ELPHA SECURE

Integrated cyber insurance and cybersecurity software platform protecting small and medium-sized businesses against evolving cyber threats.

Specialty Solutions Growth Series A (USD 48.5M total)

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Overview

Elpha Secure was founded in 2018 to address a critical gap in the small business cybersecurity market: most SMBs lack both the technical defenses and the insurance coverage needed to withstand a cyberattack. The company offers a vertically integrated platform that combines affordable cyber insurance with enterprise-grade cybersecurity software, sold as a single product starting at USD 1,000 per year.

Headquartered in New York City at 580 Fifth Avenue, Elpha Secure distributes its product exclusively through licensed insurance brokers and surplus lines producers. This channel model allows the company to reach businesses that might otherwise struggle to evaluate and purchase cyber protection independently. The platform is Virus Bulletin (VB100) certified and AICPA SOC 2 compliant.

In 2024, Elpha Secure raised a USD 20M Series A round led by Canapi Ventures, bringing total funding to approximately USD 48.5M. Strategic investors include AXIS Capital, EOS Venture Partners, Fermat Capital Management, The Hartford STAG Ventures, State Farm Ventures, and Stone Point Ventures. In February 2026, the company expanded its platform with the launch of ES Mail, adding email security and increased cybercrime coverage limits of USD 500,000.

Products & Services

Cyber Insurance + Security Platform

An all-in-one integrated product combining cyber liability insurance coverage with active cybersecurity software. Businesses receive endpoint protection, threat detection, compliance tools, and 24/7 security support bundled with an insurance policy -- starting at USD 1,000 per year.