Wisconsin’s insurance technology sector is small but has one standout: Coterie Insurance, an API-driven small business insurance platform that has become one of the state’s better-funded insurtech companies.
Coterie Insurance
Coterie Insurance offers an API-driven platform that simplifies how agents and brokers quote and issue small business insurance policies. Its technology is designed to streamline underwriting and let partners bind policies in minutes rather than days. The company has raised $97 million in funding to date, making it one of the larger fintech-adjacent raises out of Wisconsin.
A Small but Growing Category
Insurtech remains a narrower category in Wisconsin compared to fintech broadly, but the state’s mix of established insurance carriers (including Northwestern Mutual, headquartered in Milwaukee) gives insurtech founders a deep pool of industry talent and potential enterprise customers to build around.
What This Means for Founders
Coterie’s traction suggests API-first, B2B insurance infrastructure — rather than consumer-facing insurance apps — is the more viable insurtech path for Wisconsin-based founders right now.
Related: our Wisconsin banking startups coverage and Wisconsin finance startups roundup.
