Next Insurance Overview

  • Year Founded
  • 2015

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 727

Employees

  • 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

Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 975 California Avenue
  • Palo Alto, CA 94304
  • United States
+1 (855)
Primary Industry
Commercial/Professional Insurance
Other Industries
Other Insurance
Parent Company
Vertical(s)
Corporate Office
  • 975 California Avenue
  • Palo Alto, CA 94304
  • United States
+1 (855)

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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
To view Next Insurance’s complete valuation and funding history, request access »

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%
To view Next Insurance’s complete cap table history, request access »

Next Insurance Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of an insurance platform designed to meet the needs of small businesses. The company's platform offers a varie
Commercial/Professional Insurance
Palo Alto, CA
727 As of 2025

Stamford, CT

Blue Springs, MO
 
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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
You’re viewing 5 of 12 competitors. Get the full list »

Next Insurance Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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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
You’re viewing 5 of 30 investors. Get the full list »

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
To view Next Insurance’s complete acquisitions history, request access »

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.

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