July 2021 CNBC “Power Lunch” interview with CEO Joshua Motta (3.5 minutes)
Cybersecurity insurance startup Coalition has been on a tear this year achieving unicorn status on the back of two mega-rounds of capital ($175M in March, $205M in September). And CEO Joshua Motta made the rounds meeting with Joe Biden and being interviewed on CNBC’s Power Lunch (see above) among others.
Company valuation hit $3.5B with the Sept round, double the $1.75B established in Q1 2021, and 4x the $800M valuation 16 months earlier (May 2020). And more importantly, the companies premium originations are up 9 fold YOY, with an annual run rate of $500M (see details below).
Coalition’s customization options
Business Overview
Products
- Cybersecurity insurance with numerous modules that can be added for an additional cost (see screenshot inset)
- Tech E&O
- Directors & Officers (D&O) and Employment Practices Liability (EPL) (launched 8 Nov 2021)
Markets
- United States (coverage to US$15M)
- Canada (coverage to CDN$20M)
Tools
- Cyberscurity monitoring (see overview and demo below)
- Employee training
Company Vitals
Coalition
FAB score: 82
Ranks:
– #2 on our list of Top 15 Digital SMB Insurers (based on FAB score)
– #1 in publicly disclosed valuation (based on Sep 2021 round)
HQ: San Francisco, California
Founded: 2017
- Traction:
– Valuation: $3.5B (based on Sep 2021 round)
– Raised: $520M (Crunchbase)
– $380M in 2021
– Employees: 265 (Techcrunch)
– Website visits (Oct 2021): 73,000 (SimilarWeb)
– $325M run rate (gross written premiums), up 9-fold over 2020 (TechCrunch, Sep 2021)
– $500M combined annual run rate after acquiring Attune with combined customer base of 130,000 (InsurTechInsights, Oct 2021) - Social
Linkedin: 11,700 followers
Twitter: 800 followers
YouTube: 1,300 views, 27 subscribers
TrustPilot: NA (no reviews)
Resources
Quality articles:
– TechCrunch, 28 Sep 2021
– InsurTechInsights, 6 Oct 2021
Video:
– Overview & demo (at 24:45) of Coalition Control cybersecurity monitoring (40 mins, 16 Aug 2021)
