Next Insurance Raises New Funding And Doubles Valuation To $4 Billion In Six Months To Accelerate Innovation For Small Businesses Insurance
Round Type
Funding Round
Palo AltoFintechInsurtechInsuranceDescription
Next Insurance, the leading digital insurtech company transforming small business insurance, today announced a $250 million new funding round led by FinTLV Ventures and Battery Ventures with participation from CapitalG, Group 11, Zeev Ventures, Founders Circle and G Squared bringing the company's valuation to $4 billion and total funding raised to more than $880 million. The new financing follows a momentous six months during which Next Insurance announced two acquisitions, added new strategic partners, and doubled its gross written premium. FinTLV Ventures founder and managing partner Gil Arazi and Battery Ventures general partner Michael Brown, will join as board observers.
Quick answer
NEXT Insurance raised an undisclosed amount in a Funding Round round, dated March 31, 2021. NEXT Insurance is based in Palo Alto, California, United States.
- How much did NEXT Insurance raise?
- NEXT Insurance raised an undisclosed amount in a Funding Round round on March 31, 2021.
- What does NEXT Insurance do?
- NEXT Insurance is transforming small business insurance with simple, digital and affordable coverage tailored to the self-employed.
- Where is NEXT Insurance based and how big is it?
- NEXT Insurance is based in Palo Alto, California, United States. Fundz records about 720 employees.
- Who are the decision-makers at NEXT Insurance?
- Fundz holds 2 contacts at NEXT Insurance, including the Head of Partnership Development. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Fintech and Insurtech around the same time
Companies in the same sectors as NEXT Insurance that raised within 45 days of this round, from Fundz verified event records.
- PING AN raised an undisclosed amount (Funding Round) on May 12, 2021.
- Vantage raised an undisclosed amount (Funding Round) on May 7, 2021.
- Gradient AI raised $20M on April 14, 2021.
- InsuranceZebra raised $125M on April 12, 2021.
- Kettle raised $25M on May 14, 2021.
- eHealth raised $225M on May 14, 2021.
Who to call at NEXT Insurance, and when
A new round usually means NEXT Insurance is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day NEXT Insurance raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at NEXT Insurance, from your own LinkedIn network
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Fundz sees it the moment NEXT Insurance raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
NEXT Insurance raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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