The round was led by Vy Capital, a global technology investment company that has backed leading companies such as Coalition and Reddit. Prior investors also participated in the round, including Valor Equity Partners, an early backer of Tesla, SpaceX, Addepar and GoPuff, and Felicis Ventures, which has funded Plaid and Credit Karma, bringing Counterpart's total capital raised to $40 million.

Counterpart is the management liability insurance platform for the 21st century workplace. The company has built the most advanced management liability rating system in the industry to measure small business risk exposures. Counterpart uses these insights to offer insurance products, broker tools and HR services that help small businesses be the best version of themselves. For more information, visit yourcounterpart.com