Next Insurance

Next Insurance raised $1.12 billion across nine funding rounds, including major late-stage tranches such as $250M Series D (Mar 12, 2020), $180M Series D (Mar 26, 2021) and a $265M Series E (Oct 02, 2023) with strategic participation from Allstate and Allianz X. Founded in 2016, Next Insurance built an online-first platform offering tailored small-business policies, rapid quoting and claims management. Funding supported product breadth (liability, workers’ comp, professional lines), claims automation, distribution partnerships, and eventual acquisition activity reported subsequently strengthening its position in SME insurance distribution.