Next Insurance

SMB Insurance Online

Fintech, Insurance, Insurance Carrier
Machine Learning

Business Overview

Here at Next Insurance, we believe in entrepreneurs, and in the small businesses they own and run. We know that each business is unique, and that running a business can be hard. It can also be amazing. We aim to support entrepreneurs like you by giving you the confidence of knowing you’ve got great coverage. With that knowledge, you are free to make big plans, take on new jobs and build your own opportunities. We offer small business owners insurance that’s totally different:Simple: You can buy a policy from us in just a few minutes, and it’s 100% online. There are no agents involved, and you can purchase 24/7, whenever is right for you. Once you’re a customer, you have access to our online portal. In the portal, you have access to free, unlimited Certificates of Insurance with Additional Insured added as needed. You can even file a claim, or update your payment method. Each of our policies is the result of hundreds of hours of work by our experts, to give you all the coverage you need, and nothing you don’t need.

Operating Status
Active
Founded
March 2016
Employees
319
Business model
B2B
Offering type
Software
Funding stage
Series E
Business stage
Launched
Revenue status
Revenue Generating
Total funding
$881 Million
Sectors
Fintech, Insurance, Insurance Carrier

Founders

Next Insurance
Nissim Tapiro
Next Insurance
Alon Huri
CTO
Next Insurance
Guy Goldstein
CEO

Board Members and Advisors

Next Insurance
Sumiran Das
Board Member
Next Insurance
Eitan Bek
Board Member
Next Insurance
Markus Riess
Board Member

Funding Rounds

Calculated as the average ratio between the current funding round amount raised and the previous funding round amount raised. Note that 'plus' rounds are summed together. i.e. Series A = Series A and Series A+.
Funding Growth Multiple
3.5x

New wpDataTable

Date Announced

Funding Round

Amount Raised

Investors

September 2020
Series D
$250 M
October 2019
Series C
$250 M

Exit Events and Acquisitions

Date Announced

Transaction

Consideration

Target

Acquirer

March 2021
Acquisition
AP Intego
Next Insurance
December 2020
Acquisition
Juniper Labs
Next Insurance

Revenues

Date

Revenue Type

Amount

2020
Annual
$200M

AI Technology Stack

AI employees
8
AI types
Machine Learning

In The News

Next Insurance raises $250m at $2b company valuation | News – Globes

September 25, 2020

Google leads mega-funding round in Israeli InsurTech Unicorn Next Insurance | Geektime

September 25, 2020

Similar Startups

STATUS
Active
FUNDING
$1.2 M
FUNDING STAGE
Pre-Seed
STATUS
Active
STATUS
Active
FUNDING
$0.2 M
FUNDING STAGE
Pre-Seed
STATUS
Active
FUNDING
$18.8 M
FUNDING STAGE
Series B
STATUS
Inactive
FUNDING
$1 M
FUNDING STAGE
Seed
STATUS
Active
STATUS
Active
FUNDING
$3.5 M
STATUS
Active
STATUS
Active
STATUS
Active
STATUS
Active
FUNDING
$0.2 M
STATUS
Active
STATUS
Active
FUNDING
$5 M
FUNDING STAGE
Series A
STATUS
Active
FUNDING
$3 M
FUNDING STAGE
Seed
STATUS
Acquired
FUNDING
$18 M
FUNDING STAGE
Private Equity

Sign up for free

  • Save profiles to your list
  • View all funding rounds
  • Advanced sorting filter access
  • Search investment rounds
  • Search exit events