About Next Insurance
Next Insurance is a company based in Palo Alto (United States) founded in 2016 by Nissim Tapiro, Alon Huri, and Guy Goldstein was acquired by ERGO in March 2025.. Next Insurance has raised $1.2 billion across 10 funding rounds from investors including American Express, Allstate and ERGO. Next Insurance has completed 2 acquisitions, including AP Intego Insurance Group and Juniper Labs. Next Insurance offers products and services including General Liability Insurance, Workers’ Compensation Insurance, and Business Owner’s Policy. Next Insurance operates in a competitive market with competitors including Marble, Gabi, Covered, Insureon and Layr, among others.
- Headquarter Palo Alto, United States
- Founders Nissim Tapiro, Alon Huri, Guy Goldstein
- Stage Unicorn
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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
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- Legal Name Next Insurance, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.2 B (USD)
in 10 rounds
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Latest Funding Round
$265 M (USD), Series E
Oct 02, 2023
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Investors
American Express
& 17 more
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Employee Count
Employee Count
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Investments & Acquisitions
AP Intego Insurance Group
& 1 more
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Acquired by
ERGO
(Mar 20, 2025)
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Products & Services of Next Insurance
Next Insurance offers a comprehensive portfolio of products and services, including General Liability Insurance, Workers’ Compensation Insurance, and Business Owner’s Policy. 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.
Covers business liabilities for accidents and claims in various professions.
Provides benefits for employee injuries and workplace incidents.
Offers combined coverage for property and liability needs of small businesses.
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Product Management Team
33 people
Software Development Team
32 people
Sales and Marketing
21 people
Human Resources and Administration
18 people
Data Analysis and Operations Team
14 people
Finance and Accounting
14 people
Senior Team
8 people
Leadership Team
5 people
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Funding Insights of Next Insurance
Next Insurance has successfully raised a total of $1.2B across 10 strategic funding rounds. The most recent funding activity was a Series E round of $265 million completed in October 2023. 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 10
- Last Round Series E — $265.0M
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First Round
First Round
(15 Mar 2016)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2023 | Amount | Series E - Next Insurance | Valuation | Allstate , Allianz X |
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| Mar, 2021 | Amount | Series D - Next Insurance | Valuation | Battery Ventures , FinTLV | |
| Mar, 2020 | Amount | Series D - Next Insurance | Valuation | CapitalG , FinTLV |
| 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 Next Insurance
Next Insurance has secured backing from 18 investors, including institutional and venture fund investors. Prominent investors backing the company include American Express, Allstate and ERGO. 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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Startups are funded via venture capital by Allianz-backed Allianz X.
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Founded Year | Domain | Location | |
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Investments in technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location | |
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Venture capital firm investing in fintech 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 Next Insurance
Next Insurance has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include AP Intego Insurance Group and Juniper Labs. 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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API-based quoting software is provided for insurance classification.
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2018 | ||||
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Digital insurance platforms are offered for small businesses.
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2003 |
| 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 - Next Insurance
| 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 |
Next Insurance Comparisons
Competitors of Next Insurance
Next Insurance 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 Marble, Gabi, Covered, Insureon and Layr, 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 quotes are compared via a reward-based platform for individuals.
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| domain | founded_year | HQ Location |
Online comparison of property and casualty insurance quotes is facilitated.
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| domain | founded_year | HQ Location |
Insurance comparison platform for home
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| domain | founded_year | HQ Location |
Online quotes for business property and casualty insurance are compared.
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| domain | founded_year | HQ Location |
P&C insurances are compared via a cloud-based platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Next Insurance
Frequently Asked Questions about Next Insurance
When was Next Insurance founded?
Next Insurance was founded in 2016.
Where is Next Insurance located?
Next Insurance is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Who is the current CEO of Next Insurance?
Guy Goldstein is the current CEO of Next Insurance. They have also founded this company.
Is Next Insurance a funded company?
Next Insurance is a funded company, having raised a total of $1.2B across 10 funding rounds to date. The company's 1st funding round was a Series D of $250M, raised on Mar 15, 2016.
What does Next Insurance do?
Next Insurance was founded in 2016 and is headquartered in Palo Alto, United States. Small business insurance policies are offered online, covering general liability, workers compensation, commercial property, and professional liability. Coverages are customized for various business types and professions. Quotes are generated online, with instant certificates of insurance accessible. Claims are processed in-house, supported by AI technology for efficiency in the insurance sector.
Who are the top competitors of Next Insurance?
What products or services does Next Insurance offer?
Next Insurance offers General Liability Insurance, Workers’ Compensation Insurance, and Business Owner’s Policy.
How many acquisitions has Next Insurance made?
Next Insurance has made 2 acquisitions, including AP Intego Insurance Group, and Juniper Labs.
Who are Next Insurance's investors?
Next Insurance has 18 investors. Key investors include American Express, Allstate, ERGO, Nationwide, and Markel Corporation.
What is Next Insurance's valuation?
The valuation of Next Insurance is $4B as of Mar 2021.
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