- Pier, a Sao Paulo, Brazil-based full-stack insurance company operating in Latin America, raised US$ 14.5m in Series A funding
- The round was led by monashees with participation from Canary, Mercado Livre, and BTG Pactual
- The company intends to use the funds to continue to expand its business reach in the auto market
- Led by Igor Mascarenhas, co-founder, and CEO, Pier adopts artificial intelligence to bring an improved experience to users
- The company is preparing to go beyond with Series B investors in 2021
- With the resources available at the time, the founders invested in technology and a highly qualified team
