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Workers' comp company raises $10M in funding round

Denver-based Cake Insure Inc. has raised $10.1 million, according to an Oct. 13 filing.

The Pinnacol Assurance subsidiary launched and began selling policies Oct. 10. Cake is a digital tool that helps businesses get a quick workers' compensation quote, according to its website.

Pinnacol chief strategy officer Robert Norris will head Cake as CEO, BusinessDen reported.