Cyber insurance upstart Coalition secured $250 million on a $5 billion valuation to grow in the UK. Series F funding will allow San Francisco-based Coalition to push beyond the United States and Canada and into the U.K. Coalition increased its valuation from $3.5 billion in September despite the economic downturn kneecapping mature startups. German financial services giant Allianz, which will serve as a reinsurance partner for Coalition, helped lead the company’s Series F round. The company is most interested in English-language countries with a streamlined process to get regulatory approval and meet requirements of the target market.”]
Source: https://www.bankinfosecurity.com/coalition-raises-250m-on-5b-valuation-to-fuel-uk-expansion-a-19542