What is Counterpart?
Founded in 2019 and headquartered in Walnut, California, Counterpart operates as a management liability insurance platform. The company specializes in offering products and services designed to help businesses align the risks and incentives associated with creating world-class organizations. Counterpart has developed an advanced management liability rating system, enabling more efficient measurement of small business risk exposures and proactive identification and mitigation of potential claims. Its focus on technology-driven risk assessment positions it as an innovator in the insurance technology sector.
How much funding has Counterpart raised?
Counterpart has raised a total of $90M across 3 funding rounds:
Series A
$10M
Series B
$30M
Series C
$50M
Series A (2021): $10M with participation from Valor Equity Partners, Felicis Ventures, and Susa Ventures
Series B (2022): $30M led by Vy Capital and Felicis Ventures
Series C (2026): $50M supported by Valor Equity Partners and Vy Capital
Key Investors in Counterpart
Vy Capital
Vy Capital is a global technology investment firm managing over $15 billion in assets, specializing in concentrated investments in transformative technology companies. The firm aims to identify and support businesses that have the potential to significantly impact humanity.
Valor Equity Partners
Valor Equity Partners provides financial services to businesses in the scope of investment activities. This company is headquartered in Chicago, Illinois and was established in 2001.
Felicis Ventures
Feliciss is a Menlo Parkbased venture capital firm that raises multistage funds to invest in early and growthstage technology companies across sectors such as SaaS, AI, fintech, and consumer, typically leading seed and Series A rounds and supporting founders through scaleup and exit.
What's next for Counterpart?
With a recent major strategic investment and a cumulative funding total of $90M, Counterpart is poised for significant expansion. The company's Series B and Series C funding rounds, particularly the recent strategic capital, suggest a transition into a scaling phase, likely focusing on market penetration, product development, and enhancing its technological infrastructure. This substantial backing indicates strong investor confidence in Counterpart's business model and its potential to disrupt the management liability insurance market. Future strategic moves may involve expanding its product offerings, forging new partnerships, and further solidifying its position as a leader in insurtech.
See full Counterpart company page
