Coalition, a San Francisco, CA-based active insurance company designed to prevent digital risk before it strikes, raised an additional $250m in Series F funding.
The round, which closed in June, saw participation from Allianz X, Valor Equity Partners, Kinetic Partners and other existing investors, and increased Coalition’s valuation to $5 billion.
The company, which has raised over $755 million in equity funding to date, intends to use the funds to accelerate growth, power international expansion, and broaden the services Coalition offers to help organizations manage digital risk.
Founded in 2017 by Joshua Motta and John Hering, Coalition provides Active Insurance which combines cybersecurity tools, access to around-the-clock digital forensics and incident response, and broad insurance coverage to help organizations identify, mitigate, and insure digital risk. The Active Risk Platform provides automated security alerts, threat intelligence, expert guidance, and cybersecurity tools to help businesses remain resilient in the face of cyber attacks. The company now serves over 160,000 customers with Active Cyber Insurance, Active Executive Risks Insurance, P&C insurance, and cybersecurity capabilities.
Coalition partners with brokers in all 50 states to provide active cyber and active executive risks insurance and offers active cyber insurance across Canada. Later this year, Coalition will launch its UK active cyber program in partnership with Allianz.
FinSMEs
08/07/2022