Counterpart Secures $50 Million Series C Funding to Expand Specialty Insurance Offerings

Counterpart, a specialty insurer based in Los Angeles, has successfully closed a $50 million Series C funding round led by Valor Equity Partners, with ongoing support from Vy Capital. According to NS3.AI, this latest round of funding brings Counterpart's total capital raised to over $106 million. The funds will be used to develop new specialty insurance products and support the collateralization of Counterpart Insurance Company. This funding comes at a time when U.S. agencies and courts are intensifying their scrutiny of AI hiring tools, with cases involving companies like Workday and Eightfold AI under review.