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 717 employees Acquired Total: $3.75B

General Information

Company Name Next Insurance
Founded Year 2016
Location United States Palo Alto, United States +1
Employees 717
Funding Stage Acquired
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.

Taxonomy: 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 •••••• 1
Investor
01 Mar 2025
Series G •••••• 2
Investor
•••• ••••
01 Nov 2023
Series E •••••• 6
Investor Investor Investor Investor Investor
•••• ••••
01 Mar 2021
Series D •••••• 3
Investor Investor Investor
01 Sep 2020
Series C •••••• 1
Investor
01 Oct 2019

View All 8 Funding Rounds

Next Insurance Alternatives & Competitors

Next Insurance vs

Sztuka ubezpieczeń

1711 employees
Insurance
Next Insurance vs
Covrzy
Covrzy India

Simplifying business insurance for Indian startups and SMEs

Pre Seed
16 employees
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Next Insurance vs
Foxquilt
Foxquilt Canada

Your Business Your Insurance

Series B
45 employees
Financial Services, Fintech

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 approximately 717 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 ERGO Hestia, Covrzy, Foxquilt, Fuse Insurance Ltd., Coverdash. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Next Insurance and ERGO Hestia 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.

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