HomeInsuranceCoalition Closes $250 Million in Series F Funding, Valuing

Coalition Closes $250 Million in Series F Funding, Valuing

SAN FRANCISCO, July 08, 2022 (GLOBE NEWSWIRE) — Coalition, the world’s first Active Insurance company designed to prevent digital risk before it strikes, today announced it has raised an additional $250 million to accelerate its rapid growth, power international expansion, and broaden the services Coalition offers to help organizations manage digital risk. This funding round closed in June with participation from Allianz X, Valor Equity Partners, Kinetic Partners and other existing investors, increasing Coalition’s valuation from $3.5 billion to $5 billion.

Coalition’s Active Insurance combines industry-leading 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’s technology advantage has allowed the company to build a…

Read more at www.globenewswire.com

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