Coalition is a company that provides businesses with cyber security and insurance by combining comprehensive insurance and proactive cybersecurity tools. It helps companies to mitigate cyber risks. For this purpose, Coalition has automated security alerts, threat intelligence, expert guidance, etc. Overall, the company is designed to prevent digital risk before it strikes.
Allianz X, Valor Equity Partners, and Kinetic Partners among other existing investors participated in the investment round Series F. The money raised will be used for growth acceleration, international expansion, and digital risk management services broadening. “With the company’s high-quality culture and outstanding execution, we believe Coalition’s competitive advantages and value-creation will continue to compound in the coming years,” Chris Golden, Founder and Chief Investment Officer at Kinetic Partners.
Coalition, headquartered in San Francisco, was founded in 2017 by John Hering and Joshua Motta. As of now, the company has worked with more than 160 000 clients. “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,” Joshua Motta, CEO and co-founder of Coalition. To help organizations in risk mitigation, Coalition’s Active Insurance unites broad insurance coverage, access to around-the-clock digital forensics and incident response, and industry-leading cybersecurity tools.