Coalition valuation, funding and investors

Coalition works in cyber insurance underwriting, based in San Francisco, United States. Founded in 2017, it has about 706 employees.

Insurance - Agents, Carriers & Brokers San Francisco Series F

VALUATION · TODAY

$2.76B −13% after Series F

Range $573M – $8.26B · Grade D

TODAY

+12 MO

$2.50B

$5.00B

$7.50B

$10.00B

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

Series A $10.0M

Series C $90.0M

Series D $175M

Series E $205M

Series F $250M

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY706 employees

−4%6m growth

−8%1y growth

+2%2y growth

500

1,000

Data from Jan 2021

TODAY

Predicted in 1 yr $2.39B −13% vs today

Predicted next raise $845M if a round comes

Winding-down probability 47%

Last round: Series F · $250M · Jul 2022
Valuation at last round: $5.00B
Headcount: 706 · flat
Grade: D
Founded: 2017

How VCMC values companies →

Coalition valuation today

VCMC values Coalition at $2.8B today, with a range of $573M to $8.3B and a grade of D. The valuation starts from its last funding round, a Series F round in Jul 2022.

Valuation by date (123 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Coalition: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2017	$8.37M	$3.05M – $23.0M	$11.5M (+37%)	before first round	–	unknown	D	0%
1 Feb 2017	$8.60M	$3.13M – $23.6M	$11.8M (+37%)	before first round	–	unknown	D	0%
1 Mar 2017	$8.81M	$3.21M – $24.2M	$12.1M (+37%)	before first round	–	unknown	D	0%
1 Apr 2017	$9.05M	$3.29M – $24.9M	$12.4M (+37%)	before first round	–	unknown	D	0%
1 May 2017	$9.29M	$3.38M – $25.5M	$12.7M (+37%)	before first round	–	unknown	D	0%
1 Jun 2017	$9.54M	$3.47M – $26.2M	$13.1M (+37%)	before first round	–	unknown	D	0%
1 Jul 2017	$9.79M	$3.56M – $26.9M	$13.4M (+37%)	before first round	–	unknown	D	0%
1 Aug 2017	$10.1M	$3.66M – $27.6M	$13.8M (+37%)	before first round	–	unknown	D	0%
1 Sep 2017	$10.3M	$3.76M – $28.4M	$14.2M (+37%)	before first round	–	unknown	D	0%
1 Oct 2017	$10.6M	$3.86M – $29.1M	$14.5M (+37%)	before first round	–	unknown	D	0%
1 Nov 2017	$10.9M	$3.96M – $29.9M	$14.9M (+37%)	before first round	–	unknown	D	0%
1 Dec 2017	$11.2M	$4.07M – $30.7M	$15.3M (+37%)	before first round	–	unknown	D	0%
1 Jan 2018	$11.5M	$4.18M – $31.5M	$15.7M (+37%)	before first round	–	unknown	D	0%
1 Feb 2018	$11.8M	$4.29M – $32.4M	$16.2M (+37%)	before first round	–	unknown	D	0%
1 Mar 2018	$55.6M	$36.5M – $152M	$100M (+80%)	after a round	–	unknown	C	0%
1 Apr 2018	$58.5M	$36.5M – $152M	$100M (+71%)	after a round	–	unknown	C	0%
1 May 2018	$61.4M	$36.5M – $152M	$100M (+63%)	after a round	–	unknown	C	0%
1 Jun 2018	$64.5M	$36.5M – $152M	$100M (+55%)	after a round	–	unknown	C	0%
1 Jul 2018	$67.7M	$36.5M – $152M	$100M (+48%)	after a round	–	unknown	C	0%
1 Aug 2018	$71.2M	$36.5M – $152M	$100M (+40%)	after a round	–	unknown	C	0%
1 Sep 2018	$74.8M	$36.5M – $152M	$100M (+34%)	after a round	–	unknown	C	0%
1 Oct 2018	$78.5M	$36.5M – $152M	$100M (+27%)	after a round	–	unknown	C	0%
1 Nov 2018	$82.5M	$36.5M – $152M	$100M (+21%)	after a round	–	unknown	C	0%
1 Dec 2018	$86.6M	$36.5M – $152M	$100M (+15%)	after a round	–	unknown	C	0%
1 Jan 2019	$91.1M	$36.5M – $152M	$100M (+10%)	after a round	–	unknown	C	0%
1 Feb 2019	$95.7M	$36.5M – $152M	$100M (+4%)	after a round	–	unknown	C	0%
1 Mar 2019	$100M	$36.5M – $152M	$100M (0%)	after a round	–	unknown	C	0%
1 Apr 2019	$100M	$34.6M – $152M	$100M (0%)	after a round	–	unknown	C	0%
1 May 2019	$100M	$33.0M – $152M	$100M (0%)	after a round	–	unknown	C	0%
1 Jun 2019	$100M	$31.3M – $152M	$100M (0%)	after a round	–	unknown	C	0%
1 Jul 2019	$100M	$29.8M – $152M	$100M (0%)	after a round	–	unknown	C	0%
1 Aug 2019	$100M	$28.4M – $152M	$100M (0%)	after a round	–	unknown	C	0%
1 Sep 2019	$100M	$26.9M – $152M	$100M (0%)	after a round	–	unknown	C	0%
1 Oct 2019	$100M	$25.7M – $152M	$100M (0%)	after a round	–	unknown	C	0%
1 Nov 2019	$100M	$24.4M – $152M	$100M (0%)	after a round	–	unknown	C	0%
1 Dec 2019	$100M	$23.2M – $152M	$100M (0%)	after a round	–	unknown	C	0%
1 Jan 2020	$100M	$22.1M – $152M	$100M (0%)	after a round	–	unknown	C	0%
1 Feb 2020	$100M	$21.0M – $152M	$100M (0%)	after a round	–	unknown	C	0%
1 Mar 2020	$100M	$20.0M – $152M	$100M (0%)	after a round	–	unknown	D	0%
1 Apr 2020	$100M	$19.0M – $152M	$100M (0%)	after a round	–	unknown	D	0%
1 May 2020	$100M	$18.1M – $152M	$100M (0%)	after a round	–	unknown	D	0%
21 May 2020	$891M	$774M – $1.3B	$1.2B (+30%)	after a round	–	unknown	A	0%
1 Jun 2020	$898M	$774M – $1.3B	$1.2B (+29%)	after a round	–	unknown	A	0%
1 Jul 2020	$917M	$774M – $1.3B	$1.2B (+26%)	after a round	–	unknown	A	0%
1 Aug 2020	$938M	$774M – $1.3B	$1.2B (+23%)	after a round	–	unknown	A	0%
1 Sep 2020	$959M	$774M – $1.3B	$1.2B (+21%)	after a round	–	unknown	A	0%
1 Oct 2020	$980M	$774M – $1.3B	$1.2B (+18%)	after a round	–	unknown	A	0%
1 Nov 2020	$1.0B	$774M – $1.3B	$1.2B (+15%)	after a round	–	unknown	A	0%
1 Dec 2020	$1.0B	$774M – $1.3B	$1.2B (+13%)	after a round	–	unknown	A	0%
1 Jan 2021	$1.0B	$774M – $1.3B	$1.2B (+11%)	after a round	100	unknown	A	0%
1 Feb 2021	$1.1B	$774M – $1.3B	$1.2B (+8%)	after a round	100	unknown	A	0%
1 Mar 2021	$1.1B	$774M – $1.3B	$1.2B (+6%)	after a round	100	unknown	A	0%
18 Mar 2021	$1.8B	$1.5B – $2.6B	$2.3B (+30%)	after a round	100	unknown	A	0%
1 Apr 2021	$1.8B	$1.5B – $2.6B	$2.3B (+29%)	after a round	100	flat	A	0%
1 May 2021	$1.8B	$1.5B – $2.6B	$2.3B (+26%)	after a round	100	flat	A	0%
1 Jun 2021	$1.8B	$1.5B – $2.6B	$2.3B (+23%)	after a round	100	flat	A	0%
1 Jul 2021	$1.9B	$1.5B – $2.6B	$2.3B (+20%)	after a round	100	flat	A	0%
1 Aug 2021	$1.9B	$1.5B – $2.6B	$2.3B (+18%)	after a round	100	flat	A	0%
1 Sep 2021	$2.0B	$1.5B – $2.6B	$2.3B (+15%)	after a round	100	flat	A	0%
29 Sep 2021	$3.5B	$3.0B – $5.2B	$4.6B (+30%)	after a round	100	flat	A	0%
1 Oct 2021	$3.5B	$3.0B – $5.2B	$4.6B (+30%)	after a round	100	flat	A	0%
1 Nov 2021	$3.6B	$3.0B – $5.2B	$4.6B (+27%)	after a round	100	flat	A	0%
1 Dec 2021	$3.7B	$3.0B – $5.2B	$4.6B (+24%)	after a round	100	flat	A	0%
1 Jan 2022	$3.7B	$3.0B – $5.2B	$4.6B (+21%)	after a round	100	flat	A	0%
1 Feb 2022	$3.8B	$3.0B – $5.2B	$4.6B (+19%)	after a round	330	growing	A	0%
1 Mar 2022	$3.9B	$3.0B – $5.2B	$4.6B (+16%)	after a round	330	growing	A	0%
1 Apr 2022	$4.0B	$3.0B – $5.2B	$4.6B (+14%)	after a round	330	growing	A	0%
1 May 2022	$4.1B	$3.0B – $5.2B	$4.6B (+11%)	after a round	330	growing	A	0%
1 Jun 2022	$4.2B	$3.0B – $5.2B	$4.6B (+9%)	after a round	330	growing	A	0%
1 Jul 2022	$4.3B	$3.0B – $5.2B	$4.6B (+7%)	after a round	330	growing	A	0%
9 Jul 2022	$5.0B	$4.3B – $7.5B	$6.5B (+30%)	after a round	330	growing	A	0%
1 Aug 2022	$5.1B	$4.3B – $7.5B	$6.5B (+28%)	after a round	330	growing	A	0%
1 Sep 2022	$5.2B	$4.3B – $7.5B	$6.5B (+25%)	after a round	330	growing	A	0%
1 Oct 2022	$5.3B	$4.3B – $7.5B	$6.5B (+22%)	after a round	330	growing	A	0%
1 Nov 2022	$5.4B	$4.3B – $7.5B	$6.5B (+20%)	after a round	330	unknown	A	0%
1 Dec 2022	$5.6B	$4.3B – $7.5B	$6.5B (+17%)	after a round	330	unknown	A	0%
1 Jan 2023	$6.0B	$4.3B – $8.5B	$7.4B (+22%)	after a round	580	growing	B	0%
1 Feb 2023	$6.2B	$4.3B – $8.5B	$7.4B (+18%)	after a round	580	growing	B	0%
1 Mar 2023	$6.4B	$4.3B – $8.5B	$7.4B (+15%)	after a round	580	growing	B	0%
1 Apr 2023	$6.6B	$4.3B – $8.5B	$7.4B (+11%)	after a round	580	growing	B	0%
1 May 2023	$6.8B	$4.3B – $8.5B	$7.4B (+7%)	after a round	580	growing	B	0%
1 Jun 2023	$7.1B	$4.3B – $8.5B	$7.4B (+4%)	after a round	580	growing	B	0%
1 Jul 2023	$7.3B	$4.3B – $8.5B	$7.4B (+1%)	after a round	580	growing	B	0%
1 Aug 2023	$7.4B	$4.4B – $8.5B	$7.4B (0%)	after a round	580	growing	B	0%
1 Sep 2023	$7.4B	$4.1B – $8.5B	$7.4B (0%)	after a round	580	unknown	B	0%
1 Oct 2023	$7.5B	$4.0B – $8.6B	$7.5B (0%)	after a round	620	flat	B	0%
1 Nov 2023	$7.5B	$3.8B – $8.6B	$7.5B (0%)	after a round	620	flat	B	0%
1 Dec 2023	$7.5B	$3.7B – $8.6B	$7.5B (0%)	after a round	620	flat	B	0%
1 Jan 2024	$7.5B	$3.6B – $8.6B	$7.5B (0%)	after a round	620	flat	B	0%
1 Feb 2024	$7.5B	$3.4B – $8.6B	$7.5B (0%)	after a round	620	flat	B	0%
1 Mar 2024	$7.5B	$3.4B – $8.6B	$7.5B (0%)	after a round	640	flat	B	0%
1 Apr 2024	$7.5B	$3.2B – $8.6B	$7.5B (0%)	after a round	640	flat	B	0%
1 May 2024	$7.5B	$3.1B – $8.6B	$7.5B (0%)	after a round	640	flat	B	0%
1 Jun 2024	$7.5B	$3.0B – $8.6B	$7.5B (0%)	after a round	640	flat	B	0%
1 Jul 2024	$7.5B	$2.9B – $8.6B	$7.5B (0%)	after a round	640	flat	B	0%
1 Aug 2024	$7.6B	$4.0B – $8.8B	$7.6B (0%)	after a round	690	up	B	0%
1 Sep 2024	$7.6B	$4.0B – $8.8B	$7.6B (-1%)	after a round	690	up	B	0%
1 Oct 2024	$7.6B	$3.9B – $8.8B	$7.5B (-1%)	after a round	690	up	B	0%
1 Nov 2024	$7.7B	$3.8B – $8.8B	$7.5B (-2%)	after a round	700	up	B	0%
1 Dec 2024	$7.7B	$3.7B – $8.8B	$7.5B (-2%)	after a round	700	up	B	0%
1 Jan 2025	$7.7B	$3.7B – $8.8B	$7.5B (-3%)	after a round	700	up	B	0%
1 Feb 2025	$7.7B	$3.6B – $8.8B	$7.4B (-3%)	after a round	700	up	B	0%
1 Mar 2025	$7.7B	$3.5B – $8.8B	$7.4B (-4%)	after a round	700	up	B	0%
1 Apr 2025	$7.7B	$3.5B – $8.8B	$7.4B (-4%)	after a round	700	up	B	0%
1 May 2025	$7.7B	$1.7B – $8.8B	$7.2B (-5%)	after a round	700	flat	C	0%
1 Jun 2025	$7.7B	$1.6B – $8.8B	$7.2B (-6%)	after a round	700	flat	C	0%
1 Jul 2025	$7.8B	$3.4B – $9.0B	$7.5B (-4%)	after a round	768	up	B	0%
1 Aug 2025	$7.8B	$2.6B – $9.0B	$7.5B (-4%)	after a round	766	up	C	0%
1 Sep 2025	$7.8B	$2.5B – $8.9B	$7.5B (-4%)	after a round	766	up	C	0%
1 Oct 2025	$7.7B	$2.4B – $8.9B	$7.3B (-6%)	after a round	766	up	C	0%
1 Nov 2025	$7.6B	$1.3B – $8.8B	$7.2B (-6%)	after a round	756	flat	C	0%
1 Dec 2025	$7.6B	$1.2B – $8.8B	$7.2B (-6%)	after a round	756	flat	C	0%
1 Jan 2026	$7.6B	$1.2B – $8.7B	$7.1B (-6%)	after a round	756	flat	D	0%
1 Feb 2026	$7.5B	$1.1B – $8.6B	$7.0B (-7%)	after a round	738	flat	D	0%
1 Mar 2026	$7.4B	$1.1B – $8.5B	$6.8B (-8%)	after a round	738	flat	D	0%
1 Apr 2026	$7.3B	$1.0B – $8.4B	$6.8B (-8%)	after a round	738	flat	D	0%
1 May 2026	$7.1B	$951M – $8.2B	$6.5B (-9%)	after a round	710	flat	D	0%
1 Jun 2026	$4.4B	$904M – $8.4B	$3.5B (-21%)	after a round	710	flat	D	38%
1 Jul 2026	$4.3B	$860M – $8.3B	$3.4B (-20%)	after a round	710	flat	D	38%
1 Aug 2026	$4.1B	$818M – $8.3B	$3.4B (-17%)	after a round	710	flat	D	38%
1 Sep 2026	$4.0B	$777M – $8.2B	$3.4B (-16%)	after a round	710	flat	D	38%
1 Oct 2026	$3.5B	$739M – $8.3B	$2.9B (-16%)	after a round	706	flat	D	47%
24 Oct 2026	$2.8B	$573M – $8.3B	$2.4B (-13%)	after a round	706	flat	D	47%

Key facts about Coalition

Founded: 2017
Headquarters: San Francisco, United States
Employees: about 706 -8% in a year
Total raised: $730M
Funding rounds: 5
Last round: Series F Jul 2022

Coalition was founded in 2017 by Ben Burch, Chris Burch, John Hering and Joshua Motta.

Coalition funding history

Coalition has 5 funding rounds on record, from Feb 2018 to Jul 2022, $730M in total. The latest disclosed valuation is $5.00B post-money (Series F, Jul 2022).

Series F 8 Jul 2022
Led by Allianz X, Valor, Kinetic Partners.
Sources: coalitioninc.com, coalitioninc.com, insurtechinsights.com and 2 more
$250M
$5.00B post-money
Series E 28 Sep 2021
Led by Durable Capital Partners, T. Rowe Price Associates, Whale Rock Capital.
Sources: globenewswire.com, coalitioninc.com, techcrunch.com and 4 more
$205M
$3.50B post-money
Series D 17 Mar 2021
Led by Index Ventures; with General Atlantic, Swiss Re, Arch Insurance, Ribbit, Vy Capital, Valor.
Sources: coverager.com, insurtechinsights.com, coalitioninc.com
$175M
$1.75B post-money
Series C 20 May 2020
Led by Valor; with Felicis, Greyhound Capital.
Sources: coalitioninc.com, techcrunch.com, msspalert.com and 3 more
$90M
$890M post-money
Series A 28 Feb 2018
With Vy Capital, Ribbit, Valor.
Sources: finsmes.com, coalitioninc.com, insurancebusinessmag.com and 4 more
$10M

Coalition investors

14 investors have backed Coalition; Valor, Allianz X and Durable Capital Partners and 4 more led at least one round.

Valor lead, 4 rounds
Allianz X lead
Durable Capital Partners lead
Index Ventures lead
Kinetic Partners lead
T. Rowe Price Associates lead
Whale Rock Capital lead
Ribbit 2 rounds
Arch Insurance
Felicis
General Atlantic
Greyhound Capital
Swiss Re

What Coalition does

Coalition works in insurance - agents, carriers & brokers, with 13 recorded offerings and customers in cybersecurity and insurance.

Coalition, Inc. is an American company engaged in cyber insurance and cybersecurity services. The company provides insurance products such as cyber insurance, technology errors and omissions, executive risks, and professional liability, as well as cybersecurity services including managed detection and response, security awareness training, and incident response. Coalition serves a global clientele, including clients in the United States, United Kingdom, Europe, and Canada. The company also operates a cyber risk platform and utilizes AI technologies to protect against cyber threats.

Description from Veridion's company data.

Products and services

Cyber Insurance Underwriting
Active Cyber Insurance Solutions
Technology Errors and Omissions Insurance Underwriting
Executive Risk Insurance Underwriting
Professional Liability Insurance Underwriting
Managed Detection and Response Services
Security Awareness Training Services
Incident Response Services
Cyber Risk Platform Solutions
AI-Powered Cybersecurity Solutions
Cybersecurity Research and Development
Policyholder Claims Recovery Services
Digital Risk Mitigation Consulting

Markets

Cybersecurity
Insurance

Technology

AI-Driven Cyber Threat Detection

Business model

Business-to-Business
Service Provider
Enterprise

Industry codes (NAICS)

524126 Direct Property and Casualty Insurance Carriers 50% match
541690 Other Scientific and Technical Consulting Services 30% match
541512 Computer Systems Design Services 20% match

Questions about Coalition

What is Coalition worth?

Valuation $2.8B (range $573M to $8.3B), as of 24 Oct 2026. The last disclosed valuation was $5.00B (Series F, Jul 2022).

Has Coalition raised money?

Coalition has 5 funding rounds on record, from Feb 2018 to Jul 2022, $730M in total. The latest disclosed valuation is $5.00B post-money (Series F, Jul 2022).

Who has invested in Coalition?

Valor, Allianz X, Durable Capital Partners, Index Ventures, Kinetic Partners and T. Rowe Price Associates, and 8 more. Lead investors include Valor, Allianz X, Durable Capital Partners and Index Ventures.

How many people work at Coalition?

About 706, down 8% over the last year. Headcount grew from 100 in Jan 2021 to 706 in Sep 2026.

What does Coalition do?

Coalition works in insurance - agents, carriers & brokers, with 13 recorded offerings and customers in cybersecurity and insurance. Its main offerings are cyber insurance underwriting, active cyber insurance solutions and technology errors and omissions insurance underwriting.

When was Coalition founded, and where is it based?

Coalition was founded in 2017 and is based in San Francisco, United States. It has about 706 employees, down 8% over the last year.

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