Pier Raises $20M Series B Financing

September 2, 2021Client News

Gunderson Dettmer represented client Pier, a Brazilian InsurTech company, in its $20 million Series B financing led by Raiz Investimentos. The company sells insurance for smartphones and cars through a digital platform and is authorized to operate under the simplified regulatory regime of the Superintendence of Private Insurance (Susep).

In the announcement of the transaction, co-founder and CEO of Pier Igor Mascarenhas said that the new funds will be used to double the team, now 120 people, and strengthen the capital to obtain the definitive license.

The Gunderson deal team was led by Adan Muller and Christel Moreno and included Sam Willie, Luiz Bihari and Eduarda Tavares.