About Coaction Specialty
Coaction Specialty is a company based in Morristown (United States) founded in 2009 was acquired by Further Global Capital Management in August 2021.. Coaction Specialty has raised $200 million across 1 funding round from investors including TowerBrook and Further Global Capital Management. Coaction Specialty offers products and services including Entertainment Insurance and Marine Insurance.
- Headquarter Morristown, United States
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Coaction Specialty Insurance Group, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$200 M (USD)
in 1 rounds
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Latest Funding Round
$200 M (USD), Private Equity Round
Sep 08, 2023
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Investors
TowerBrook
& 1 more
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Employee Count
Employee Count
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Acquired by
Further Global Capital Management
(Aug 04, 2021)
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Products & Services of Coaction Specialty
Coaction Specialty offers a comprehensive portfolio of products and services, including Entertainment Insurance and Marine Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Insurance for entertainment industry risks is offered to address specific challenges faced by businesses in this sector
Coverage for marine, energy, and transportation risks is provided to mitigate potential losses in these areas
Funding Insights of Coaction Specialty
Coaction Specialty has successfully raised a total of $200M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $200 million completed in September 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $200.0M
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First Round
First Round
(08 Sep 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Private Equity Round - Coaction Specialty | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Coaction Specialty
Coaction Specialty has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include TowerBrook and Further Global Capital Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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TowerBrook is engaged in private equity and impact investments.
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Founded Year | Domain | Location | |
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Capital management services are offered to financial services industry.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Coaction Specialty
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Coaction Specialty
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Coaction Specialty Comparisons
Competitors of Coaction Specialty
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Coaction Specialty
When was Coaction Specialty founded?
Coaction Specialty was founded in 2009 and raised its 1st funding round 14 years after it was founded.
Where is Coaction Specialty located?
Coaction Specialty is headquartered in Morristown, United States. It is registered at Morristown, New Jersey, United States.
Who is the current CEO of Coaction Specialty?
Jonathan Ritz is the current CEO of Coaction Specialty.
Is Coaction Specialty a funded company?
Coaction Specialty is a funded company, having raised a total of $200M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $200M, raised on Sep 08, 2023.
What does Coaction Specialty do?
Coaction Specialty was established in 2009 and is headquartered in Morristown, United States. Operations focus on the insurance sector, where claim processing services are handled for various clients. These services encompass the management and resolution of insurance claims through specialized workflows. The company is led by CEO Jonathan Ritz, with activities centered in the U.S. market to support efficient claim adjudication processes.
What products or services does Coaction Specialty offer?
Coaction Specialty offers Entertainment Insurance and Marine Insurance.
Who are Coaction Specialty's investors?
Coaction Specialty has 2 investors. Key investors include TowerBrook, and Further Global Capital Management.