Next Insurance, an insurtech seeking to transform small business insurance, announced on Wednesday it secured $250 million through its Series D funding round, which was led by CapitalG, Alphabet’s independent growth fund, with participation from FinTLV, a global insurtech VC, and existing investor Munich RE Group.
Founded in 2016, Next Insurance is on a mission to transform small business insurance with “simple, affordable” coverage that is tailored to the needs of each class of business.
“Next Insurance offers policies that are easy to buy with instant, 24/7, online access to services such as Live Certificates of Insurance, Additional Insured, and more with absolutely no extra fees. Revolutionizing traditional insurance processes, Next Insurance is utilizing advanced technology to offer the industry’s most innovative small business insurance policies.”
Next Insurance also revealed it has now raised $631 million to bring what it described as simple, affordable, and tailored insurance products