Coalition Closes $250 Million In Series F Funding, Valuing The Cyber Insurance Provider At $5 Billion
Coalition Closes $250 Million In Series F Funding, Valuing The Cyber Insurance Provider At $5 Billion
07/08/22, 6:00 AM
Location
san franciscoMoney raised
$250 million
Round Type
series f
Coalition, the world’s first Active Insurance company designed to prevent digital risk before it strikes, today announced it has raised an additional $250 million to accelerate its rapid growth, power international expansion, and broaden the services Coalition offers to help organizations manage digital risk. This funding round closed in June with participation from Allianz X, Valor Equity Partners, Kinetic Partners and other existing investors, increasing Coalition’s valuation from $3.5 billion to $5 billion.
Company Info
Location
san francisco, california, united states
Additional Info
Coalition’s technology advantage has allowed the company to build a sustainable, high-performing book of business in a highly-dynamic cyber market, while also helping Coalition customers spot and manage digital risk before it strikes. Founded in 2017 by Joshua Motta and John Hering, Coalition is one of the largest cyber insurance and security providers in the United States and Canada. About Coalition Coalition is the leading provider of cyber insurance and security, combining comprehensive insurance and proactive cybersecurity tools to help businesses manage and mitigate cyber risk. Headquartered in San Francisco, Coalition is a distributed company with a global workforce that collaborates both digitally and in office hubs across the globe.