Total raised
$1.1B
Last: Series F 2023-11
Stage
Acquired
Founded
2016
Headcount
711
HQ
Kefar Sava
Sector
Fintech & Insurtech
About
Next Insurance develops insurance solutions for small businesses, offering simple, affordable coverage tailored to the needs of each class of business. Next Insurance offers policies that are easy to buy, with online access to services such as certificates of insurance and additional insured coverage with no extra fees.
Funding history · 7 rounds · $1.1B total
2023-11
Series F
$265.0M
2021-03
Series E
$250.0M
2020-09
Series D
$250.0M
2019-10
Series C
$250.0M
2018-07
Series B
$83.0M
2017-06
Series A
$35.0M
2016-03
Seed
$13.0M
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- When was Next Insurance acquired and by whom?
- Next Insurance was acquired by Munich Re in March 2025 for $2.6 billion. Munich Re was an early investor in Next Insurance and acquired the 71% of the company it did not already own.
- What was Next Insurance's total funding raised before its acquisition?
- Next Insurance raised a total of $1.146 billion in funding across multiple rounds before its acquisition.
- What was Next Insurance's most recent funding round prior to its acquisition?
- Next Insurance completed a Series F funding round in November 2023, raising $265 million from lead investor Allstate Strategic Ventures, with participation from Allianz X. The valuation remained the same as in 2021.
- Did Next Insurance experience any workforce reductions?
- In July 2022, Next Insurance reduced its workforce by 17%.
- When did Next Insurance become a licensed insurance carrier?
- Next Insurance became a licensed insurance carrier in May 2018, enabling it to offer tailored digital insurance directly to small businesses.
- What was a significant partnership for Next Insurance in March 2021?
- In March 2021, Next Insurance partnered with Amazon Business Prime to provide small businesses with affordable digital insurance options.
- What acquisitions did Next Insurance make in late 2020 and early 2021?
- Next Insurance acquired Juniper Labs in December 2020 and AP Intego in March 2021, with the latter acquisition doubling Next Insurance's revenue.
- What was Next Insurance's valuation after its Series E round?
- Following its Series E funding round in March 2021, Next Insurance doubled its valuation to $4 billion.
- What was Next Insurance's gross written premium run rate in February 2020?
- In February 2020, Next Insurance achieved a $100 million gross written premium run rate, representing 3x growth.
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechInsurtech
Technologies
Platforms & InterfacesWebArtificial Intelligence
Target customers
Financial ServicesFinancial ProductsInsuranceEnterprise & Professional ServicesSMBs & SMEs
Business model
B2B
Highlights
Verified
Tags
unicorn-2019underwritingfintech