Cybersecurity and insurance provider Coalition Inc. has received a $205 million investment at a valuation of more than $3.5 billion, and plans to use the infusion to grow faster and expand into new insurance lines, among other initiatives, it said Tuesday.
The financing round was led by asset managers Durable Capital Partners, T. Rowe Price Associates Inc. and Whale Rock Capital Management. Existing investors also took part. Coalition has now received more than $500 million in equity investments since its 2017 founding, a company press release said.
