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
Locked
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Phone
Locked
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Website
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Social
Locked
- Legal Name Next Insurance, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
People of Next Insurance
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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.
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.
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Startups are funded via venture capital by Allianz-backed Allianz X.
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Investments in technology companies are conducted globally by Battery Ventures.
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Venture capital firm investing in fintech sectors
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Investor details for Next Insurance
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- Investor domains
- Investor locations
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Verified entity values are shown only after access is granted.
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.
Investment portfolio details for Next Insurance
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- Portfolio identities
- Transaction dates
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- Investment values
Verified entity values are shown only after access is granted.
| 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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Digital insurance platforms are offered for small businesses.
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Complete acquisition details for Next Insurance
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Next Insurance
Detailed financials for Next Insurance
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
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Next Insurance Comparisons
Peer comparison for Next Insurance
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Insurance quotes are compared via a reward-based platform for individuals.
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Online comparison of property and casualty insurance quotes is facilitated.
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Insurance comparison platform for home
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Online quotes for business property and casualty insurance are compared.
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P&C insurances are compared via a cloud-based platform.
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Detailed competitors of Next Insurance
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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Latest news on Next Insurance
Complete news archive for Next Insurance
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- Source and publication date
- Older coverage
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Frequently Asked Questions about Next Insurance
Next Insurance was founded in 2016.
Next Insurance is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Guy Goldstein is the current CEO of Next Insurance. They have also founded this company.
Next Insurance is a funded company, having raised a total of $1.2B across 10 funding rounds to date.
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.
Next Insurance offers General Liability Insurance, Workers’ Compensation Insurance, and Business Owner’s Policy.
Next Insurance has made 2 acquisitions, including AP Intego Insurance Group, and Juniper Labs.
Next Insurance has 18 investors. Key investors include American Express, Allstate, ERGO, Nationwide, and Markel Corporation.
The valuation of Next Insurance is $4B as of Mar 2021.