Joshua Motta + John Hering found Coalition Apr 2017 in San Francisco as active cyber insurance MGA; raise $10M Series A from Hudson Structured + Vy Capital. Coalition Active Insurance: continuous monitoring of insured's attack surface + threat intel + free incident response. 'Cyber insurance with security baked in.'

Coalition Series B Dec 2019 $40M led by Ribbit Capital; valuation ~$300M. Coalition crosses $50M premium run-rate in 2 years — fastest cyber insurance MGA ramp ever. Adds Allianz, Swiss Re as capacity providers. Cyber insurance market growing 40%/year as ransomware attacks escalate.

Coalition Series C Apr 2020 $90M led by Felicis + Hudson Structured + others at $750M valuation. Joshua Motta CEO. Coalition Active Insurance: continuous monitoring of insured's attack surface + threat intel + free incident response defines cyber insurtech category.

Coalition Series E Sep 2021 $205M led by Index Ventures; valuation $3.5B. Coalition becomes the world's largest cyber insurance MGA by premium ($500M+ run-rate). Expands to UK + Europe. Ransomware crisis (Colonial Pipeline May 2021 + JBS Foods Jun 2021) drives explosive demand for cyber coverage.

Coalition Series F Jul 2022 $250M led by Allianz + Valor Capital + Index at $5B valuation — last private valuation pre-tech rerating. Coalition Active Insurance: continuous attack surface monitoring + threat intel + free incident response defines cyber insurtech category.

Coalition expands embedded cyber insurance Dec 2024 — adds capacity from Allianz, Swiss Re, Lloyds syndicates; ~$1B+ premium run-rate by EOY 2024. Coalition Incident Response (CIR) handles 1,500+ ransomware claims 2024. Cyber insurance pricing softens 10-15% in 2024 vs 2022 peak as more capacity returns.

Coalition Q3 2025 — $1.3B+ premium run-rate. Adds capacity from Munich Re + Swiss Re + Lloyd's syndicates. Cyber insurance market hardening Q3 2025 amid resurgent ransomware (Colonial Pipeline-style attacks back); pricing up 12-18%. Coalition's 'security + insurance' model differentiates vs traditional cyber.

Coalition FY2025 — Joshua Motta CEO reports $1.5B+ premium; ransomware claims volume up 35% YoY. Coalition partners with Marsh, Aon, AJG for SMB cyber distribution. IPO talk resumes 2026-2027. Coalition Active Insurance differentiates vs traditional cyber.

Coalition Q4 2025 — Joshua Motta CEO reports $1.5B+ premium 2025; ransomware claims volume up 35% YoY. Coalition partners with major brokers (Marsh, Aon, AJG) for SMB cyber distribution. IPO talk resumes for 2026-2027 as cyber insurance market hardens. Coalition Active Insurance model gaining share vs traditional cyber.