Next Insurance

insurtechonline first insurance

FOUNDING YEAR: 2016
LOCATION: United States
Last Update: 18/10/2019

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About

Next Insurance provides an insurance platform for SME's. The platform would be available on Mobile & Desktop and users can choose a customized plans.

Focus

PRODUCTS & SERVICES

Online insurance platform for SME's.

REVENUE MODEL

The company offers plans on month subscription basis for business owners. It earns revenue based on fee-based model.

MAIN CLIENTS

Personal trainers

Photographers

Construction owners

EXISTING PARTNERSHIPS

Partnered with underwriter firms Munich Re and Markel Corporation. Partnered with insurers Liberty Mutual

Markel

HISCOX

Traction

VALUATION / MARKET CAP:

$193.33 M in 2017

TRACTION COMMENT:

The company claims that double digit growth in term of the policies of small business owners.

People

FOUNDERS

Nissim Tapiro

Alon Huri.

Alon Huri

BOARD MEMBERS AND ADVISORS

Eitan Bek

NUMBER OF EMPLOYEES

101-250

INVESTORS:

American Express Ventures

Global Founders Capital

Group 11

Markel Corporation

Munich Re / HSB Ventures

Nationwide Building Society

Redpoint

Ribbit Capital

SGVC

Silicon Valley’s Redpoint Ventures

TLV Partners

Zeev Ventures

KEY EMPLOYEES:

Guy Goldstein(CEO); Alon Huri(CTO)

Momentum

FUNDED

YES

TOTAL FUNDING

$381 M

DATE OF LAST FUNDING

Oct 2019

TOTAL FUNDING COMMENT

The company is planning to use the funds to continue expanding across the U.S and also increase headcount in both its Israel and U.S. offices. (July 2018)

SEED & PRIOR FUNDING

$13 M

SEED CLOSED ON

Mar 2016

FUNDING SERIES

SERIES A  · $35 M  · May 2017

SERIES B  · $83 M  · Jul 2018

SERIES C  · $250 M  · Oct 2019

LISTED

NO

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