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New Deal


Announced

Completed

Durable Capital, T. Rowe Price and Whale Rock Capital led a $205m Series E funding round in Coalition.

Financials

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Transaction Value£150m
Consideration TypeCash
Capital Owned-
Capital Bid For6%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Completed

Full Line Insurance

United States

Venture Capital

insurance services

Minority

Acquisition

Domestic

Private

Private Equity

Friendly

Synopsis

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Private equity firms Durable Capital, T. Rowe Price and Whale Rock Capital led a $205m Series E funding round in Coalition, a cybersecurity insurance company. Coalition will use the new funding round to expand into new insurance lines, to fuel its expansion into new markets, and to increase its headcount; the startup currently has 265 employees, and it’s on track to increase that to 315 employees by the end of the year.

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