About Next Insurance
Next Insurance is a Financial Services company based in Palo Alto (United States) founded in 2016 by Nissim Tapiro and Alon Huri, and was acquired by ERGO in March 2025. Online small business insurance policies are provided. Next Insurance has raised $1.12 billion across 10 funding rounds from investors including American Express, Allstate and ERGO. The company has 549 employees. Next Insurance has completed 2 acquisitions, including AP Intego Insurance Group and Juniper Labs. Next Insurance was last valued at $2.6 billion in March 2025. Its chief executive, as recorded, is Guy Goldstein. Its website nextinsurance.com draws about 652 thousand monthly visits. Next Insurance offers products and services including General Liability Insurance, Workers’ Compensation Insurance, and Business Owner’s Policy. Its focus areas include FinTech, Internet First Insurance Platforms, Insurance Comparison Platforms and P&C. Its legal entity is Next Insurance, Inc. Its competitors include Marble, Gabi and Covered; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Palo Alto, United States
- Employees 549
- Founders Nissim Tapiro, Alon Huri
- Stage Acquired
- SectorsFinancial Services
- Website category Finance · Insurance
- Email••••••••
- Phone•••• ••••
- Website nextinsurance.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by ERGO (Mar 2025)
- Legal Name Next Insurance, Inc.
- Total Equity Funding$1.12B (USD)
in 10 rounds
- Latest Funding Round$265M (USD), Series E
Oct 2023
- InvestorsAmerican Express
& 24 more
- Employee Count549
- Investments & AcquisitionsAP Intego Insurance Group
& 1 more
- Acquired byERGO
(Mar 2025)
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.
Apps and channels of Next Insurance
Next Insurance publishes 1 mobile app with over 100K+ downloads; its YouTube channel NEXT Insurance has 6.21K subscribers and 30 videos.
Videos from Next Insurance
The most watched videos on Next Insurance's YouTube channel, NEXT Insurance (6.21K subscribers). Click a video to play it here.
More on NEXT Insurance.
Funding Insights of Next Insurance
Next Insurance has successfully raised a total of $1.12B 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 $1.12B
- Total Rounds 10
- Last Round Series E — $265M
- First Round $13M
(Mar 2016)
- Investors Count 25
All 10 funding rounds of Next Insurance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2023 | $265M | Series E | – | Allstate, Allianz X | – |
| Mar 2021 | $180M | Series D | $4B | Battery Ventures, FinTLV | |
| Mar 2020 | $250M | Series D | $2B | CapitalG, FinTLV | |
| Oct 2019 | $250M | Series C | – | American Express Ventures | |
| Jul 2018 | $83M | Series B | – | – | |
| Jun 2018 | $83M | Series B | – | Redpoint Ventures | |
| Jun 2017 | $6M | Series A | – | American Express | – |
| Jun 2017 | $35M | Series A | – | – | – |
| Mar 2017 | $35M | Series A | – | Munich Re Ventures | |
| Mar 2016 | $13M | Seed | – | Zeev Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2021 | $4B | •••••••• |
| Mar 2020 | $2B | •••••••• |
Full valuation and stage history of Next Insurance
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $2.6B (Mar 2025). 25 investors in total: 25 institutional.
Investors in Next Insurance
Next Insurance has secured backing from 25 investors, including institutional and venture fund investors. Prominent investors backing the company include American Express, Allstate and ERGO.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are funded via venture capital by Allianz-backed Allianz X. | allianzx.com | Munich, Germany | ||
Investments in technology companies are conducted globally by Battery Ventures. | battery.com | |||
Venture capital firm investing in fintech sectors | fintlv.com | Tel Aviv, Israel | ||
Growth-stage companies are invested in by CapitalG, Alphabet's independent fund. | capitalg.com | San Francisco, United States | ||
Investments in early-stage startups are made by Zeev Ventures. | zeevventures.com | Palo Alto, United States | ||
Investment management firm focusing on venture capital and direct secondary transactions | founderscircle.com | Campbell, United States | ||
Investments in fintech companies are made by Group 11. | group11.vc | Beverly Hills, United States | ||
Growth-stage technology companies are funded via primary and secondary investments. | gsquared.com | Chicago, United States | ||
Startups are funded by Munich Re-backed venture capital firm. | munichreventures.com | San Francisco, United States | ||
Venture capital investments are directed toward multiple sectors. | americanexpress.com/us/business/american-express-ventures | New York, United States |
Investor details for Next Insurance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
People of Next Insurance
190 people are tracked at Next Insurance (58 in leadership, 1 in board & advisors, 131 in team); the tracked headcount is 549.
| Name | Role | Group |
|---|---|---|
Nissim Tapiro | Co-Founder & CTO | Leadership |
Alon Huri | Co-Founder | Leadership |
Guy Goldstein | CEO | Leadership |
Tony Z. | Chief Of Staff And VP Of Business Operations | Leadership |
Dikla Binder-Zur | Director Of Engineering | Leadership |
Meshi Peer | Director Of Engineering | Leadership |
Shani Nago-Michal | Director of People | Leadership |
Shlomi Shpilman | Director Of Global Information Systems | Leadership |
Sivan Avihud (LION) | Global VP Of People | Leadership |
Elad Shafran | Head Of People Operations | Leadership |
Shani Kacevich | Head Of Talent Acquisition, Employee Experience And HR Operations, IL | Leadership |
Jenn Lamantia | Director, Head Of Global Talent, Experience & Inclusion | Leadership |
Ben B Johnson | Finance Director, Head Of Revenue And Growth Fp&a | Leadership |
Batia Shafir | Head Of People | Leadership |
Crystal Thai | Sr. Manager, People Business Partner And People Programs | Leadership |
Jenelle Ondrako Dwyer | Sr. Manager, People Partner | Leadership |
Mor Yeger | Compensation & People Analytics Partner | Leadership |
Kelsey Greeley | People Business Partner | Leadership |
Henry Tam | Head Of Business Development | Leadership |
Joon-Soo Kim | Vice President, Marketing And General Manager, Direct | Leadership |
170 more people are available in the full profile.
Complete people profiles for Next Insurance
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Digital insurance platforms are offered for small businesses. | apintego.com | Waltham, United States | 2003 | Mar 2021 | •••• | |
API-based quoting software is provided for insurance classification. | juniperlabs.io | Denver, United States | 2018 | Dec 2020 | •••• |
Complete acquisition details for Next Insurance
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Next Insurance
7 dated milestones of Next Insurance across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Next Insurance is founded.
- Funding First funding round of $13.0M.
- Milestone Reaches Unicorn status.
- Acquisition Acquires Juniper Labs.
- Acquisition Acquires AP Intego Insurance Group.
- Funding Latest funding round, Series E, of $265.0M.
- Exit Acquired by ERGO.
Competitors of Next Insurance
Next Insurance has 3 listed competitors in our database, 3 of them funded. They include Marble, Gabi and Covered.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| marblepay.com | 2020 | New York, United States | $6.73M | Insurance quotes are compared via a reward-based platform for individuals. | ||
| gabi.com | 2016 | San Francisco, United States | $39.1M | 72 | Online comparison of property and casualty insurance quotes is facilitated. | |
| itscovered.com | 2016 | Denver, United States | $7.77M | 100 | Insurance comparison platform for home |
Detailed competitors of Next Insurance
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Next Insurance
The website of Next Insurance (nextinsurance.com) receives about 651.9K visits a month and ranks #61,961 among all websites worldwide, #3,898 in Insurance.
- Monthly visits651.9K
▲ 40.2% vs previous month
- Unique visitors230.8K
per month
- Global rank#61,961
among all websites
- Category rank#3,898
Finance · Insurance
- Bounce rate29%
- Pages per visit9.5
- Average visit3 min 47 sec
- DevicesDesktop 71% · Mobile 29%
Websites whose visitors overlap most with Next Insurance. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
progressivecommercial.com | progressivecommercial.com | 100% | #47,768 | – | |
| thehartford.com | 99% | 3.9M | #12,714 | View details | |
hiscox.com | hiscox.com | 97% | #133,078 | – | |
| insureon.com | 94% | 109.6K | #314,538 | View details | |
| biberk.com | 88% | 472.5K | #69,160 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Next Insurance
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Insurance Providers
3 companies that operate in the same segment as Next Insurance (Insurance Providers) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 644 M | USD 615.2 M | 1,471 | |
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 | |
Homeowners insurance coverage is delivered via an online platform. | 2015 | Palo Alto, California, United States | USD 709.36 M | USD 468.6 M | 640 |
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Related news about Next Insurance
Complete news archive for Next Insurance
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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 CEO of Next Insurance, as recorded in our data.
Next Insurance is a funded company, having raised a total of $1.12B across 10 funding rounds to date. The company's 1st funding round was a Seed of $13M, raised on Mar 2016.
Next Insurance has 549 employees.
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 25 investors. Key investors include American Express, Allstate, ERGO, Nationwide, and Markel Corporation.
The valuation of Next Insurance is $2.6B as of Mar 2025.
Next Insurance operates through Next Insurance, Inc..