Coalition’s platform aggregates data from every internet-enabled device inside a company, scans assets for vulnerabilities and offers APIs to integrate into other platforms. The company hasn’t disclosed how many enterprise SaaS customers it has, but it has revealed that some of them include Accenture, Hewlett Packard and Verizon.
Active Risk platform
The Active Risk platform of Coalition provides cybersecurity and cyber insurance products and services. Using automated security alerts, threat intelligence, and expert guidance, it empowers organizations to better protect their data, employees, and customers. According to the company, its customers file 70 percent fewer claims than industry average
With its Active Risk platform, Coalition offers a cyber risk management solution that scans billions of connected devices to provide personalized recommendations. It also hosts a community of technical decision makers, called VentureBeat. It is a digital town square for technical decision makers, offering information and transacting opportunities on transformative enterprise technology.
The company’s growth has continued to accelerate. In the last year, Coalition surpassed $775 million in run-rate GWP. The company has partnered with brokers in all 50 states and also offers active cyber insurance in Canada. It also plans to launch an active cyber insurance program in the UK later this year in partnership with Allianz. Its VC funding has been instrumental in accelerating the company’s rapid growth.
The Active Risk platform of Coalition combines proactive cybersecurity tools with 24-hour claims response to help organizations mitigate the growing digital risks that come from cyber threats. The platform is accessible by organizations of all sizes, and policyholders can invite others to join their service by clicking the invite button on the navigation bar on all Coalition pages.
Community-led growth
The number of community-led companies is growing every day. But there are barriers to faster growth. One barrier is a lack of resources. In addition, community leaders often find it difficult to translate community success into business success. Ultimately, this lack of understanding leads to a lack of investment in community-led ventures.
In order to create an effective community-led growth model, companies should identify products that target niches, enable new workflows, and promote user creativity. Examples of these types of products include no-code application development platforms. But they should avoid products such as compliance software, which don’t support community growth.
While the notion of community has been around for centuries, younger generations have different values, expectations, and needs. As a result, younger generations place a higher value on brand authenticity and benefits over products. Brands that foster community-led growth can help convert these consumers into loyal customers.
The community-led growth model puts the customer at the center of a product’s development. In turn, these customers become the most effective advocates for the product. A community-led growth strategy can have a powerful impact on a business’s success. When used properly, community-led growth can lead to rapid expansion for many companies.
Community-led growth models are mutually beneficial for both the brand and the customer. These strategies create a network of loyal fans that can drive acquisition and growth, and extend the lifecycle of a product or service. These methods are also very effective in extending the value of a product or service, which ultimately benefits the company’s ARR.
One of the greatest challenges in community-led growth is attribution. Despite the difficulties associated with measuring community growth, it should always be roughly equal to customer growth. Communities are not always directly related to customer growth, but they can have a large halo effect.
Community-led growth strategies can reach every stage of a funnel. They can provide users with content, resources, and a sense of belonging. Online courses are also effective ways to educate users. Companies like LinkedIn have seen success in their online course offerings, which allow users to earn badges and increase their visibility.
Raising $250 million in series F funding
Cyber MGA Coalition has raised $250 million in series F funding. The round was led by Blackstone, which intends to deploy the company’s technology globally. Other investors in the round included Light Street Capital, Madrona Ventures, and Sequoia Capital.
The company is combining insurance coverage and proactive cybersecurity tools to help companies secure their networks and protect against data breaches. The new investment will allow the company to accelerate international expansion and broaden its service offerings. The company’s current valuation is around $5 billion. Its recent investment raise comes on the heels of a series E funding round in which it raised $205 million. Since then, Coalition has tripled its customer base and more than doubled its revenue.
While Series A funding helps startups build a solid user base, Series B funding is about taking the company to the next level. Series B funding helps companies expand their product’s market reach and attract more customers. In this stage, the startup must build a great product, acquire quality talent, and improve sales and business development processes.
Million in Series F Funding
Cyber MGA Coalition has raised $250 million in Series F funding. The investment comes from investors including Durable Capital, T. Rowe Price Associates Inc, Index Ventures, General Atlantic, Ribbit Capital, Valor Equity Partners, and others. The company’s funding round marks a significant milestone for the cybersecurity company. The company is expected to be valued at $5 billion or more by September 2021.
CyberMGA Coalition has continued to grow rapidly, with revenue surpassing $775 million run rate gross written premium in the third quarter of 2018. The company also saw a 200 percent increase in revenue from the previous quarter. The company currently partners with brokers in all 50 states, and is preparing to expand into Canada and the UK later this year. It also recently announced a partnership with Allianz, allowing it to offer cyber insurance to its clients in the UK.
The funding comes as Coalition has become one of the most valuable cybersecurity startups. Before the Series F round, the company was valued at $3.5 billion. The latest funding round will help it increase its revenue by 200 percent. The company has raised $250 million to grow its business and is aiming to achieve unicorn status half a year from now. The company also offers an end-to-end platform to manage cyber risk.
Conclusion
Coalition offers active cyber insurance and security products in the US and Canada. The company will launch a UK active cyber insurance program later this year with Allianz. Coalition’s Active Insurance combines industry-leading cybersecurity tools with broad insurance coverage to help organizations identify and mitigate digital risks. The company’s unique technology and expertise has allowed it to build a strong book of business.
