Index Ventures and General Atlantic lead round to accelerate Coalition’s growth and build on its leadership in the cyber insurance market
SAN FRANCISCO, March 17, 2021 /PRNewswire/ — Coalition, the leading cyber insurance and security company, today announced it has raised $175 million to accelerate its rapid growth and global expansion. Index Ventures led the funding with participation from General Atlantic and the company’s existing investors, valuing Coalition at $1.75 billion.
“We founded Coalition four years ago with a mission to solve cyber risk, introducing a technology-led approach to risk management and insurance underwriting, pricing, and distribution,” said Joshua Motta, CEO and co-founder of Coalition. “Our ambitions now extend beyond cyber insurance. Nearly one in ten Fortune 500 companies is an insurance company, yet most were founded before World War II. With this funding, we plan to bring our technology-driven approach to other lines of commercial insurance as we seek to build the digital insurance company of the future.”
With this funding, Coalition plans to invest in three key areas:
Build the digital insurance company of the future. “The future of…
