Funding round
Coalition Series A
Coalition, which works in cyber insurance underwriting in San Francisco, raised $10M in a Series A round announced on 28 Feb 2018. 3 firms took part. It is Coalition's first venture round on record.
$10M
Amount raised
Not disclosed
Post-money valuation
3
Investors
no lead named
Valuation
What this round says about the price
Coalition did not disclose a valuation in this round. It is Coalition's first venture round on record, 1 year after it was founded in 2017. It is 1.4% of the $730M Coalition has raised in the venture rounds on record. Coalition raised again 27 months later: a Series C round of $90M in May 2020, at $890M post-money.
Coalition's funding rounds
Coalition has 5 venture rounds on record. This one is highlighted.
- Series A this round 28 Feb 2018 $10M
- Series C 20 May 2020, led by Valor $90M$890M post-money
- Series D 17 Mar 2021, led by Index Ventures $175M$1.75B post-money
- Series E 28 Sep 2021, led by Durable Capital Partners, T. Rowe Price Associates and Whale Rock Capital $205M$3.50B post-money
- Series F 8 Jul 2022, led by Allianz X, Valor and Kinetic Partners $250M$5.00B post-money
Investors
Who put money in
3 firms took part; no lead investor was named.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
22 Series A rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $11M, and this round was close to the median. The closest in time, other companies' Series A rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 21 Feb 2018 | $9.5M | not disclosed | Canvas Prime |
| Insurance - Agents, Carriers & Brokers | 11 Jan 2018 | $9.0M | not disclosed | Founders Fund |
| Alan Insurance - Agents, Carriers & Brokers | 10 Apr 2018 | $28M | not disclosed | Index Ventures |
| Insurance - Agents, Carriers & Brokers | 30 Apr 2018 | $10M | not disclosed | Moor Davidow Ventures |
| Insurance - Agents, Carriers & Brokers | 10 Nov 2017 | $12M | not disclosed | White Star Capital and Alven |
| Insurance - Agents, Carriers & Brokers | 20 Nov 2017 | $7.9M | not disclosed | Balderton Capital |
| Devoted Health Insurance - Agents, Carriers & Brokers | 6 Oct 2017 | $62M | not disclosed | Andreessen Horowitz |
| Insurance - Agents, Carriers & Brokers | 4 Jun 2018 | $30M | not disclosed | Valar Ventures |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Coalition raise in its Series A round?
Coalition raised $10M in its Series A round, announced in Feb 2018.
Which investors took part in Coalition's Series A round?
Vy Capital, Ribbit and Valor.
What was Coalition's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Insurance - Agents, Carriers & Brokers?
22 Series A rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $11M, and this round was close to the median.
Did Coalition raise again after this round?
Yes: a Series C round in May 2020 of $90M at $890M post-money.