Funding round
Coalition Series F
Coalition, which works in cyber insurance underwriting in San Francisco, raised $250M in a Series F round announced on 8 Jul 2022, led by Allianz X, Valor and Kinetic Partners, at a $5.00B post-money valuation. 3 firms took part, 3 of them already investors. It is Coalition's fifth venture round on record; the one before was a Series E in Sep 2021.
$250M
Amount raised
$5.00B
Post-money valuation
$4.75B pre-money
3
Investors
3 leads
1.4x
Step-up from the Series E
$3.50B in Sep 2021
5.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Coalition at $5.00B after the new money, 1.4 times the $3.50B of its Series E (Sep 2021). The $250M bought investors about 5.0% of the company. It came 10 months after Coalition's Series E. It is 34% of the $730M Coalition has raised in the venture rounds on record. No later venture round is on record for Coalition.
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 28 Sep 2021, led by Durable Capital Partners, T. Rowe Price Associates and Whale Rock Capital $205M$3.50B post-money
- Series F this round 8 Jul 2022, led by Allianz X, Valor and Kinetic Partners $250M$5.00B post-money
Investors
Who put money in
Allianz X, Valor and Kinetic Partners led the round. Allianz X, Valor and Kinetic Partners had backed Coalition before.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Insurance - Agents, Carriers & Brokers, then Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 5 Sep 2022 | $34M | not disclosed | Cadence Growth Capital |
| Contentsquare Tech Companies | 21 Jul 2022 | $600M | $5.60B | Sixth Street |
| Guild Professional & Management Training | 9 Jun 2022 | $175M | $4.40B | Wellington Management |
| CRED Payment Processing & Point of Sale | 9 Jun 2022 | $140M | $6.40B | GIC |
| Devo Tech Companies | 2 Jun 2022 | $100M | $2.00B | Eurazeo |
| Tech Companies | 14 Jun 2022 | $83M | $1.10B | Silver Lake Waterman |
| Payment Processing & Point of Sale | 24 Jun 2022 | $80M | not disclosed | Asia Partners |
| Aircraft Parts & Services | 29 Jun 2022 | $10M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Coalition raise in its Series F round?
Coalition raised $250M in its Series F round, announced in Jul 2022.
Who led Coalition's Series F round?
Allianz X, Valor and Kinetic Partners led it.
What was Coalition's valuation at the Series F round?
$5.00B post-money ($4.75B pre-money).