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Based in Los Angeles, California, Counterpart operates as a tech-enabled managing general agent that provides management liability insurance and risk assessment software to small and medium-sized businesses. The proprietary platform utilizes data science to evaluate corporate culture, regulatory compliance, and financial metrics to underwrite directors and officers, employment practices, and fiduciary liability coverage. The company targets private enterprises with fewer than 250 employees and under $250 million in annual revenue through its network of broker partnerships. Counterpart has secured $40 million in total funding, highlighted by a $30 million Series B round led by Vy Capital with participation from Valor Equity Partners and Felicis Ventures to support further expansion. Following this investment, the firm projected an increase in its workforce from 28 to approximately 75 employees. Counterpart was founded in 2019 by Chief Executive Officer Tanner Hackett.
Counterpart has raised $40.0M across 2 funding rounds.
Counterpart has raised $40.0M in total across 2 funding rounds.
Counterpart has raised $40.0M across 2 funding rounds. Most recently, it raised $30.0M Series B in March 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2022 | $30M Series B | VY Capital | Felicis Ventures, Valor Equity Partners | Announced |
| Mar 23, 2021 | $10M Venture Round | Jonathan K. Shulkin | Felicis Ventures, Susa Ventures | Announced |
Counterpart has raised $40.0M in total across 2 funding rounds.
Counterpart's investors include Vy Capital, Felicis Ventures, Valor Equity Partners, Jonathan K. Shulkin, Susa Ventures.
