Next Insurance is a leading digital insurtech company transforming small business insurance with simple, digital and affordable coverage tailored to the self-employed.
Next Insurance offers policies that are easy to buy in 10 minutes or less and provides 24/7 access to services such as Live Certificates of Insurance, Additional Insured, and more, with no extra fees.
Next Insurance was founded in Israel in 2016 by Guy Goldstein, Alon Huri and Nissim Tapiro. The company is headquartered in Palo Alto, California.
NEXT online platform offers its products in 50 states and Washington, D.C., covering a wide range of insurance needs from general liability to commercial property insurance. The company sell its products in partnerships with Intuit, benefits provider Gusto, captive insurance agents of larger providers and independent insurance agencies.
NEXT introduced customizable coverage options, including their proprietary pay-as-you-go workers' compensation. Introduced a user-friendly mobile app, invested in AI-driven underwriting and streamlined customer experiences.
NEXT has strategic partnerships with insurance giants Allianz Re, Allstate, Allianz X to provide superior digital insurance offerings to an even broader group of entrepreneurs. The company currently serves 500,000 active small business customers.
Next is backed by Munich Re, Redpoint Ventures, Allstate, Allianz, Nationwide, Markel, American Express, Battery Ventures, Ribbit Capital, TLV Partners, CapitalG. FinTLV, and others. The company raised $265M in a new round on Nov 01, 2023. This brings NEXT's total funding to $1.15B to date. Next Insurance was valued at $4B after its $250M Series E round in Apr 2021.