Coalition raises $90M Series C round led by Valor Equity Partners
Date: 2020-05-22   Author: Saipriya Iyer  Category: #news

Coalition raises $90M Series C round led by Valor Equity Partners

Coalition, the cyber insurance & security leader, has recently announced that it has raised Series C funding worth $90 million. Valor Equity Partners led this funding round, with participation from Greyhound Capital, Felicis Ventures, and existing investors of Coalition.

Founded in 2017, the company has stated that it combined the proprietary security tools and comprehensive insurance to assist businesses while managing and mitigating risks. It is backed by Swiss Re Corporate Solutions & Argo Group, A+/A rated insurers, and provides up to $10 million of technology and cyber insurance coverage to companies in all 50 states & Washington D.C.

The unique product offerings of Coalition reportedly combine best-in-class insurance & proactive cybersecurity tools to ensure the safety of the business. Cyber incidents and losses amount to upwards of $1.5 trillion every year of the global economy. Many businesses are facing challenges in the security landscape and are under-prepared to mitigate and manage the risks posed by the rising digital world. The company addresses this gap by offering no-cost cybersecurity tools to reduce losses, incident response and security services, & comprehensive cyber insurance to aid organizations recover from breaches and failures.

The recent funding will be adopted for the following causes:

  • Cybersecurity Access: In addition to large enterprises and national governments, the company will make its state-of-the-art cybersecurity capabilities available to small- and medium-sized businesses. Its small- and mid-sized policyholders have experienced various claims that cost them an average amount of $160,000.
  • International Expansion: The company targets to make its offerings available across the globe, starting from Canada.
  • New Products: The company plans to create more insurance products to address various threats brought by technology to both tangible & intangible assets. Many of these assets are not sufficiently covered by traditional insurance policies.

The company further added that it has also raised $125 million from investors in equity funding. These investors include Vy Capital, Hillhouse Capital, and Ribbit Capital, among others. All its existing investors have participated in the recent funding round.

Source credit:https://www.crowdfundinsider.com/2020/05/161741-cyber-insurance-security-company-coalition-secures-90-million-through-series-c-funding-round-led-by-valor-equity-partners/



About Author


Saipriya Iyer

Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

Read More

More from Saipriya


Post Recommendents

Spinning Disk Confocal Microscopes Market Projection By Key Players, Status, Growth, Revenue, SWOT Analysis Forecast 2026
Author: Ashwin Naphade

Market Study Report LLC adds new report on Global Spinning Disk Confocal Microscopes Market Research, which contains company information, geographical data and market analysis about this industry for all stakeholders involved in or wanting to get ...


2,6-Diaminopurine (CAS 1904-98-9) Market Comprehensive Analysis, Growth Forecast from 2021 to 2026
Author: Ashwin Naphade

Market Study Report LLC Adds New Global 2,6-Diaminopurine (CAS 1904-98-9) Market Report to its research database. The report presents a deep study of the market growth factors and drivers, application potential and much more.

The researc...


Gas Detector Tubes Market Size, Growth Trends, Top Players, Application Potential and Forecast to 2026
Author: Ashwin Naphade

The latest report on ' Gas Detector Tubes market' as Added by Market Study Report, LLC, offers comprehensive details on industry size, regional spectrum and revenue estimates of the business. In addition, the report stresses on major chall...