About Newfront
Newfront is a company based in San Francisco (United States) founded in 2017 by Brian Hetherington and Spike Lipkin was acquired by WTW in December 2025.. Newfront has raised $300 million across 2 funding rounds from investors including Goldman Sachs, WTW and Stack Capital Group. The company has 123 employees as of December 31, 2020. Newfront has completed 1 acquisition, including Aviation. Newfront offers products and services including Business Insurance, Total Rewards, and Risk Analytics. Newfront operates in a competitive market with competitors including ReSource Pro, Socotra, FintechOS, EIS Group and Riskcovry, among others.
- Headquarter San Francisco, United States
- Employees 123 as on 31 Dec, 2020
- Founders Brian Hetherington, Spike Lipkin
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Newfront Insurance Services
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$300 M (USD)
in 2 rounds
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Latest Funding Round
$200 M (USD), Series D
Apr 12, 2022
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Investors
Goldman Sachs
& 15 more
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Employee Count
123
as on Dec 31, 2020
- Investments & Acquisitions
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Acquired by
WTW
(Dec 10, 2025)
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Products & Services of Newfront
Newfront offers a comprehensive portfolio of products and services, including Business Insurance, Total Rewards, and Risk Analytics. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides coverage solutions for business risks and compliance needs
Curates benefit packages to attract and retain talent
Offers data-driven tools for risk assessment and management
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Leadership Team
87 people
Software Development Team
38 people
Senior Team
19 people
Operations Team
13 people
Client Team
9 people
Account Team
8 people
Human Resources and Administration
8 people
Sales and Marketing
8 people
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Funding Insights of Newfront
Newfront has successfully raised a total of $300M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $200 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series D — $200.0M
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First Round
First Round
(20 Oct 2020)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series D - Newfront | Valuation | Goldman Sachs , Y Combinator | |
| Oct, 2020 | Amount | Series C - Newfront | Valuation | Founders Fund , Meritech |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Newfront
Newfront has secured backing from 16 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Goldman Sachs, WTW and Stack Capital Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward US-based companies.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Newfront
Newfront has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Aviation. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Diversified insurance services are provided for aviation and marine sectors.
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1976 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Newfront
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Newfront Comparisons
Competitors of Newfront
Newfront operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ReSource Pro, Socotra, FintechOS, EIS Group and Riskcovry, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Insurance policy and claim management solutions for the insurance industry
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| domain | founded_year | HQ Location |
Cloud-based solutions for insurance policy management and underwriting are offered.
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| domain | founded_year | HQ Location |
AI-based software suite is provided for banking and insurance sectors.
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| domain | founded_year | HQ Location |
Cloud-based policy management and underwriting solutions for insurance are provided.
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| domain | founded_year | HQ Location |
A platform for digital insurance distribution and management is provided.
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| domain | founded_year | HQ Location |
Cloud-based software solutions for credit insurers, surety bonds & trade finance
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Newfront
Frequently Asked Questions about Newfront
When was Newfront founded?
Newfront was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Newfront located?
Newfront is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Newfront?
Spike Lipkin is the current CEO of Newfront. They have also founded this company.
Is Newfront a funded company?
Newfront is a funded company, having raised a total of $300M across 2 funding rounds to date. The company's 1st funding round was a Series C of $100M, raised on Oct 20, 2020.
How many employees does Newfront have?
As of Dec 31, 2020, the latest employee count at Newfront is 123.
What does Newfront do?
Provider of insurance brokerage and total rewards services. This company offers business insurance solutions, including asset protection, aviation, casualty, cyber risk, and workers compensation coverage. They also provide services such as alternative risk financing, claims advocacy, and mergers acquisitions support. In addition to insurance brokerage, they offer total rewards services, helping clients create competitive benefit packages to attract and retain talent. These services include retirement planning, benefits compliance, and HR support. The company utilizes technology to improve efficiency and client experience, offering online access to insurance programs and benefit plans.
Who are the top competitors of Newfront?
What products or services does Newfront offer?
Newfront offers Business Insurance, Total Rewards, and Risk Analytics.
How many acquisitions has Newfront made?
Newfront has made 1 acquisition, including Aviation.
Who are Newfront's investors?
Newfront has 16 investors. Key investors include Goldman Sachs, WTW, Stack Capital Group, Meritech Capital, and Founders Fund.
What is Newfront's valuation?
The valuation of Newfront is $500M as of Oct 2020.