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.
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
People of Newfront
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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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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.
| 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 |
Investments & Acquisitions by Newfront
Newfront has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Aviation.
| 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 |
Financial Statements - Newfront
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.
| 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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Frequently Asked Questions about Newfront
Newfront was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Newfront is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Spike Lipkin is the current CEO of Newfront. They have also founded this 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.
As of Dec 31, 2020, the latest employee count at Newfront is 123.
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.
Newfront offers Business Insurance, Total Rewards, and Risk Analytics.
Newfront has made 1 acquisition, including Aviation.
Newfront has 16 investors. Key investors include Goldman Sachs, WTW, Stack Capital Group, Meritech Capital, and Founders Fund.
The valuation of Newfront is $500M as of Oct 2020.