San Francisco, Calif.-based Coalition, a cyber insurance and security company, announced it has raised $90 million in equity capital to support its growth and global expansion.
Valor Equity Partners led the funding with participation from Felicis Ventures, Greyhound Capital, and Coalition’s existing investors.
The investment comes as the company’s customer base crosses 25,000. Coalition’s product offerings include insurance and proactive cybersecurity tools.
The funding will help Coalition target three key areas:
- Cybersecurity Access: Coalition will continue to make available at no cost cybersecurity capabilities to small and midsize businesses.
- International expansion: Coalition plans to make its offerings available globally starting with Canada.
- New Products: Coalition plans to develop additional insurance products to address a new range of threats technology brings to both tangible and intangible assets.
In total, Coalition has raised $125 million in equity funding from investors, including Vy Capital, Ribbit Capital, Hillhouse Capital, Valor Equity Partners, and Greenoaks Capital, among others. All existing investors participated in Coalition’s latest round of funding.
Coalition has presences in San Francisco, New York, Los Angeles, Chicago, Dallas, Washington D.C., Miami, Atlanta, Denver, Austin, and now Vancouver and Toronto.
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