What is Counterpart?
Founded in 2019, Counterpart operates as a specialized management liability insurance platform designed to align the risks and incentives of modern organizations. The company distinguishes itself through the development of the most advanced management liability rating system currently available in the industry. By integrating sophisticated algorithmic modeling, Counterpart enables small businesses to identify, measure, and mitigate potential claims with unprecedented efficiency. This data-driven approach not only streamlines the underwriting process but also provides a proactive framework for risk management, effectively bridging the gap between traditional insurance models and the needs of high-growth, modern enterprises.
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 Felicis Ventures and Vy Capital
Series C (2026): $50M supported by Valor Equity Partners and Vy Capital
Key Investors in Counterpart
Valor Equity Partners
Valor Equity Partners is a Chicago-based investment firm established in 2001 that provides comprehensive financial services and strategic capital to high-growth businesses.
Vy Capital
Vy Capital is a global firm managing over $15 billion in assets, focusing on concentrated, long-term investments in transformative technology companies that aim to impact humanity.
Felicis Ventures
Felicis Ventures is a Menlo Park-based firm that supports founders across multiple stages, specializing in sectors such as SaaS, AI, and fintech with a focus on long-term scaleup.
What's next for Counterpart?
With the successful closure of its latest financing round, Counterpart is well-positioned to accelerate its product development roadmap and deepen its market penetration. The strategic focus will likely shift toward enhancing its predictive analytics capabilities and expanding its suite of insurance products to address emerging risk vectors for small and medium-sized enterprises. As the company transitions into this next phase of growth, the emphasis will remain on maintaining its technological edge while scaling its operational infrastructure to support a broader client base. The continued support from institutional investors suggests a long-term commitment to establishing Counterpart as the definitive standard for management liability in the digital age.
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