Coalition, founded in 2017 by Joshua Motta and John Hering, is a San Francisco-based company in the United States specializing in cyber insurance and proactive security services. Coalition employs between 471 employees (as of December 31, 2022) and combines sophisticated cybersecurity tools with professional liability, data-breach, and business-interruption coverage for industries like healthcare, retail, legal, IT and energy. Its platform branded as Active Insurance integrates threat detection, policy underwriting and claims settlement in one solution, positioning the firm at the forefront of digital risk management for businesses across North America and beyond.
What Is Coalition and What Does It Do?
Coalition, founded in 2017 by Joshua Motta and John Hering, is a San Francisco-based (United States) insurance-tech company. The company develops and offers an online property and casualty insurance platform focused on businesses, providing cyber insurance, error & omission coverage, professional liability, computer replacement, lost business income, breach-response costs and claims settlement services.
Coalition employs 471 people as of December 2022. Its platform spans multiple industries, including healthcare, retail, IT, legal and energy, leveraging automated risk-monitoring tools, threat intelligence and embedded insurance underwriting to help organisations manage and mitigate digital risk at scale.
How Much Funding Has Coalition Raised?
1. Series A
- Amount Raised: $10 M
- Date: March 2018
- Lead Investors: Ribbit Capital, Valor Equity Partners, Vy Capital
- Motivation: To develop and launch initial cyber insurance and security products
2. Series B
- Amount Raised: $25 M
- Date: May 2019
- Lead Investors: Ribbit Capital
- Motivation: To expand market presence and enhance product offerings
3. Secondary Market
- Amount Raised: $15 M
- Date: May 2019
- Motivation: To provide liquidity to early investors and employees
4. Series C
- Amount Raised: $90 M
- Date: May 2020
- Lead Investors: Valor Equity Partners
- Motivation: To scale operations and invest in technology development
5. Series D
- Amount Raised: $175 M
- Date: March 2021
- Lead Investors: Index Ventures
- Motivation: To accelerate growth and expand into new markets
6. Series E
- Amount Raised: $205 M
- Date: September 2021
- Lead Investors: Durable Capital Partners, T. Rowe Price, Whale Rock Capital Management
- Motivation: To enhance product capabilities and accelerate global expansion
7. Series F
- Amount Raised: $250 M
- Date: July 2022
- Lead Investors: Allianz X, Kinetic Partners, Valor Equity Partners
- Motivation: To further develop the Active Risk Platform and increase market penetration
8. Private Equity Round
- Amount Raised: $30 M
- Date: March 2025
- Lead Investors: Mitsui Sumitomo Insurance Company
- Motivation: To expand global access to cyber insurance solutions
Total Funding Raised: $800 Million
Current Valuation: $5 Billion (as of July 2022)
Latest Funding Date: March 2025
Key Investors
1. Mitsui Sumitomo Insurance Company
- Details: A major non-life insurer based in Japan and subsidiary of MS&AD Insurance Group.
- Investment Focus Areas: Insurance, financial services, risk management.
- Notable Investments: Partnership and equity investment in Coalition to enhance global cyber risk capabilities.
2. Valor Equity Partners
- Details: A strategic investment firm that partners with technology-driven companies across various growth stages.
- Investment Focus Areas: Technology, consumer, industrial, and healthcare sectors.
- Notable Investments: Coalition and other tech growth companies.
3. Index Ventures
- Details: A global venture capital firm investing in technology-driven companies.
- Investment Focus Areas: Software, e-commerce, consumer, enterprise technology.
- Notable Investments: Dropbox, Slack, Robinhood, and Coalition.
4. Durable Capital Partners
- Details: Investment firm focusing on long-term growth in both public and private markets.
- Investment Focus Areas: Technology, financial services, consumer goods.
- Notable Investments: Coalition and other high-growth private firms.
5. Allianz X
- Details: The digital investment unit of Allianz Group, one of the largest insurers globally.
- Investment Focus Areas: InsurTech, fintech, digital growth companies.
- Notable Investments: Coalition, Lemonade, N26, WeLab.
Where Is Coalition’s Headquarters?
Coalition is headquartered in San Francisco, United States. Being based in a major technology hub provides the company with access to cybersecurity talent, venture capital networks, and insurance innovation ecosystems. The U.S. location also supports its operations across North America, enabling coordination with brokers, carriers and enterprise clients as it scales its Active Insurance model globally.
What’s Next for Coalition?
Coalition is focused on expanding its “Active Insurance” offering internationally, leveraging the recent $30 M investment from Mitsui Sumitomo Insurance to enter new markets including the UK, Australia and Germany. The company aims to deepen its cyber risk platform, integrate more advanced detection and response tools, and continue building out its insurance coverage lines beyond cyber to broader P&C risks.
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