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The Cyber ​​Risk Specialist Coalition raises $ 250 million; total valuation to $ 5 billion



Insurtech Coalition Inc., a managing general agent specializing in cyber risk, said on Friday that it has raised an additional $ 250 million in capital, increasing its total valuation to $ 5 billion.

Participation in the financing round, which ended in June, was the Allianz SE unit Allianz X, Chicago-based Valor Equity Partners, New York-based Kinetic Partners LP and other existing investors, the company said in a statement.

The San Francisco-based coalition said the funding will be used to accelerate growth, for international expansion and to broaden its services.

Allianz said last month that it has entered into a multi-year partnership with Coalition Inc. under which it will provide Coalition with long-term capabilities for its US cyber programs and lead Coalition̵

7;s UK cyber programs when it launches later this year.

The Cyber ​​Risk Specialist Coalition raises $ 250 million; total valuation to $ 5 billion OK Yes

JUDY GREENWALD

Insurtech Coalition Inc., a managing general agent specializing in cyber risk, said on Friday that it has raised an additional $ 250 million in capital, increasing its total valuation to $ 5 billion.

Participation in the financing round, which ended in June, was the Allianz SE unit Allianz X, Chicago-based Valor Equity Partners, New York-based Kinetic Partners LP and other existing investors, the company said in a statement.

The San Francisco-based coalition said the funding will be used to accelerate growth, for international expansion and to broaden its services.

Allianz said last month that it has entered into a multi-year partnership with Coalition Inc. under which it will provide Coalition with long-term capabilities for its US cyber programs and lead Coalition’s UK cyber programs when it launches later this year.


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