Fundraising Fox

Coalition

Unicorn · $5B

San Francisco, US · Founded 2017 · Delaware corporation · 9 known investors

coalitioninc.com

Coalition offers Active Insurance, a cybersecurity-focused insurance product designed to help organizations identify, mitigate, and respond to digital risks before they occur. The company serves businesses of all types across the US, UK, Europe, and Canada.

Also known as Coalition Inc · Coalition, Inc.

AI & Machine LearningCybersecurityInsurTech

Founders & leadership

Coalition was founded in 2017 by Joshua Motta and John Hering.

JMJoshua Motta
Joshua MottainCEO & Co-Founder
JH
John HeringCo-founder

Board

NSNick Shalek
Nick Shalekin𝕏Board directorGeneral Partner at Ribbit Capital
SSShardul Shah
Shardul Shahin𝕏Member, Board of DirectorsInvestor at Index Ventures

Investors · 9

Also in the syndicate · 4

Durable CapitalKinetic PartnersleadT. Rowe Price Associates IncWhale Rock Capital

Reported raises · per SEC filings

Form D private placements

$221.4M disclosed across 1 round · 2022

$221.4MraisedJul 2022 · 10 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Nick ShalekDirector
  • Joshua MottaExecutive Officer, Director
  • John HeringDirector
  • Shardul ShahDirector
Offering amount
$250M
Amount sold
$221.4M
First sale
Jun 2022
Incorporated
Corporation, Delaware, 2017
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$5Bvaluation at Series FJul 2022
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Coalition is a San Francisco-headquartered provider of cyber insurance and cybersecurity services. Its core offering, which it calls Active Insurance, bundles insurance coverage with cybersecurity tooling, threat intelligence, around-the-clock digital forensics and incident response, and a claims process aimed at digital risks such as ransomware, funds transfer fraud, and phishing. Alongside Active Cyber Insurance the company has offered Active Executive Risks Insurance and property & casualty insurance, plus standalone security products including the Coalition Control risk management platform, vulnerability management, security training, managed detection and response, and Wirespeed [0][1][2][3][6].

The company partners with traditional carriers and reinsurers rather than bearing full underwriting risk, retaining roughly 10% of the financial risk according to Forbes; named backers/capacity providers include Allianz, Swiss Re Corporate Solutions, Arch Insurance North America, Lloyd's of London, and Ascot Group [3][4]. Coalition describes itself as one of the largest cyber insurance and security providers in the United States and Canada, and Forbes characterizes it as the largest startup offering cyber insurance with proactive monitoring tools [3][4].

Coalition also operates an affiliate, Coalition Incident Response, and maintains a knowledge center publishing annual Cyber Claims Reports and threat research [0][2]. It describes itself as a distributed company with a global workforce collaborating digitally and through office hubs [3].

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Active policyholdersJan 2025110,000 policyholders
Claims frequency vs industry averageJan 202573%
ClientsJan 2026100,000 clients
Closed claims resolved with no out-of-pocket lossJan 2026$64
Customers with Active InsuranceJul 2022160,000 customers
EmployeesMar 20261,000 employees
Revenue growth year over yearJul 2022200%
Run rate gross written premiumJul 2022$775M
Share of underwriting risk retainedMar 202610%
Stolen funds recovered for policyholdersJan 2026$158M
Total equity funding raisedJul 2022$755M
Total fundingMar 2026$800M
ValuationJul 2022$5B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 10

by search overlap
Crowdstrike658 shared keywordsCrowdStrike provides an AI-native cybersecurity platform that unifies endpoint, identity, cloud, SaaS, and AI protection to detect and stop breaches for enterprise organizations. It combines automated response with human-led security operations including managed detection and response, threat hunting, and security services.
Netezza654 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
Upguard509 shared keywordsUpGuard provides a platform for managing cybersecurity risk, including third-party vendor and supply chain risk assessment. It is aimed at organizations seeking to evaluate and monitor the security posture of their vendors.
Embroker507 shared keywordsEmbroker is a digital-first business insurance provider that lets companies compare, purchase, and manage commercial insurance policies online, combining an insurance platform with expert broker support. It offers industry-specific coverage for businesses such as tech startups and law firms across the United States.
Palo Alto Networks470 shared keywordsPalo Alto Networks provides cybersecurity platforms and services to protect organizations' digital infrastructure across cloud, network, and security operations. The company serves enterprise organizations, governments, financial institutions, utilities, and healthcare providers globally.
illusive networks460 shared keywordsProofpoint offers a suite of enterprise security and compliance products that protect people, email, cloud apps, and data from human-centric cyber threats using machine learning and AI. Its tools also cover data loss prevention, communications archiving, e-discovery, compliance supervision, identity threat detection, and security awareness training.
Insureon459 shared keywordsInsureon is an online insurance agency that lets small business owners fill out a single application and compare quotes from multiple A+ rated carriers for coverage such as general liability, professional liability (E&O), workers' compensation, commercial property, BOP, cyber, umbrella, and commercial auto. It pairs its online quoting technology and customer portal with licensed insurance producers and account managers who advise clients across the United States.
Cloudflare Turnstile457 shared keywordsCloudflare provides a global cloud network platform delivering security, performance, and development services through sixty-plus integrated services including SASE, application security, and full-stack development infrastructure.
Sentinel One445 shared keywordsSentinelOne provides an AI-powered cybersecurity platform for enterprises that integrates endpoint protection, threat detection, and incident response capabilities. The company serves large enterprises, including many Fortune 500 organizations, to protect against cyber threats at scale.
Imperva401 shared keywordsImperva provides cybersecurity solutions to protect customers from cyberattacks across applications, data, and identities during digital transformation. The company serves enterprise customers including major financial institutions, telecom providers, and Fortune 100 companies.

Companies competing with Coalition for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 8

launches, deals, and filings
Jan 2026
Active Cyber Insurance for enterprises

Coalition's website promotes newly available Active Cyber Insurance for enterprises.

source ↗

Mar 2025
BinaryEdge standalone platform shut down

Coalition shut down BinaryEdge as a standalone platform on March 31, 2025, migrating customers to Coalition Control and offering pro-rated refunds on prepaid subscriptions.

source ↗

Jan 2025
Acquired Wirespeed

Coalition acquired Wirespeed, a startup using AI to reduce the time required to detect and mitigate cyber threats; Wirespeed appears among Coalition Security offerings.

source ↗

Jan 2025
International expansion into Denmark, France and Sweden

In 2025 Coalition continued international expansion with launches in Denmark, France and Sweden.

source ↗

Jun 2023
Acquired consumer privacy app Jumbo

Jumbo announced it was being acquired by Coalition Inc.; Jumbo ceased to exist as a standalone product and its ID Insurance coverage ended June 30, 2023.

source ↗

Jul 2022
Coalition closes $250M Series F at a $5 billion valuation

Coalition announced a $250 million round that closed in June 2022 with participation from Allianz X, Valor Equity Partners, Kinetic Partners and existing investors, raising its valuation from $3.5 billion to $5 billion.

$250M source ↗

Jan 2022
Planned UK Active Cyber program with Allianz

As of July 2022, Coalition said it would launch its UK active cyber program later that year in partnership with Allianz.

source ↗

Jan 2020
Acquired BinaryEdge

Coalition acquired BinaryEdge in 2020 and incorporated its scanning engine and data collection technology into the Coalition Control cyber risk management platform.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
CoalitionDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Coalition do?
Cyber insurance provider offering Active Insurance that pairs cyber coverage with security monitoring and incident response.
Who founded Coalition?
Coalition was founded by Joshua Motta, John Hering in 2017.
Who are Coalition's investors?
Coalition's investors include Allianz X, Felicis Ventures, Index Ventures, Valor Equity Partners, Ribbit Capital.
How much funding has Coalition raised?
Coalition has disclosed $221.4M raised across 1 round.
Where is Coalition headquartered?
Coalition is headquartered in San Francisco, US.