Coalition raises $250 million
San Francisco-based Coalition has raised $250 million in Series F funding, valuing the cyber insurance provider at $5 billion. This funding round closed in June with participation from Allianz X , Valor Equity Partners, Kinetic Partners and other existing investors. Coalition has raised over $755 million in equity funding to date.
Coalition’s Active Insurance 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. Coalition now serves over 160,000 customers with Active Cyber Insurance, Active Executive Risks Insurance, P&C insurance, and cybersecurity capabilities. The company 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 .
“Many organizations remain unprotected in the face of rising digital threats, and neither traditional insurance nor cybersecurity alone is well equipped to help them. Our active approach to underwriting, monitoring, and responding to digital risk has allowed Coalition to achieve market leading underwriting results while demonstrably reducing claims and losses for our customers so they can continue to thrive in the digital economy.” – Joshua Motta, CEO and co-founder of Coalition.
“Coalition’s active, tech-based approach to cybersecurity and cyber insurance has proven to be profoundly effective, which is also reflected in its outstanding business results. The trends driving the importance of cyber defense are irreversible. We see an active approach as the most effective solution for addressing cyberthreats to businesses both now and in the future.” – Dr. Nazim Cetin, CEO of Allianz X.
“Coalition demonstrates clear market and technology leadership with growing network effects. With the company’s high-quality culture and outstanding execution, we believe Coalition’s competitive advantages and value-creation will continue to compound in the coming years.” – Chris Golden, Founder and Chief Investment Officer at Kinetic Partners.