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March 15, 2022

Cowbell Cyber lands $100m Series B investment

American cyber insurance firm Cowbell Cyber has raised $100m in a Series B funding round led by Anthemis Group. 

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
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  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
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by GlobalData
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Permira Funds, PruVen Capital, NYCA Partners, Viola Fintech and all existing investors of Cowbell Cyber also joined the round. 

Cowbell Cyber will use the proceeds to invest in data science, underwriting, risk engineering and claims management. 

The funds will also be used to expand go-to-market channels such as digital distribution and support the insurer’s reinsurance captive Cowbell Re. 

Cowbell Cyber founder and CEO Jack Kudale said: “As we position ourselves to lead the ‘second wave’ of cyber insurance growth, this funding will accelerate our pioneering approach to cyber risk underwriting and drive growth and profitability while closing insurability gaps.”

The cyber insurer, which is focused on small and medium-sized businesses, anticipates in-force premiums for the US cyber insurance market to grow to $100bn by 2030. 

Anthemis Group managing director Matthew Jones said: “With its unique approach to cyber risk underwriting and continued collaboration with cybersecurity suppliers, Cowbell Cyber has positioned itself as the leader in the cyber insurance space for SMEs.

“The company has accomplished stellar results to date and we are thrilled to be a part of their next chapter.”

In the US, the insurer claims to have developed a cyber insurance distribution network with over 14,000 producers and saw its gross written premium grow 40 times in 2021. 

In March 2021, Cowbell received $20m in its Series A round, which was led by Brewer Lane Ventures and joined by Pivot Investment Partners and Avanta Ventures, among others. 

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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