Counterpart raises $50 million

Counterpart , a Los Angeles-based specialty MGA, has raised $50 million in a Series C round led by Valor Equity Partners, with continued backing from Vy Capital. The raise brings total funding to over $106 million.

Founded in 2019, Counterpart focuses on management and professional liability. The company operates with an MGA model, underwriting through partners including Westfield Insurance, Aspen, and Markel, and distributing through agents such as Bridge Specialty Group, Brown & Riding, and Semsee.

Counterpart has grown to around 130 employees, representing roughly 20% year-over-year growth.

The company competes against Tara Hill Insurance Services, Falcon Risk Services, and Celerity Risk.