Venture Capital Access Online | The eMarketplace for the Venture Capital Industry



Contact Us





List of Venture Capital / Private Equity Firms and Sources
Published since 1998, VCPro Database is the most reliable, up-to-date and affordable venture capital directory

Buy Now for only $119.95 plus a FREE 2022 update in January 2022

Learn More or Buy Now

VCPro Database 2021 24th Edition -- a downloadable and searchable venture capital database with 6,500+ venture capital and private equity firms worldwide. The most reliable, up-to-date and affordable venture capital directory of its kind. VCPro Database is available in both Windows and macOS versions. It has been published since 1998. (Updated JULY 2021)

Learn More » or Buy Now »

At-Bay Closes $20M Extension to Series D; Adds Investor ION Crossover Partners

New funding follows recent success navigating ransomware

SAN FRANCISCO, October 13, 2021-- At-Bay, the insurance company for the digital age, today announced the closing of a $20 million extension to the company’s Series D financing, adding new investor ION Crossover Partners. The extension brings the Series D round to $205 million, valuing the company at $1.35 billion.

In July 2021, At-Bay closed a $185 million Series D round, co-led by Icon Ventures and Lightspeed Venture Partners, with participation from existing investors including Khosla Ventures, M12, Acrew Capital, Qumra Capital, the HSB fund of Munich Re Ventures, entrepreneur Shlomo Kramer, and Glilot Capital.

“At-Bay has a tremendous opportunity to redesign the insurance operating system,” said Jonathan Kolodny, Partner, ION Crossover Partners. “We are already seeing their positive impact on SMBs by reducing ransomware incidents, and we are excited to see their impact grow as they apply their proprietary automated underwriting platform to new products and services.”

In the face of a ransomware surge across the industry, At-Bay’s ransomware claims frequency remains seven times lower than the industry average. At-Bay details how its modern approach to risk management, with a combination of technical underwriting and active risk monitoring, helps the companies it insures experience fewer ransomware incidents in its report: Overcoming Ransomware: A Blueprint for Thriving in a Digital World.

“At-Bay’s success helping SMBs experience fewer ransomware incidents is resonating with customers and investors alike,” said Rotem Iram, Co-Founder and CEO of At-Bay. “ION has an impressive track record of shepherding startups to successful outcomes, and we are proud to have them as an investor.”

At-Bay recently announced a collaboration with Microsoft to help SMBs proactively manage cyber risk. In Q2 of 2021, the company surpassed $160 million in annual recurring revenue on 800% year-over-year premium growth. At-Bay has raised $292 million to date.

About At-Bay

At-Bay is the insurance company for the digital age. By combining world-class technology with industry-leading insurance expertise, we designed an insurance company from the ground up that empowers businesses to thrive in the digital world. As a Managing General Underwriter (MGU), At-Bay underwrites insurance policies through HSB Specialty Insurance Company, rated A++ by A.M. Best Company and part of Munich Re. At-Bay is backed by Acrew Capital, the HSB fund of Munich Re Ventures, Icon Ventures, ION Asset Management, Khosla Ventures, Lightspeed Venture Partners, M12, entrepreneur Shlomo Kramer, and Qumra Capital.

About ION Crossover Partners

ICP was founded in 2018 with a focus on supporting founders with growth aspirations and businesses with an untapped growth opportunity. Its first fund, ION Crossover Partners LP was launched that year, and its second fund, ION Crossover Partners II LP, was launched in early 2021.

Dan Klempay

News Index

Venture Capital Database 



Latest VC News
VC News Archive
News Search
RSS News Feed

List Your Firm


Venture Capital Database

VCPro Database
Download Trial
Buy Now

Business Plan Tools

Free Business Plan Template


Copyright © 1998-2021 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer