Cowbell Cyber Raises $100 Million In Series B Funding To Further Revolutionize Cyber Risk Underwriting

Mar 15, 2022•over 3 years ago

Amount Raised

$100 Million

Round Type

series b

Pleasanton

Description

Cowbell Cyber, the leading provider of cyber insurance for small and medium-sized enterprises (SMEs), has secured $100 million in capital led by Anthemis Group with participation from Permira Funds, PruVen Capital, NYCA Partners, Viola Fintech and all existing investors. This latest financing will increase investment in data science, underwriting, risk engineering and claims management; expand go-to-market channels including digital distribution; and support Cowbell Re, the company's reinsurance captive.

Company Information

Company

Cowbell Cyber

Location

Pleasanton, California, United States

About

Cowbell Cyber offers standalone, individualized, and easy-to-understand cyber insurance for small and medium-sized enterprises. In its unique AI-based approach to risk selection and pricing, Cowbell's continuous underwriting platform, powered by Cowbell Factors, compresses the insurance process from submission to issue to less than 5 minutes. Cowbell Insurance Agency is currently licensed in 50 U.S. states and the District of Columbia. Cowbell Reinsurance Company is a licensed insurance captive in the State of Vermont. For more information, please visit cowbell.insure.

Funding Insights

Based on industry data

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Cowbell Cyber Raises $100 Million In Series B Funding To Further Revolutionize Cyber Risk Underwriting

Description

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Funding Insights

Company Information