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)