Newfront Insurance

San Francisco, CA Financial Services Acquired

Newfront is a tech-enabled commercial insurance brokerage that digitizes the insurance process for mid-market businesses. Founded in 2017 by Spike Lipkin, Gordon Wintrob, and Brian Hetherington, the company combines proprietary technology with expert brokers to provide business insurance, employee benefits, total rewards, and retirement services.

Acquired

Newfront Insurance has been acquired

Acquired by Willis Towers Watson January 27, 2026 $900M (upfront)

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2017

Employees

600–700

Total Funding

$342M

5 rounds

Latest Valuation

$2.2B

April 12, 2022

Funding

Total raised $342M across 5 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Series D

Date

April 12, 2022

Amount

$200M

Valuation

$2.2B

Lead Investors

Goldman SachsB Capital
DateRoundAmount RaisedValuationLead Investors
April 12, 2022 Series D $200M $2.2B Goldman Sachs, B Capital
October 1, 2020 Series C $100M Founders Fund, Meritech Capital
December 1, 2018 Series B $30M Founders Fund

Prominent Investors

Stack Capital Goldman Sachs Growth Equity B Capital Group Founders Fund Y Combinator B Capital Founders Fund Goldman Sachs Stack Capital Y Combinator

Leadership

  • Spike Lipkin

    Co-Founder & Chief Executive Officer

  • Gordon Wintrob

    Co-Founder & Chief Technology Officer

    LinkedIn
  • Brian Hetherington

    Co-Founder & President

    LinkedIn

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • AssuredPartners

    National insurance broker providing business insurance, employee benefits, and risk management services

  • Orion Risk Management

    Full-service insurance brokerage and risk management firm

  • Risk Strategies

    Commercial insurance brokerage and risk management company

  • USI

    Large national insurance and benefits consulting firm

  • Embroker

    Digital insurance brokerage platform specializing in business insurance

  • Next Insurance

    Digital small business insurance platform

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Data collected with AI, which can make mistakes. Please double-check this information.