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trivalleyventures.com

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Investments

7

Portfolio Exits

2

Funds

1

About Tri-Valley Ventures

Tri-Valley Ventures is a venture capital firm.

Tri-Valley Ventures Headquarter Location

7041 Knoll Center Parkway Suite 275

Pleasanton, California, 94566,

United States

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Latest Tri-Valley Ventures News

US Deals: Cowbell Cyber Raises $20m in Series A Funding

Mar 12, 2021

Cowbell Cyber , the industry’s first AI-powered cyber insurance provider for small to medium enterprises (SMEs), has announced that it 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. Cowbell’s precision in underwriting and speed in the distribution has helped the company achieve 1,595 percent growth in premium run-rate since then, making it the fastest-growing cyber insurance provider in the industry, which is projected to grow fourfold from  2018 to reach a value of more than $20B by 2025 . “Cybersecurity is now a risk management issue that is critical to the future of the insurance industry and is evolving at a pace that insurers have rarely seen,” said Jack Kudale, Founder and  CEO, Cowbell Cyber. “Cowbell Cyber has capitalized on businesses’ accelerated digitization and an ever-changing threat landscape. Cowbell embraces AI and machine learning to gain efficiency and accuracy when assessing and underwriting cyber risk while focusing on the fundamental needs of our policyholders: keeping their businesses protected from evolving cyber threats.” Cowbell’s AI-powered standalone and tailored programs protect businesses from cyber threats that cripple an infiltrated business. As the threat landscape intensifies, business interruptions that result from ransomware attacks are  up 20%, lasting up to 19 days , which, for many organizations, leads to a complete shutdown due to overwhelming costs. Cowbell Cyber’s closed-loop approach to cyber risk bundles cybersecurity awareness training, continuous risk assessment, and pre and post-breach risk improvement services. Its cyber policies empower policyholders to be proactive about managing cyber risks. “Through its cutting-edge, AI-powered platform, Cowbell Cyber is well-positioned to disrupt today’s explosive cyber insurance market and redefine the industry,” said Martha Notaras, Managing Partner, Brewer Lane Ventures. “As the marketplace continues to see significant growth, we are thrilled to be joining the organization at a time in their journey where they are seeing unrivaled traction, and have put together a world-class team, staking a claim as a dominant force in the industry.” Cowbell’s continuous risk assessment services, Cowbell Factors, are available free, on-demand to all businesses at  https://cowbell.insure/for-businesses/ . Share this:

Tri-Valley Ventures Investments

7 Investments

Tri-Valley Ventures has made 7 investments. Their latest investment was in Cowbell Cyber as part of their Series A on March 3, 2021.

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Tri-Valley Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/1/2021

Series A

Cowbell Cyber

$20.3M

No

1

7/14/2020

Bridge

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$99M

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10

9/24/2019

Seed VC

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$99M

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10

4/23/2019

Seed VC

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$99M

Subscribe to see more

10

8/2/2018

Seed VC

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$99M

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10

Date

3/1/2021

7/14/2020

9/24/2019

4/23/2019

8/2/2018

Round

Series A

Bridge

Seed VC

Seed VC

Seed VC

Company

Cowbell Cyber

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Amount

$20.3M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

1

10

10

10

10

Tri-Valley Ventures Portfolio Exits

2 Portfolio Exits

Tri-Valley Ventures has 2 portfolio exits. Their latest portfolio exit was Unchained Labs on April 26, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/26/2021

Acq - Fin

$99M

3

3/23/2021

IPO

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$99M

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10

Date

4/26/2021

3/23/2021

Exit

Acq - Fin

IPO

Companies

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Valuation

$99M

$99M

Acquirer

Subscribe to see more

Sources

3

10

Tri-Valley Ventures Fund History

1 Fund History

Tri-Valley Ventures has 1 fund, including Tri Valley Ventures I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Tri Valley Ventures I

Early-Stage Venture Capital

Open

1

Closing Date

Fund

Tri Valley Ventures I

Fund Type

Early-Stage Venture Capital

Status

Open

Amount

Sources

1

Tri-Valley Ventures Team

2 Team Members

Tri-Valley Ventures has 2 team members, including current Founder, Managing Partner, Gregory D Hitchan.

Name

Work History

Title

Status

Don Garman

Founder

Current

Gregory D Hitchan

Blum Capital Partners

Founder, Managing Partner

Current

Name

Don Garman

Gregory D Hitchan

Work History

Blum Capital Partners

Title

Founder

Founder, Managing Partner

Status

Current

Current

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