Valor Equity Partners is an operational growth investment firm that focuses on growth companies across various stages of development. For decades, it has served its companies with the expertise to solve the challenges of growth and scale. Valor Equity partners with companies and entrepreneurs who are committed to the highest standards of excellence and the courage to transform their industries.

Valor Equity Partners

Ribbit Capital is a venture capital firm that invests in early-stage companies. The firm invests globally in individuals and brands who are aiming to disrupt financial services.  The investment firm was founded in 2012 by Meyer Malka and headquartered in Palo Alto, California.

Ribbit Capital

Vy Capital is an investment firm that focuses on the internet and software industry. It was founded in 2013 by Alexander Tamas and is headquartered in Dubai, United Arab Emirates.

Vy Capital

Hillhouse Capital Group is an investment management firm that invests with a long-term time horizon. Hillhouse owns companies across equity stages, spanning the range from new start-ups to the world’s most established public companies. It may invest in a company as a start-up and continue to hold it in the portfolio as a public equity investment. This stage-agnostic investment style allows them to focus on multi-year results, rather than on quarterly earnings. Hillhouse Capital Group invests globally, with a particular focus on Asia. Independent, proprietary research lies at the heart of our investment process. Our team members are sector experts in consumer, Internet, media, and healthcare.  Hillhouse Capital Group was founded in 2005 and is based in Beijing, China.

Hillhouse Capital Group

Felicis Ventures is a venture capital firm based in Menlo Park, California. The firm invests in seed through Series C stage companies across multiple sectors and industries reinventing core markets, as well as those creating frontier technologies. Felicis currently manages over $2B in capital across 8 funds. The firm is an early backer of more than 40 companies valued at $1B+. More than 90 of its portfolio companies have been acquired or gone public since the firm was founded by Aydin Senkut in 2006.

Felicis

Greyhound is a specialist growth equity investment firm. By focusing on long-term concentrated investments, we partner with outstanding management teams to help build enduring companies that improve everyday lives. The firm manages assets on behalf of institutional investors, non-profit organizations and individuals. Since 2017, Greyhound has backed notable companies including Revolut, Guideline, Freee, Brex, Toss, TravelPerk, N26, Weee!, Satispay, DriveWealth and WealthNavi.

Greyhound Capital

Index Ventures is a venture capital firm based in London, San Francisco, and Geneva, helping entrepreneurs turn bold ideas into global businesses.  Since 1996, Index has partnered with exceptional entrepreneurs who are using technology to reshape the world. The companies they’ve started include Adyen, Deliveroo, Dropbox, Farfetch, King, Slack, and Supercell.

Index Ventures

General Atlantic is a private equity firm that provides capital and strategic support for growth companies. General Atlantic combines a collaborative approach, sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to build market businesses.

General Atlantic

T. Rowe Price is an investment management firm dedicated to funding technology startups. The firm serves individuals, financial intermediaries, and institutions and offers a full range of investment strategies across a broad spectrum: debt, equities, and private equities.

T. Rowe Price

Whale Rock Capital Management is an investment firm that focuses on the technology, media, and telecom sectors. The firm was established in 2006 and is headquartered in Boston, Massachusetts, United States.

Whale Rock Capital Management

Durable Capital Partners invests in small and mid-cap companies in both public and private markets. Their investment philosophy is grounded in sourcing small-cap and mid-cap compounders in both the private and public markets.

Durable Capital Partners

Allianz X is the digital investment unit of the Allianz Group and part of the Group’s Single Digital Agenda. Allianz X invests in digital growth companies that are part of its ecosystems related to insurance: Mobility, Connected Property, Connected Health, Wealth Management & Retirement, and Data Intelligence and Cybersecurity. It provides an interface between portfolio companies and the digital ecosystem within Allianz as well as drive innovation across Allianz’s operating entities and global lines of business.

Allianz X

Kinetic Partners (“Kinetic”) is an investment firm focused on global public and private equities. We search for investment opportunities that offer attractive risk-adjusted long-term returns. Our research targets are businesses and industries experiencing rapid change. The three key pillars that will drive our ability to perform at the highest level are our culture, process, and talent density. All three pillars are critical to our success. Kinetic seeks to compound capital at exceptional levels and do so with utmost integrity. By delivering top-class performance and operating with a strong moral compass, we will build both steadfast relationships and an enduring franchise. We are motivated by generating best-in-class returns, operating at our optimal potential as a team, helping entrepreneurs accomplish their goals, and improving the lives of the people that we touch.

Kinetic Partners

Coalition

Coalition is an active insurance company that combines comprehensive insurance and proactive cybersecurity tools to help businesses manage and mitigate cyber risk.  Backed by leading global insurers Allianz, Swiss Re Corporate Solutions, Arch Insurance North America, Lloyd’s of London, and Ascot Group, Coalition offers its insurance products in the US and Canada and its security products to organizations globally.  Coalition’s Active Risk Platform provides automated security alerts, threat intelligence, expert guidance, and cybersecurity tools to help businesses remain resilient in the face of cyber attacks. Headquartered in San Francisco, Coalition is a distributed company with a global workforce that collaborates both digitally and in-office hubs across the globe.

<div>Coalition offers cyber insurance to cover cyberattack-related incidents such as stolen funds, lost business income, ransomware extortion, computer replacements, breach response costs, and even costs related to reputation harm and repair. The company offers insurance with a maximum coverage of USD 15 million to companies with up to<a href="https://sp-edge.com/updates/16382">USD 5 billion</a>in revenue. Coalition&rsquo;s insurance policies are underwritten by insurance giants such as Swiss Re Corporate Solutions, Argo Group, and Lloyds of London.</div>

The latest line of defense against rising cyber attacks

Cyber Insurance

<div>
 
 Coalition offers cyber insurance to cover cyberattack-related incidents such as stolen funds, lost business income, ransomware extortion, computer replacements, breach response costs, and even costs related to reputation harm and repair. The company offers insurance with a maximum coverage of USD 15 million to companies with up to 
 <a href="https://sp-edge.com/updates/16382">
 USD 5 billion
 </a>
 in revenue. Coalition&rsquo;s insurance policies are underwritten by insurance giants such as Swiss Re Corporate Solutions, Argo Group, and Lloyds of London.
 
 
 Coalition also offers technology errors and omission (E&amp;O) insurance for protection against legal liability resulting from errors in the technology products they sell. It also offers cybersecurity solutions of its own, including an endpoint detection and response platform (EDR), managed services, risk assessment, and staff training services. Coalition combines its cybersecurity offering with its insurance business line to provide threat monitoring and real-time intelligence as well. The company&rsquo;s managed response teams act as the first line of defense, preventing attacks before they turn into insurance claims while helping companies assess losses and providing additional support during the claims process.
 
 
 In April 2023, 
 <a href="https://sp-edge.com/updates/16070">
 Coalition announced AI initiative &ldquo;CoalitionAI&quot;
 </a>
 , launching generative AI services for their broker and enterprise clients. Features at launch would include Cyber Insurance knowledge platforms providing AI powered insights to brokers and businesses - with plans to add features that will support quoting, underwriting, and incident response.&nbsp;
 
 
 Coalition has grown significantly through acquisitions, snapping up BinaryEdge in 2019 to build vulnerability scanning tools, and commercial insurer Attune in October 2021 to leverage its significant insurance marketplace.
 
 
 In August 2022, the company 
 <a href="https://sp-edge.com/updates/12452">
 acquired
 </a>
 the property and casualty insurer, Digital Affect Insurance Company from Munich Re Digital Partners US. The acquisition enabled it to offer insurance policies through its own admitted insurance carrier.
 
 
 In July 2023, 
 <a href="https://sp-edge.com/updates/20094">
 Coalition acquired Jumbo
 </a>
 , a consumer privacy smartphone application, in what was reportedly an acqui-hire deal to gain access to Jumbo&rsquo;s team and security expertise.
 
 
 Key customers and partnerships
 
 
 As of August 2022, the company served more than 160,000 customers. Coalition offers its active cyber insurance offering to the US, UK, and Canada through global insurers, including Arch Insurance North America, Allianz, Ascot Group, Lloyd's of London, Swiss Re Corporate Solutions, Vantage, and Zurich American Insurance Company.
 
 
 The company offers its services to industries such as healthcare, retail, e-commerce, technology, real estate, energy, manufacturing, the public sector, and even novel industries such as blockchain and cryptocurrency.
 
 
 Coalition entered into a multi-year partnership with Allianz in June 2022 where Allianz was to back a share of Coalition&rsquo;s Active Cyber Insurance programs for SMEs in the US and UK.&nbsp;
 
 
 In September 2022, the company 
 <a href="https://sp-edge.com/updates/13203">
 partnered 
 </a>
 with the cybersecurity startup, 
 <a href="https://sp-edge.com/companies/75532">
 CrowdStrike 
 </a>
 , to protect policyholders of Coalition against cyber attacks and help them comply with the key contingencies required for a cyber insurance policy.&nbsp;
 
 
 Funding and financials
 
 
 In June 2022, Coalition 
 <a href="https://sp-edge.com/updates?industryIds=52">
 raised USD 250 million 
 </a>
 in a Series F funding round. The round valued the company at USD 5 billion from the USD 3.5 billion valuation achieved during its 
 <a href="https://sp-edge.com/updates/5971">
 Series E raise 
 </a>
 in September 2021. The funds were expected to be utilized to expand its services, to accelerate its growth, and on international expansion.
 
 
 In October 2022, Coalition partnered with the private equity firm BDT Capital Partners to 
 <a href="https://sp-edge.com/updates/13776">
 launch Ferian Re
 </a>
 &ndash; an independent Class 3B reinsurer that will act as a source of capacity to support the cyber insurance programs of Coalition. Ferian Re was launched with an initial capitalization of nearly USD 300 million.
 
 
 As of September 2021, the company had an employee headcount of 265. Coalition reported that its revenue grew nearly 200% YoY and the run rate gross written premium (GWP) exceeded USD 775 million, as of July 2022.
 
</div>

<div>
 
 Corvus offers commercial cyber insurance policies to cover cyberattacks-related incidents such as business interruption, system failure, ransomware attacks, and even regulatory fines and penalties. It uses its proprietary &ldquo;Corvus Scan&rdquo; platform to analyze a company&rsquo;s current cybersecurity posture to determine pricing and coverage options. As part of the policy issuing process, Corvus also provides a report with IT security recommendations and access to its dedicated response teams for proactive cyber risk management. This team also works with clients during the claims process.
 
 
 For policyholders, Corvus also provides a virtual Chief Information Security Officer (vCISO) offering&mdash;consultative sessions with Corvus&rsquo; in-house security teams&mdash;while helping them get concessionary rates on cybersecurity solutions from companies such as SentinelOne and Tetra Defence. The company also offers cyber reinsurance, technology errors and omissions (E&amp;O) insurance, and a specific policy for ocean cargo.
 
 
 Corvus Insurance 
 <a href="https://sp-edge.com/updates/7543?industryIds=52">
 acquired the cyber underwriting platform Tarian Underwriting 
 </a>
 from Beat Capital Partners in January 2022. Tarian Underwriting is an underwriter of cyber and technology insurance risks that creates tailored solutions and underwrites on behalf of a consortium of Lloyd&rsquo;s syndicates. The acquisition will help Corvus to expand its international footprint across Europe, Africa, and Australia, and add global underwriting capability with access to Lloyd&rsquo;s cyber insurance capacity.
 
 
 Key customers and partnerships
 
 
 Corvus Insurance covers companies in industries such as healthcare, retail, financial institutions, manufacturing, and construction (earning up to USD 2 billion in gross revenue), offering them a coverage limit of up to USD 10 million.
 
 
 In July 2022, the company expanded its 
 <a href="https://sp-edge.com/updates/11826">
 partnership program
 </a>
 with global specialty insurer and reinsurer, SiriusPoint, and program management solution provider, R&amp;Q Accredited.
 
 
 Funding and financials
 
 
 Corvus Insurance received a strategic investment of 
 <a href="https://sp-edge.com/updates/11826">
 USD 100 million
 </a>
 building upon the initial investment and multi-year underwriting capacity partnership announced in September 2021. The funds were utilized to develop its Smart Cyber Insurance solutions and target policyholders globally.
 
 
 In March 2021, the company raised USD 100 million in a Series C funding round led by Insight Partners at a valuation of USD 750 million. The company utilized the funds to develop its underwriting capabilities, product development, and go-to-market strategies. This Series C round was extended in May 2021 by another USD 15 million led by FinTLV and Aquiline Technology Growth (ATG).
 
 
 The company grew its gross written premium by 250% in 2020 and had an annual premium run rate of USD 120 million during January 2021. As of March 2021, the company had an average policy size of USD 9,000 annually and employed 140 staff.
 
</div>

Corvus Insurance

<div>
 
 BitSight offers a data-driven security rating system for financial services, retail, manufacturing, telecom, and cyber insurance companies. BitSight&rsquo;s risk rating system is backed by a&nbsp; company&rsquo;s historical data as well as industry benchmarks. The platform collects data from over 260 billion cyber events daily from 120 data sources. In the areas of cyber insurance, it allows insurers to determine the rate of premiums while also enabling the continuous monitoring of security posture during the coverage period. BitSight also offers cyber risk modeling services, helping businesses financially quantify enterprise cyber risk.
 
 
 In September 2021, BitSight acquired VisibleRisk, a cyber risk rating startup created by the credit ratings agency Moody&rsquo;s Corporation and the venture capital firm Team8. BitSight integrated VisibleRisk&rsquo;s cyber risk assessment capability to enhance its Financial Quantification tool to better estimate the financial exposure of an organization to cyber risk. Following the acquisition, BitSight was to set up a Risk Solutions Division that focuses on cybersecurity insights for the board of directors and C-suite executives.
 
 
 In August 2022, the company 
 <a href="https://sp-edge.com/updates/12196">
 acquired
 </a>
 the third-party risk management startup, ThirdPartyTrust. ThirdPartyTrust was integrated into BitSight&rsquo;s existing TPRM solutions to deliver real-time insights throughout the entire third-party lifecycle and extended supply chain.
 
 
 Key customers and partnerships
 
 
 By July 2021, the company had analyzed the security ratings of over 27,000 companies. During that period, the company claimed that 50% of all cyber insurance policies underwritten globally were by its customers and 20% of governments worldwide use BitSight data for national security. Overall, the company had over 2,300 customers globally and an employee headcount of 500 as of September 2021.
 
 
 Bitsight announced an 
 <a href="https://sp-edge.com/updates/17887">
 expanded partnership with Moody&rsquo;s Analytics
 </a>
 in April 2023, providing analysts with enhanced insights, and making Bitsight&rsquo;s analytics available through Moody&rsquo;s BVD Orbis database. The firm also added a response function to its TPRM platform.
 
 
 Funding and financials
 
 
 In conjunction with the acquisition of VisibleRisk in September 2021, BitSight also secured USD 250 million in funding from Moody&rsquo;s at a valuation of USD 2.4 billion. The company utilized the funds to pursue growth and further enhance its product offerings and capabilities.
 
</div>

BitSight

<div>
 
 Embroker offers commercial insurance for startups, law firms, and other private companies. It covers incidents such as commercial crime, professional liabilities, and cyber insurance. Policies issued by Embroker are underwritten using data-driven models that it claims can reduce premiums for businesses by 20%.
 
 
 Embroker&rsquo;s cyber insurance product helps companies cover against both first- and third-party financial losses resulting from cyberattacks. These include costs relating to data loss, recovery, business interruption, extortion, and fraud. Embroker also offers technological errors and omissions (E&amp;O) for technology companies. Policies issued by Embroker are backed by Clear Blue Specialty Insurance Company (reinsured by MunichRe) and as of December 2021, the company served over 20,000 users; counting companies such as Icebreaker Health, Pandia Health, Renew Energy Partners, JDJ Engineering among its clients.
 
 
 Key customers and partnerships
 
 
 Embroker 
 <a href="https://sp-edge.com/updates/20434">
 announced partnerships
 </a>
 with cyber insurer Cowbell and password management platform Dashlane in July 2023. Cowbell&rsquo;s admitted insurance product will be bundled with Embroker&rsquo;s lawyer&rsquo;s&nbsp; professional liability (LPL) offering, while Dashlane will be made available to Embroker customers at a discount.
 
 
 Funding and financials
 
 
 During Q1 2021, the company surpassed USD 20 million in gross written premium and experienced a customer retention rate of 100%.
 
 
 The company raised USD 100 million in Series C funding in June 2021 led by FTV Capital. The company expected to use the funding to transition into a full-stack insurance carrier.
 
</div>

Embroker

<div>
 
 Vouch is an insurance provider focused on policies for startups. The company offers coverage for business liability, fiduciary liability, property, employment, cyber, and technological errors and omissions (E&O). Vouch’s cyber insurance offering provides both first-party and third-party coverage It covers costs such as business interruption, ransom payments, costs of recovery, and penalties. Vouch claims to offer coverage within 24 hours, unlike traditional brokers that may take weeks.
 
 
 Policies issued by Vouch are backed by Dallas-based insurance company State National. By July 2021, Vouch was available in 24 US states and was working with regulators to bring its products to all 50. As of September 2021, the company employed 125 staff and served over 1,600 clients including companies such as Brex, Carta, WeWork, Pipe, Middesk, Neighbor, Routable, Silicon Valley Bank.
 
 
 
 In September 2021, the company announced USD 90 million in funding; which included a previously unannounced USD 30 million in Series B1 funding led by Redpoint Ventures and USD 60 million in Series C funding co-led by SVB Capital and Ribbit Capital at a valuation of USD 550 million.
 
</div>

Vouch

<div>
 
 Resilience (formerly known as Arceo.ai) is a cyber insurance provider, covering incidents of business interruption costs, responding costs, and extortion losses for businesses with revenue between USD 100 million and USD 5 billion. Resilience&rsquo;s claims process is handled by a 24/7 in-house team that will also assist the covered companies with incident response. Resillience&rsquo;s insurance products are underwritten by Homeland Insurance Company and it has licenses to operate in all 50 US states.
 
 
 The company offers a ransomware readiness framework to help enterprises prepare and plan for ransomware attacks. It also offers a platform that helps build cyber health strategies, monitor cyber risk on an ongoing basis, and implement readiness measures to cyber incidents.
 
 
 In May 2023, Resilience introduced a 
 <a href="https://sp-edge.com/updates/18168">
 holistic cyber risk solution
 </a>
 allowing organizations to assess, quantify, and manage cyber risk. This solution integrates Resilience&rsquo;s insurance coverage with an AI risk management platform, a decision and risk action plan, expert support, and an advocacy program to build an organization&rsquo;s cyber culture.
 
 
 Resilience raised USD 80 million in Series C funding in November 2021, co-led by General Catalyst and angel investor Corey Thomas (Chairman and CEO of Rapid7). The fresh funds were intended to be geared towards fueling middle-market customer expansion, driving international growth, and expanding its workforce.
 
</div>

Resilience

Platforms under some segments are offered under a B2B SaaS model

Uses AI/ML for making underwriting decisions and claims processing

Provides cyber insurance as a core product, often bundled with cybersecurity solutions and a team that assists in detection and response

Coalition

Recent Updates

Coalition to launch cyber reinsurance MGA

Coalition acquires privacy assistant app Jumbo for undisclosed sum

Coalition announces generative AI tools for brokers and enterprise clients

Coalition offers active cyber insurance for large enterprises with up to USD 5 billion revenue

Coalition launches a full-stack insurance carrier

Coalition and BDT Capital Partners launch USD 300 million “Ferian Re”

Company Brief

Funding

Investors

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless