Cybersecurity insurance startup Coalition raises $40M in Series B funding

Coalition, a cybersecurity insurance company, has raised $40 million in its latest round of funding. Fintech investment giant Ribbit Capital led the investment with participation from Greenoaks Capital and Hillhouse Capital. Coalition’s insurance covers expenses incurred from liabilities related to third-parties, such as fines and penalties — as well as fraud, breach response, extortion and ransomware recovery, and device replacement, and more. The company also aims to give U.S.

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