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Next Insurance logo — Offering simple, affordable insurance coverage solutions for...

Next Insurance

Offering simple, affordable insurance coverage solutions for small businesses

Founded 2016 United States Palo Alto, United States 470 employees Acquired Total: $3.75B

General Information

Company Name Next Insurance
Founded Year 2016
Location United States Palo Alto, United States
Employees 470
Funding Stage Acquired
Business Model B2B, E Commerce, SaaS
Revenue Model Subscription, Tiered Pricing, Commission
Social

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About Next Insurance

Next Insurance, founded in 2016, has been making significant strides in revolutionizing insurance coverage for small businesses. With the mission of offering "simple, affordable insurance coverage solutions for small businesses," the company has successfully carved out a niche market, providing specialized online insurance solutions to over 1,300 professions. Their diverse client base ranges from construction firms to boutique consultants and restaurants.

Headquartered in the United States, Next Insurance continues to expand its reach, having already gained the trust of more than 750,000 small businesses. The company recently secured a substantial $2.60B acquisition investment from Munich Re as of March 1, 2025. This investment further anchors their position in the market, allowing them to enhance their product offerings and expand their market footprint.

Business keywords: Small Business Insurance, Online Insurance Services, Self-Employed Insurance, Insurance Technology, Claims Investigation, Affordable Insurance Solutions, Technology-Driven Insurance, Entrepreneur Insurance, General Contractor Insurance, Personal Trainer Insurance, Digital Insurance Platform, Construction Industry Insurance, Consultant Insurance, Restaurant Insurance, Insurtech Startups

Services & Products

Instant Online Quote
Customizable Insurance Policies
Digital-first Platform
Small Business Focus
Bundled Discounts

Target Customers

Small Business Owners Contractors Consultants Retail Owners Construction Companies Consultants Beauty and Personal Care Professionals Food & Beverage Businesses Sports & Fitness Instructors Arts & Entertainment Professionals

Funding Rounds & Investors (8)

View All
Funding Stage Amount Investors Lead Investors Date
Acquisition $2.60B 1
Munich Re
01 Mar 2025
Series G $265.00M 2
Allianz X, Allstate
01 Nov 2023
Series E $250.00M 6
Battery Ventures, Group 11 +4
01 Mar 2021
Series D $250.00M 3
CapitalG, FinTLV +1
01 Sep 2020
Series C $250.00M 1
Munich Re Ventures
01 Oct 2019
Series B $83.00M 9
American Express Ventures, Group 11 +7
01 Jul 2018
Series A $35.00M 7
American Express Ventures, Ribbit Capital +5
01 May 2017
Seed $13.00M 3
Ribbit Capital, TLV Partners +1
01 Mar 2016

Next Insurance Alternatives & Competitors

View All Alternatives
Next Insurance vs
Huckleberry
Huckleberry United States

Huckleberry offers simple, fast business insurance—powered by technology. 100% online. 100% easy.

Series A
29 employees
Insurance, Insurtech
Next Insurance vs
WETTERHELD
WETTERHELD Germany

We insure weather risks of small businesses: fast, simple and digital. Don't be afraid of bad weath...

3 employees
Next Insurance vs

L'insurtech qui conçoit des plateformes de distribution de produits d'assurance.

Venture round
30 employees
Design, Insurance

FAQ About Next Insurance

Offering simple, affordable insurance coverage solutions for small businesses
Next Insurance was founded in 2016.
Next Insurance is headquartered in Palo Alto, United States.
Next Insurance has a B2B, E Commerce and SaaS business model. Its revenue comes from Subscription, Tiered Pricing and Commission.
Next Insurance has approximately 470 employees.
Next Insurance has completed 8 funding rounds, raising a total of $3.75B. The latest funding stage is Acquired.
Next Insurance offers: Instant Online Quote, Customizable Insurance Policies, Digital-first Platform, Small Business Focus, Bundled Discounts.
Top alternatives and competitors to Next Insurance include Huckleberry, WETTERHELD, Lya Protect, Coverdash, Foxquilt. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Next Insurance and Huckleberry are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Next Insurance, https://bouncewatch.com/company/next-insurance, updated 31 October 2026. When citing, please name BounceWatch and link this page.

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