$1.61B	Mubadala, Target Global & 62 others	65/100
9th	Branch 2017, Columbus (United States), Series D	Provider of auto and home insurance solutions	$280M	Greycroft, Hudson Structured & 17 others	63/100
10th	Trellis 2019, San Francisco (United States), Acquired	Online P&C platform for insurance products	$17M	QED Investors, American Express & 3 others	62/100
17th	Pier 2018, United States, Series B	App-based P&C insurance platform for individuals	$50.5M	Monashees, BTG Pactual & 5 others	60/100