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Small Business

We’ve raised new funding to bring small businesses more access to digital insurance

Guy Goldstein image
By Guy Goldstein
Mar 31, 2021 min read

When we founded Next Insurance in 2016, our mission was to build a simplified digital insurance experience that better serves small businesses, an often overlooked, yet vital part of our economy. 

Since then, we’ve worked hard to realize our vision of a one-stop shop to provide a simple, seamless purchase and servicing experience, something that has been missing from the market for decades. 

While we’re certainly proud of the progress we’ve made over the past few years, our work isn’t done. That’s why I’m excited to share news today that fresh on the heels of a record 2020 and our first two acquisitions, we’re announcing a new $250 million round of financing led by FinTLV Ventures and Battery Ventures. 

We believe we’re leading the charge in the transformation of digital insurance. This latest funding round, which also doubles our valuation, is proof the investor community is confident in our vision. 

We are dedicated to simplifying the business insurance experience so that small business owners can shop for and buy affordable insurance policies that fit their exact needs completely online. 

Now, with more than $880 million in venture capital, recent acquisitions, new partnerships, growing direct and agent channels and increased product offerings, we’ll provide small business owners with greater access to the insurance coverage they deserve. 

We know that our continued momentum hasn’t happened by chance — it’s because small businesses everywhere are discovering Next Insurance and loving what they find. 

Our focus on providing simplified coverage, combined with recent investments in product innovation and our technology platform underpinning the Next Insurance customer experience, has us poised for our next stage of growth. 

I am thankful for our awesome employees, investors and partners who have helped us get this far in our journey. 

But above all, I’m thankful for our small business customers. Your resilience and strength throughout these economic hurdles is what has kept me going. We’ll continue building our products and services with your needs in mind for years to come.

Thank you,

Guy

Guy Goldstein image
By Guy Goldstein
Guy Goldstein is the CEO and co-founder of Next Insurance
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