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Next Insurance

Palo Alto, California, United States InsurTech Acquired

Next Insurance provides digital-first insurance solutions specifically designed for small businesses and self-employed entrepreneurs. Using artificial intelligence and machine learning, the platform enables small business owners to obtain customized quotes in under 10 minutes and receive digital certificates of insurance. The company offers multiple types of business insurance coverage including general liability, business interruption, workers' compensation, equipment, and key person insurance.

Acquired

Next Insurance has been acquired

Acquired by Munich Re / ERGO Group March 20, 2025 $2.6 billion

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

2016

Employees

500–750

Total Funding

$1.15B

8 rounds

Latest Valuation

$2.6B

March 2025

Funding

Total raised $1.15B across 8 rounds

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

Last updated 06-25-2026

Latest Round

Type

Acquisition

Date

March 2025

Amount

Not disclosed

Valuation

$2.6B

Lead Investors

Ergo Group
DateRoundAmount RaisedValuationLead Investors
March 2025 Acquisition Not disclosed $2.6B Ergo Group
October 2023 Series F $265M $1.1B Allstate, Allianz X
March 31, 2021 Series E $250M $4B FinTLV Ventures, Battery Ventures

Funding by Round

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

Valuation Trajectory

Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.

If you invested at:
1x 2x 5x 2020 2022 2024 Next Insurance

Entry · Series C

$1B

Oct 2019

Next Insurance today

$2.6B

Mar 2025 · latest mark

Next Insurance multiple

2.6x

valuation uplift since first round

Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.

Prominent Investors

Battery Ventures Allstate Capital G Munich Re Group11 Allianz X TLV Partners Fin TLV

Leadership

  • Guy Goldstein

    CEO and Co-Founder

  • Alon Huri

    Co-Founder

  • Nissim Tapiro

    Co-Founder

Competitors

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

  • Root Insurance

    Digital-first auto and home insurance platform using technology and data analytics to provide personalized coverage

  • Lemonade

    AI-powered insurance platform offering renters, homeowners, life, and pet insurance with instant claims

  • Oscar

    Health insurance company using AI and mobile technology to simplify the insurance experience

  • Catch

    Digital insurance platform for self-employed and freelance workers

  • Stride Health

    Technology platform helping individuals find and enroll in health insurance plans

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