Next Insurance Overview
- Year Founded
-
2015

- Status
-
Acquired/Merged
- Employees
-
727

- Latest Deal Type
-
M&A
- Latest Deal Amount
-
$2.6B
Next Insurance General Information
Description
Developer of an insurance platform designed to meet the needs of small businesses. The company's platform offers a variety of coverage options including general liability, workers' compensation, commercial property, and professional liability, enabling contractor, fitness, cleaning, beauty, therapy, entertainment, and education sectors to buy tailored insurance at competitive rates.
Contact Information
Website
www.nextinsurance.com(Operating Subsidiary)
Corporate Office
- 975 California Avenue
- Palo Alto, CA 94304
- United States
Corporate Office
- 975 California Avenue
- Palo Alto, CA 94304
- United States
Next Insurance Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
10. Merger/Acquisition | 19-Mar-2025 | $2.6B | Completed | Generating Revenue | ||
9. Later Stage VC (Series G) | 01-Nov-2023 | Completed | Generating Revenue | |||
8. Mezzanine | 01-Feb-2023 | Completed | Generating Revenue | |||
7. Later Stage VC (Series F) | 30-Mar-2021 | Completed | Generating Revenue | |||
6. Secondary Transaction - Private | 18-Dec-2020 | Completed | Generating Revenue | |||
5. Later Stage VC (Series E) | 23-Sep-2020 | Completed | Generating Revenue | |||
4. Later Stage VC (Series D) | 07-Oct-2019 | Completed | Generating Revenue | |||
3. Later Stage VC (Series C) | 11-Jul-2018 | Completed | Generating Revenue | |||
2. Early Stage VC (Series B) | 12-Jun-2017 | $35M | $48M | Completed | Generating Revenue | |
1. Early Stage VC (Series A) | 15-Mar-2016 | $13M | $13M | Completed | Startup |
Next Insurance Cap Table
Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
---|---|---|---|---|---|---|---|---|
Series G | ||||||||
Series F | ||||||||
Series E | ||||||||
Series D | ||||||||
Series C1 | ||||||||
Series C | ||||||||
Series B2 | ||||||||
Series B1 | ||||||||
Series B | 77,409,630 | $0.000200 | 8% | $0.45 | $0.45 | 1x | $0.45 | 7.96% |
Series A | 78,162,560 | $0.000200 | 8% | $0.17 | $0.17 | 1x | $0.17 | 8.04% |
Next Insurance Comparisons
Industry
Financing
Details
Next Insurance Competitors (12)
One of Next Insurance’s 12 competitors is biBERK, a Corporation company based in Stamford, CT.
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
biBERK | Corporation | Stamford, CT | ||||
Mid USA Insurance Agency | Corporation | Blue Springs, MO | ||||
Gravie | Private Equity-Backed | Minneapolis, MN | ||||
Hiscox | Formerly PE-Backed | Atlanta, GA | ||||
Embroker | Venture Capital-Backed | San Francisco, CA |
Next Insurance Signals
Next Insurance Former Investors (30)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
---|---|---|---|---|
AMEX Ventures | Corporate Venture Capital | Minority | ||
Allianz X | Growth/Expansion | Minority | ||
Allstate | Corporation | Minority | ||
Alphabet | Holding Company | Minority | ||
American Express | Corporation | Minority |
Next Insurance Acquisitions (2)
Next Insurance’s most recent deal was a Merger/Acquisition with AP Intego Insurance Group. The deal was made on 18-Feb-2021.
Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
---|---|---|---|---|---|
AP Intego Insurance Group | 18-Feb-2021 | Merger/Acquisition | Insurance Brokers | ||
Juniper Labs | 10-Dec-2020 | Merger/Acquisition | Financial Software |
Next Insurance FAQs
-
When was Next Insurance founded?
Next Insurance was founded in 2015.
-
Where is Next Insurance headquartered?
Next Insurance is headquartered in Palo Alto, CA.
-
What is the size of Next Insurance?
Next Insurance has 727 total employees.
-
What industry is Next Insurance in?
Next Insurance’s primary industry is Commercial/Professional Insurance.
-
Is Next Insurance a private or public company?
Next Insurance is a Private company.
-
What is the current valuation of Next Insurance?
The current valuation of Next Insurance is
. -
What is Next Insurance’s current revenue?
The current revenue for Next Insurance is
. -
How much funding has Next Insurance raised over time?
Next Insurance has raised $1.17B.
-
Who are Next Insurance’s investors?
AMEX Ventures, Allianz X, Allstate, Alphabet, and American Express are 5 of 30 investors who have invested in Next Insurance.
-
Who are Next Insurance’s competitors?
biBERK, Mid USA Insurance Agency, Gravie, Hiscox, and Embroker are some of the 12 competitors of Next Insurance.
-
When was Next Insurance acquired?
Next Insurance was acquired on 19-Mar-2025.
-
Who acquired Next Insurance?
Next Insurance was acquired by Ergo Group.
Data Transparency
-
Meet our data hygiene team
Discover how our experts ensure you’re getting the most accurate financial data in the industry.
Read blog » -
How PitchBook sources data
Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.
Discover our process »