Next Insurance

Next Insurance is a leading digital insurance company for businesses owners. The company is changing the face of Small Business Insurance by merging technology, design & good old-fashioned know-how.

Next Insurance is transforming small business insurance with simple, affordable coverage, tailored to the needs of each class of business.

Next Insurance was founded in 2016 by Guy Goldstein, Alon Huri and Nissim Tapiro. The company is headquartered in Palo Alto, California.

Next Insurance offers a number of insurance products, including general liability, which covers a number of accidents at work, including property damage, physical injury; professional liability, which covers business owners from accusations of professional mistakes; and commercial auto, which pays for damage caused by or to your business vehicle.

Next Insurance is utilizing advanced technology to offer the industry's most innovative small business insurance policies. The company has over 100,000 customers in the U.S. Next Insurance is working with leading agents including BTIS, London Underwriters, First Connect Insurance and more.

 

Next Insurance is backed by Munich Re, Redpoint Ventures, Nationwide, Markel, American Express Ventures, Ribbit Capital, TLV Partners, SGVC, and Zeev Ventures. The company raised. $250M from a "Series C" financing on Oct 7, 2019. This latest round brings Next Insurance's total funding to $381M to date.

 

Next Insurance has receieved a valuation of over $1B from its latest round of funding on Oct 7, 2019. And becomes the newest unicorn from the Bay Area.

 

 

  • Year founded: 2016
  • Funding Info: $381M over 4 Rounds (Last Funding Type: Series C)
  • Yearly Revenue: $20M-$50M (2018)
  • Employee Size: 201-500
  • Business Valuation: Valued at $1B+ as of Oct 7, 2019
  • City/Town: Palo Alto
  • State: California
  • Country: United States
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