# Cowbell

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cowbell

- Industry: Insurance
- Headquarters: Pleasanton, US
- Website: www.cowbell.insure
- Total disclosed funding: $118M
- Latest round: Series B (Nov 1, 2023)
- Investors on record: 16

## About

Cowbell Cyber, Inc. is a US-based company that specializes in providing cyber insurance solutions tailored for small to medium-sized enterprises, focusing on the digital and technology sectors.Founded in 2019 and headquartered in Pleasanton, California, Cowbell Cyber, Inc. offers cyber insurance products designed for small to medium-sized enterprises. The company has undergone strategic pivots to enhance its offerings in response to evolving cybersecurity needs. Jack Kudale, the CEO and one of the founders, has a background in establishing other ventures in the insurance sector. Cowbell has successfully raised USD 60.00 mn in its Series C funding round on July 26, 2024, bringing the total funds raised to USD 60.00 mn and achieving a current company valuation of USD 405.38 mn.Cowbell provides innovative insurance products specifically designed for small to medium-sized enterprises in the digital and technology sectors. Its core offering is a proprietary cyber insurance policy that addresses the unique risks associated with operating in increasingly digital landscapes. This policy is crafted to mitigate the financial consequences of cyber incidents, data breaches, and related disruptions. Utilizing data analytics and machine learning, Cowbell tailors its coverage to match clients' risk profiles, primarily serving the United States and Canada in industries such as technology, finance, and e-commerce.Cowbell's revenue model revolves around direct-to-consumer sales of its cyber insurance policies, structured as annual subscriptions. Clients engage with Cowbell through an online platform, enabling them to customize coverage options based on their risk profiles. The pricing varies according to factors like company size, industry, and specific coverage needs. Cowbell's flagship products, particularly its unique cyber insurance policies, are designed to compete effectively in the market, streamlining the underwriting process through technology.In July 2024, Cowbell Cyber, Inc. raised USD 60.00 mn in Series C funding from Zurich Insurance Group. The company plans to utilize this funding to scale operations and meet the growing demand for cyber insurance. It aims to extend its presence into key international markets, enhance cyber resilience services, and introduce new products designed to respond to emerging threats. Additionally, Cowbell intends to strengthen its strategic partnerships to bolster its market position.

## Funding rounds

- Series B, Nov 1, 2023, $25M — Prosperity7
- Series B, Feb 24, 2022, $70M — Permira, Viola Group, Anthemis, Nyca, PruVen Capital, Shin Nihon Asset Management
- Series A, Mar 11, 2021, $20M — Markel Corporation, Pivot Investment Partners, ManchesterStory, Tri Valley Ventures, Avanta Ventures, Holmes Murphy & Associate, Brewer Lane Ventures
- Seed, Sep 24, 2019, $3.3M — ManchesterStory, Tri Valley Ventures, Global Insurance Accelerator, Holmes Murphy & Associate, General Advance

## Investors

- ManchesterStory (https://capitalatlas.ai/funds/manchesterstory) — Seed, Series A
- Tri Valley Ventures (https://capitalatlas.ai/funds/tri-valley-ventures) — Seed, Series A
- Global Insurance Accelerator — Seed
- Holmes Murphy & Associate — Seed, Series A
- General Advance (https://capitalatlas.ai/funds/general-advance) — Seed
- Markel Corporation — Series A
- Pivot Investment Partners (https://capitalatlas.ai/funds/pivot-investment-partners) — Series A
- Avanta Ventures (https://capitalatlas.ai/funds/avanta-ventures) — Series A
- Brewer Lane Ventures (https://capitalatlas.ai/funds/brewer-lane-ventures) — Series A
- Permira (https://capitalatlas.ai/funds/permira) — Series B
- Viola Group (https://capitalatlas.ai/funds/viola-group) — Series B
- Anthemis (https://capitalatlas.ai/funds/anthemis) — Series B
- Nyca (https://capitalatlas.ai/funds/nyca) — Series B
- PruVen Capital (https://capitalatlas.ai/funds/pruven-capital) — Series B
- Shin Nihon Asset Management — Series B
- Prosperity7 (https://capitalatlas.ai/funds/prosperity7) — Series B