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Next Insurance Raises $250 Million in Series D Financing to Lead Major Shift in Insurance for Small Business Owners

September 23, 2020 / Kerry Ogata
SHARESHARESHARE

Next Insurance, the leading digital insurtech company transforming small business insurance, today announced that it has raised $250 million in Series D financing led by CapitalG, Alphabet's independent growth fund, with participation from FinTLV, a global leading insurtech VC, and existing investor Munich RE Group. CapitalG Partner Sumiran Das will join the Next Insurance Board of Directors.
Next Insurance has now raised $631 million to bring simple, affordable, and tailored insurance products to the American economy's most important growth engine: small businesses and the self-employed. Next Insurance's technology-first approach drives down costs by up to 30 percent when compared to traditional policies.