- The funding increases Coalition’s valuation from $3.5 billion to $5 billion
- Coalition has raised over $755 million in funding to date
- Coaltion was founded in 2017 by Joshua Motta and John Hering
Coalition, a cyber insurance company, has raised $250 million in Series F funding. The backers include Allianz X, Valor Equity Partners and Kinetic Partners.
The funding increases Coalition’s valuation from $3.5 billion to $5 billion.
Coalition’s Active Insurance serves over 160,000 customers. 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,” said Joshua Motta, CEO and co-founder of Coalition, in a statement. “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.”
Coalition has raised over $755 million in funding to date from leading global technology investors, including Durable Capital, T. Rowe Price Associates Inc, Whale Rock Capital, Index Ventures, General Atlantic, Ribbit Capital, Vy Capital and Valor Equity Partners, among others.
Coaltion was founded in 2017 by Joshua Motta and John Hering.