We’re excited to celebrate a major milestone for BOXX Insurance, one of SixThirty’s portfolio companies, as it joins Zurich Insurance Group. This acquisition marks not only a huge moment for the BOXX team but also a critical inflection point for the cyber insurance industry.
A Strategic Acquisition for Zurich—and a Signal for the Industry
Zurich’s acquisition of BOXX is more than an insurance play. It’s a strategic bet on the future of cyber risk management:
- Expanding into the underserved SMB segment: SMBs represent nearly half of all cyberattack victims but remain critically underinsured.
- Shifting from protection to prevention: Zurich gains BOXX’s technology-driven, prevention-first approach—combining underwriting with security services and real-time risk scoring.
- Accelerating global cyber capabilities: With BOXX’s presence in Canada, Latin America, and Asia, Zurich expands its footprint in key markets where cyber insurance penetration is still low.
As Jack Howell, CEO of Zurich Global Ventures, put it:
“Cyber risk is one of the most critical and complex risks facing individuals and businesses today. BOXX’s innovative solutions and entrepreneurial culture are a perfect fit with our strategy to expand Zurich’s cyber risk prevention and protection capabilities.”
Why Now: Market Forces Driving Urgency
This deal happens against a backdrop of accelerating change:
- Global cyber insurance premiums are projected to exceed $20 billion within the decade, growing at double-digit rates.
- Regulatory scrutiny and board-level accountability are pushing businesses to take cyber risk management seriously.
- Competitors like Coalition, At-Bay, and Resilience are raising large rounds and expanding aggressively, forcing global insurers to innovate or fall behind.
- Businesses increasingly expect insurers not just to write a check after a breach, but to help prevent the breach in the first place.
BOXX sits at the intersection of these trends—and Zurich’s acquisition positions them to lead the next chapter of cyber protection.
A Proud Moment for BOXX—and for SixThirty
We backed BOXX because they recognized what traditional insurers missed: that small and mid-sized businesses face growing cyber risks without the tools or protection to manage them.
BOXX wasn’t just selling policies—they were creating an integrated platform that combined cyber insurance, threat prevention, and real-time risk management. Their Cyberboxx platform made it easier for businesses to understand, manage, and transfer their cyber risk—solving a real-world problem with scalable technology.
Reflecting on the journey, Vishal Kundi, BOXX CEO and Co-founder, said:
“This milestone is testament to the hard work and dedication of the entire BOXX team and the support of our partners, brokers, and customers. Joining Zurich enables us to accelerate our mission to make the world a digitally safer place.”
Atul Kamra, Managing Partner at SixThirty, shared:
“BOXX understood that cyber risk isn’t just a technology problem—it’s a business resilience challenge. They built a model that helps small businesses not only recover from cyberattacks but actively prevent them. We’re proud to have been part of their journey and look forward to seeing the impact they’ll create alongside Zurich.”
When we first partnered with Vishal, Mike, and the BOXX team, we saw leaders who understood both the insurance world and the cybersecurity threat landscape. We’re proud to have supported BOXX as they built global partnerships, expanded into new markets, and proved that a prevention-first model could scale.
Congratulations to the entire BOXX team and to Zurich on this exciting new chapter. This is why we invest: to help bold teams solve big problems and build enduring companies.
