Cowbell Cyber has closed $20 Million in Series A funding to scale its game-changing offering for continuous underwriting and closed-loop risk management.
Brewer Lane Ventures led the investment with participation from Pivot Investment Partners, Avanta Ventures, Markel Corporation, and existing investors ManchesterStory, Tri-Valley Ventures, and Holmes Murphy. The new capital will be used to fund product development, expand risk engineering, sales, marketing, and increase Cowbell’s footprint nationwide.
The company also announced that Martha Notaras, managing partner at Brewer Lane Ventures, will join the Cowbell board of directors and Akbar Poonawala, co-founder at Pivot Investment Partners, will join as a board observer.
This investment follows Cowbell Cyber’s September 2020 launch of its Prime 250 program, which empowers insurance agents to issue personalized cyber policies – a program that has since expanded to 38 states.
Cowbell Cyber will continue aggressively growing its risk pool of 10 million continuously monitored organizations and its network of more than 4,500 agents and brokers that now distribute all of Cowbell’s cyber insurance programs.