Funding round
Coalition Series E
Coalition, which works in cyber insurance underwriting in San Francisco, raised $205M in a Series E round announced on 28 Sep 2021, led by Durable Capital Partners, T. Rowe Price Associates and Whale Rock Capital, at a $3.50B post-money valuation. 3 firms took part. It is Coalition's fourth venture round on record; the one before was a Series D in Mar 2021.
$205M
Amount raised
$3.50B
Post-money valuation
3
Investors
3 leads
2.0x
Step-up from the Series D
$1.75B in Mar 2021
5.9%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Coalition at $3.50B after the new money, 2.0 times the $1.75B of its Series D (Mar 2021). The $205M bought investors about 5.9% of the company. It came 6 months after Coalition's Series D. It is 28% of the $730M Coalition has raised in the venture rounds on record. Coalition raised again 10 months later: a Series F round of $250M in Jul 2022, at $5.00B post-money.
Coalition's funding rounds
Coalition has 5 venture rounds on record. This one is highlighted.
- Series A 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 this round 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
Durable Capital Partners, T. Rowe Price Associates and Whale Rock Capital led the round.
Lead investors
- Durable Capital Partners backs 39 venture-backed companies new investor
- T. Rowe Price Associates new investor
- Whale Rock Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and product development.
- Geographic expansion
- Scaling operations
- Product development
Comparable rounds
How it compares
The closest in time, other companies' Series E rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 17 Mar 2022 | $125M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 9 Mar 2022 | $75M | not disclosed | Georgian |
| Insurance - Agents, Carriers & Brokers | 29 Apr 2022 | $120M | $900M | Amansa Capital and Jungle Ventures |
| Insurance - Agents, Carriers & Brokers | 16 Aug 2022 | $80M | not disclosed | not named |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Coalition raise in its Series E round?
Coalition raised $205M in its Series E round, announced in Sep 2021.
Who led Coalition's Series E round?
Durable Capital Partners, T. Rowe Price Associates and Whale Rock Capital led it.
What was Coalition's valuation at the Series E round?
$3.50B post-money.
Did Coalition raise again after this round?
Yes: a Series F round in Jul 2022 of $250M at $5.00B post-money.