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 align the risks and incentives inherent in creating world-class organizations. Counterpart has developed a sophisticated management liability rating system, enabling more efficient measurement of small business risk exposures. Furthermore, its platform proactively identifies and mitigates potential claims, positioning it as a leader in modernizing insurance for businesses.
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 Susa Ventures, Valor Equity Partners, and Felicis Ventures
Series B (2022): $30M led by Vy Capital and Felicis Ventures
Series C (2026): $50M supported by Vy Capital and Valor Equity Partners
Key Investors in Counterpart
Susa Ventures
Susa Ventures is an early-stage venture capital firm that invests in seed-stage startups, aiming to help build the next billion-dollar companies. Since its inception in 2013, the firm has partnered with over 100 startups, with 10% achieving unicorn status. Susa Ventures provides capital, community, and talent without taking board seats, believing that founders should retain control of their companies. Their portfolio includes notable companies across various sectors, including fintech, healthcare, and AI.
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 substantial backing from prominent investors, Counterpart is poised for accelerated growth and innovation. The company's focus on advanced risk assessment and proactive claim mitigation suggests a strategic expansion into new markets or product lines. Future developments are likely to center on enhancing its proprietary rating system and broadening its service offerings to cater to a wider range of enterprise clients. The consistent investment indicates strong confidence in Counterpart's business model and its potential to disrupt the management liability insurance landscape.
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