Coalition Revenue, Valuation, Funding & Investors
Coalition is valued at $5B as of July 2022.
Last Coalition valuation
$5B
Series F · Jul 2022
Last Coalition funding round
Strategic investment
Amount undisclosed · May 2026
Coalition revenue
$325M
Series E · Sep 2021
Key investors in Coalition
Ribbit Capital
Valor Equity Partners
Vy Capital
Hillhouse Investment
Index Ventures
Felicis
About Coalition
Coalition is a San Francisco-headquartered cyber insurance provider backed by Allianz, Swiss Re Corporate Solutions, Arch Insurance North America, Lloyd’s of London, and Ascot Group. It delivers policies in the US and Canada paired with an Active Risk Platform offering automated alerts, threat intelligence, and cybersecurity tools. The distributed global workforce supports businesses mitigating digital risks through proactive defenses.
Founded
2017
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Product sales, Subscription
Revenue
$325M (Sep 2021)
Valuation
$5B (Jul 2022)
Coalition Valuation
Coalition is currently valued at $5B, based on its Series F in July 2022.
The $250M round was led by Allianz X, Kinetic Partners and Valor Equity Partners.
Coalition's valuation has grown 20x from $250M at its Series B in May 2019 to $5B in July 2022, across 5 priced rounds.
Coalition valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2022 | Series F | $5B | - |
| Sep 2021 | Series E | $3.5B | 10.8x |
| Mar 2021 | Series D | $1.8B | - |
| May 2020 | Series C | $890M | - |
| May 2019 | Series B | $250M | - |
Coalition Revenue
Coalition's latest recorded revenue is $325M, as of its Series E in September 2021. At a $3.5B valuation, that implies a 10.8x revenue multiple.
Coalition revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2021 | $325M | $3.5B | 10.8x | Series E |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Coalition Funding History
Coalition has raised a total of $785M across 8 funding rounds, plus 1 secondary share sale.
Coalition's first fundraising round was a $10M Series A in March 2018. The most recent completed round was a strategic investment round in May 2026.
Coalition funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2026 | Strategic investment | Allianz (lead) | - | - | - |
| Mar 2025 | Strategic investment | Mitsui Sumitomo Insurance Company (lead) | $30M | - | - |
| Jul 2022 | Series F | Allianz X (lead); Kinetic Partners (lead); Valor Equity Partners (lead) | $250M | $5B | Coalition is a San Francisco-based cyber insurance provider offering Active Insurance that combines coverage with cybersecurity tools to help over 160,000 organizations mitigate digital risks. The company raised $250 million in a Series F funding round in July 2022, led by Allianz X, Kinetic Partners, and Valor Equity Partners, valuing it at $5 billion post-money and bringing total capital raised to $755 million. Other prominent investors include T. Rowe Price, Ribbit Capital, Index Ventures, and General Atlantic. The round occurred amid heightened cybersecurity demand driven by remote work shifts and geopolitical tensions like the Russia-Ukraine conflict. Coalition reported nearly tripling its revenue year-over-year around this time, though exact figures were not disclosed in announcements. Deloitte's 2023 Technology Fast 500 ranked Coalition #57 in North America with 2,700% revenue growth from 2019 to 2022, placing it top 10 in the Bay Area and #11 in fintech. Coalition has expanded as a tech-enabled insurer, launching its own full-stack carrier (Coalition Insurance Company), entering the U.K., Canada, and Australia markets, and introducing CoalitionAI for generative AI-driven cyber risk protection. The company competed in a hot cybersecurity investment market, with peers like Axonius and Jupiterone also raising funds, while private equity showed interest via deals like Thoma Bravo's $6.12B acquisition of SailPoint. |
| Sep 2021 | Series E | Durable Capital Partners (lead); T. Rowe Price (lead); Whale Rock Capital Management (lead) | $205M | $3.5B | Coalition is a US-based cyber insurance and security company that provides up to $15 million in cyber and technology insurance coverage to companies across the US and Canada. It offers preventative cybersecurity tools, scans policyholders 65,000 times a week to identify vulnerabilities, security and incident response services, and comprehensive insurance for recovery from breaches. The company serves over 52,000 customers, with policyholders filing one-third fewer claims than those of other cyber insurance carriers. In September 2021, Coalition raised a $205 million Series E round led by Durable Capital Partners, T. Rowe Price, and Whale Rock Capital Management at a $3.5 billion valuation, according to a reviewed press release. The funds are intended to scale the business and expand into new lines of insurance. At the time, Coalition reported a $325 million run rate premium, reflecting an 800% year-over-year increase. Earlier context from late 2020 showed Coalition reaching $100 million in annualized premium revenue that fall, up from $50 million a year prior, amid surging demand for cyber insurance driven by rising cyber attacks, including a 93% increase in ransomware during H1 2021 and a 29% global rise in attacks. The company had previously raised a $90 million Series C and grown its customer base to 25,000, up 600% year-over-year. Coalition's approach combines insurance with active risk mitigation, enabling cross-selling opportunities as it expands product lines to maintain growth momentum. |
| Mar 2021 | Series D | Index Ventures (lead); Ribbit Capital; General Atlantic; Valor Equity Partners; Vy Capital | $175M | $1.8B | Coalition, founded in 2017 by Joshua Motta and John Hering, is a San Francisco-based cyber insurance and security company providing no-cost cybersecurity tools, incident response services, and comprehensive insurance coverage to over 42,000 customers in the US and Canada. The company raised $175 million in a Series D funding round on March 17, 2021, led by Index Ventures with participation from General Atlantic, Ribbit Capital, Vy Capital, Valor Equity Partners, and other existing investors, bringing total equity funding to $300 million. This round valued Coalition at $1.75 billion post-money. The proceeds were earmarked for accelerating growth, expanding into new commercial insurance products beyond cyber—potentially including intellectual property coverage—and pursuing international expansion following its 2020 entry into Canada. CEO Joshua Motta emphasized Coalition's technology-led approach to risk management, underwriting, pricing, and distribution, aiming to build the digital insurance company of the future amid a burgeoning cyber insurance market. At the time, Coalition reported a gross written premium run-rate exceeding $240 million and over 41,000 customers, reflecting strong traction driven by heightened awareness of cyber risks as a risk management issue rather than solely a technology problem. Index Ventures partner Shardul Shah highlighted Coalition's leadership in reimagining commercial insurance, offering proactive risk prevention and resilience. The round occurred amid investor enthusiasm for cyber insurtech, with peers like Corvus Insurance raising $100 million at a $750 million valuation shortly before. Coalition's model combines insurance with active security measures, differentiating it in a competitive landscape of insurtech startups and incumbents. |
| May 2020 | Series C | Valor Equity Partners (lead); Felicis; Hillhouse Investment; Ribbit Capital; Vy Capital; Greyhound Capital | $90M | $890M | Coalition is a San Francisco-based cyber insurance and security company offering cybersecurity capabilities and insurance to small and midsize businesses, including prevention, support during and after crises. It raised $90 million in a Series C funding round on May 20, 2020, led by Valor Equity Partners, with participation from Felicis Ventures, Greyhound Capital, and existing investors including Vy Capital, Ribbit Capital, Hillhouse Capital, and Greenoaks Capital. The post-money valuation was $890 million, up from $250 million post-money in its May 2019 Series B, with the round capping dilution at around 10% and intentionally avoiding a unicorn valuation to maintain culture and deploy capital reliably. This brought total equity raised to $125 million since inception in 2017, comprising $10 million Series A, $25 million primary Series B, and the $90 million Series C. The pre-money valuation was $800 million. Funds were earmarked to grow the cyber insurance platform, enhance cybersecurity offerings at no cost to SMBs, scale operations, and invest in technology development amid rapid customer growth. Coalition differentiates by disrupting traditional insurance with proactive cybersecurity, positioning against legacy insurers. The round reflects strong traction, tripling valuation in a year, though specific revenue or ARR metrics near May 2020 are not detailed in sources. Subsequent rounds included Series D ($175M, March 2021, led by Index Ventures) and later financings up to $5B valuation in 2022. |
| May 2019 | Series B | Ribbit Capital (lead); Hillhouse Investment | $25M | $250M | Coalition is a San Francisco-based cyber insurance and security platform founded in 2017 by Joshua Motta and John Hering, offering cyber insurance products backed by global insurers like Swiss Re Corporate Solutions and Argo Group, alongside cybersecurity tools for small and medium-sized businesses (SMBs) to mitigate cyber risks. The company raised a Series B round of $25 million in equity in May 2019 led by Ribbit Capital, with participation from existing investors including Hillhouse Capital and Greenoaks Capital, alongside a $15 million secondary round and line of credit, at a post-money valuation of $250 million. This followed a $10 million Series A in March 2018 led by Ribbit Capital, Valor Equity Partners, and Vy Capital. The funding was aimed at expanding its global data platform, scaling cybersecurity risk management tools offered for free, and tripling the engineering and incident response team headcount. Post-Series B, Coalition grew significantly, expanding from about 20 employees in five cities to 106 in 19 cities across five countries, and increasing customers from 800 to over 25,000 by April 2020. From April 2019 to April 2020, the company reported a 600 percent increase in revenue or premiums, though exact revenue figures near the 2019 round are not specified. The cyber insurance market was noted at $4 billion, contrasting with the $100 billion cybersecurity industry, positioning Coalition to align incentives for breach prevention through insurance-linked risk management. Subsequent rounds included a $90 million Series C in May 2020 led by Valor Equity Partners at $890 million valuation, bringing total equity raised to $125 million, with participation from Felicis Ventures, Greyhound Capital, and prior backers. The company continued scaling, raising larger rounds like $175 million Series D in 2021 and $205 million Series E in September 2021 led by Durable Capital Partners, T. Rowe Price, and Whale Rock Capital, focusing on global expansion and product enhancements, with later valuations reaching over $3.5 billion and $4.97 billion by 2025. |
| May 2019 | Secondary | - | $15M | - | Coalition is a cyber insurance provider founded in 2017 offering active insurance combining cybersecurity tools and coverage. In May 2019, the company raised $25M in a Series B round led by Ribbit Capital to expand market presence and enhance product offerings, followed by a $15M secondary market transaction in the same month to provide liquidity to early investors and employees. Coalition continued fundraising with a $90M Series C in May 2020 led by Valor Equity Partners, scaling to $800M total raised across seven rounds by 2025. |
| Mar 2018 | Series A | Ribbit Capital (lead); Valor Equity Partners (lead); Vy Capital (lead); Deep Nishar; Sam Altman | $10M | - | - |
Who has invested in Coalition?
17 investors have backed Coalition across its funding rounds, including Ribbit Capital, Valor Equity Partners, Vy Capital, Hillhouse Investment, Index Ventures and Felicis.
Lead investors include Allianz, Mitsui Sumitomo Insurance Company, Allianz X, Kinetic Partners, Valor Equity Partners and 6 other investors.
Coalition Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 4 | Lead | Mar 2018 | |
| Chicago, IL | 4 | Lead | Mar 2018 | |
 Dubai | 3 | Lead | Mar 2018 | |
 Singapore | 2 | Participant | May 2019 | |
 Munich | 1 | Lead | May 2026 | |
 London | 1 | Lead | Jul 2022 | |
| London | 1 | Lead | Mar 2021 | |
| Munich | 1 | Lead | Jul 2022 | |
| Washington, DC | 1 | Lead | Sep 2021 | |
| San Francisco, CA | 1 | Participant | May 2020 | |
| Baltimore, MD | 1 | Lead | Sep 2021 | |
| New York City, NY | 1 | Participant | Mar 2021 | |
 Tokyo | 1 | Lead | Mar 2025 | |
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Start Free TrialAcquisitions by Coalition
Coalition has acquired 5 companies to date.
Last acquisition by Coalition was on November 6th 2025. Coalition acquired Wirespeed for undisclosed valuation.
Latest Acquisitions by Coalition
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Digital Affect Insurance Company | |||||
| Description | Wirespeed is a cybersecurity firm based in San Francisco focused on high-speed threat detection for enterprises. Its platform disrupts attackers by analyzing network traffic at computing speeds, simplifying security operations for businesses from startups to Fortune 500 companies. Wirespeed employs machine learning to identify zero-day exploits and ransomware in real time. The company serves sectors like finance and healthcare, processing petabytes of data daily. Partnerships with cloud providers such as AWS enhance its scalability. Launched in 2020, Wirespeed raised $15 million in Series A funding to expand its global footprint. | Jumbo Privacy is a New York-headquartered mobile app available on iOS and Android that scans and manages user privacy settings across 30,000 apps. Launched in 2019, it blocks trackers from companies like Google and Facebook, notifies users of data risks, and automates privacy controls. The app has over 5 million downloads and partnerships with privacy advocacy groups. | Digital Affect Insurance Company is a provider of specialty insurance for fire, automobile, and fine art risks. Based in the United States, it covers individuals, museums, galleries, auction houses, and corporations with tailored policies for collections valued over $10 million. The firm partners with conservators for risk mitigation services, settling claims through digital portals. Operating since 2015, it maintains an A.M. Best rating for financial stability. | Attune is a New York-based digital insurance agency licensed in all 50 US states offering instant quotes for small business policies. It underwrites Business Owners, Workers Compensation, General Liability, and Professional Liability through carriers like Markel and Philadelphia Insurance. The platform serves classes including restaurants, contractors, and consultants. Launched in 2016, Attune processes thousands of policies monthly. | |
| HQ Country | |  | | | |
| HQ City | St Louis, MO | Paris | - | New York City, NY | |
| Deal Date | 6 Nov 2025 | 30 Jun 2023 | 15 Aug 2022 | 5 Oct 2021 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Coalition Competitors
Coalition competitors include listed companies like BlackBerry, Trend Micro and Varonis Systems, and private ones like Abnormal AI, Cato Networks and Island.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Las Vegas, NV | Private | $200M | - | $5.1B | 25.5x | |
 Tel Aviv | Private | $300M | - | $4.8B | 16.0x | |
| Dallas, TX | Private | - | - | $4.8B | - | |
 Canada | Publicly listed | $549M | $83M | $4.7B | 7.8x | |
| Japan | Publicly listed | $1.8B | $488M | $5.4B | 2.1x | |
| United States | Publicly listed | $624M | ($147M) | $5.5B | 7.5x |
Coalition Public Comps
Coalition is still privately-owned, but its public comps include White Mountains, Challenger, CNO Financial Group, Selective Insurance, Bank of Cyprus, BlackBerry, Trend Micro, Radian Group, Sunshine Insurance Group and Varonis Systems.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.9B | $1.4B | 2.3x | - | 4.7x | - | |||
| $2.1B | $491M | 2.6x | 7.9x | 11.2x | 11.4x | |||
| $4.5B | $843M | 1.9x | 2.0x | 10.0x | - | |||
| $5.3B | $672M | 1.2x | 1.3x | 9.4x | 9.3x | |||
| $1.2B | - | 4.4x | 4.4x | - | - | |||
| $549M | $83M | 8.3x | 7.8x | 54.9x | 36.6x | |||
| $1.8B | $488M | 2.2x | 2.1x | 8.0x | 8.1x | |||
| $1.2B | $905M | 5.0x | 3.2x | 6.6x | - | |||
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Common questions about Coalition
| When was Coalition founded? | Coalition was founded in 2017. |
| Where is Coalition headquartered? | Coalition is headquartered in San Francisco, CA, United States. |
| Is Coalition publicly listed? | No, Coalition is a private, VC-backed company. |
| What is Coalition's valuation? | Coalition was last valued at $5B in its Series F in July 2022. |
| How much funding has Coalition raised? | Coalition has raised $785M across 8 funding rounds. |
| What was Coalition's last funding round? | Coalition's last funding round was a strategic investment round in May 2026, led by Allianz. |
| Who are Coalition's investors? | Coalition's investors include Ribbit Capital, Valor Equity Partners, Vy Capital, Hillhouse Investment, Allianz, Kinetic Partners, Index Ventures, Allianz X, Durable Capital Partners, Felicis and 7 others. |
| What is Coalition's revenue? | Coalition's latest recorded revenue is $325M (September 2021). |
| What is Coalition's revenue multiple? | Coalition's latest valuation implies a 10.8x revenue multiple ($3.5B valuation on $325M of revenue). |
| Which companies are comparable to Coalition? | Companies comparable to Coalition include Abnormal AI, Cato Networks, Island, BlackBerry, Trend Micro and Varonis Systems. |
| How many companies has Coalition acquired? | Coalition has acquired 5 companies, including Wirespeed, Jumbo Privacy, Digital Affect Insurance Company, Attune and BinaryEdge. |
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