10
Cyber insurance startup Coalition plots global expansion as valuation hits $5B

Cyber insurance startup Coalition plots global expansion as valuation hits $5B

2 years ago
Anonymous $0BkBa0cUPa

https://techcrunch.com/2022/07/08/coalition-insurance-cyber/

Coalition, a San Francisco-based startup that combines cyber insurance and proactive cybersecurity tools, is preparing to expand outside of the U.S. for the first time following a mega $250 million Series F investment that takes its valuation to $5 billion.

The investment, backed by Allianz X, Valor Equity Partners and Kinetic Partners, comes less than a year after the company’s $205 million Series E raise in September, which valued the company at $3.5 billion. Since then, the company has more than tripled its customer base from 52,000 to 160,000, Joshua Motta, CEO and co-founder of Coalition, tells TechCrunch, and has seen an almost 200% increase in revenue growth.