Counterpart Inc., a Walnut, Calif.-based insurtech using technology and data to transform the management liability insurance market, has raised $10 million in funding led by Valor Equity Partners.

The insurtech field is wide open for startups like Counterpart and larger online insurance rival Next Insurance, which have made forays into the personal insurance market in recent years. To date, the Silicon Valley-based Next Insurance, which also provides small business liability insurance, has raised a total of $631 million.