Cyber insurer Coalition raises $90M in equity capital

Cyber insurer and security company Coalition Inc. said Wednesday it has raised $90 million in additional equity capital.

Funding was led by Chicago-based Valor Equity Partners LP, with participation from Palo Alto, California-based Felicis Ventures Co., London-based Greyhound Capital LLP and Coalition’s existing investors, according to the statement.

Coalition said the funding will help it target three key areas: cybersecurity access, international expansion and new products.

Coalition said last week it is expanding its offering to Canada-based companies, providing cybersecurity products and services as well as cyber and technology errors and omissions insurance.