Next Insurance is an online-based insurance company for entrepreneurs and small businesses. In August, Major brand designer Ralph Lauren Corp. has led a $13 million round of funding in  Illinois-based Natural Fiber Welding (NFW).Using AI technology, the company turns the internet into a recruiting tool.The online fundraising platform, which its largest funding to date, is known for its celebrity campaigns benefiting charities around the world.Two Greycroft executives discuss why they've continued to invest throughout the global pandemic, and what has changed in today's startup environment.Crunchbase is the leading destination for millions of users to discover industry trends, investments, and news about global companies–from startups to the Fortune 1000. Next Insurance Raises $250M at $1B Valuation To Help SMBs Get Coverage. Next Insurance, a provider of digital insurance for small-and-medium sized businesses (SMBs), has raised $250 million in a round that takes its valuation “to slightly above $1 billion,” according to investor Munich Re. The company's services feature claims investigation as soon as possible, with many being decision within 48 hours that helps its clients to get transparency.

PitchBook is a financial technology company that provides data on the capital markets. Operator of an online business insurance platform designed to transform the insurance experience for small businesses. It also currently has 200 employees, up from 100 at the end of last year. In a press release issued this morning, Munich Re – a German insurance giant – said it purchased additional shares in the Palo Alto-based startup, increasing its stake in the company to about 27.5 percent.“Together the companies will tap the business potential of digital insurance solutions for small and medium-sized enterprises in the USA,” said Next Insurance offers independent business owners a way to get what it describes as “simple, affordable, tailored” insurance. She also told me that: “Next Insurance ended 2018 with a $44M GWP (gross written premium) run rate and has continued its strong growth in 2019 reaching $77M GWP run rate in August 2019, almost doubling its growth in just 8 months.”Next Insurance will benefit from Munich Re’s expertise in primary insurance and reinsurance, he added. All rights reserved. It also gives the German company the ability to expand its footprint in the U.S. market.The companies have been partners since 2016. Tpiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Subscribe to the Crunchbase Daily. Personalize which data points you want to see and create visualizations instantly.PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach. Ut enim ad minim veolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore mag

© 2020 PitchBook Data. Information on valuation, funding, cap tables, investors, and executives for Next Insurance. Next Insurance, the leading digital insurance company for small businesses, announced today that it has raised $83 Million in a Series B Round. The company's platform offers general and professional liability insurance for sectors including contractors, fitness, cleaning, beauty, therapy, entertainment, and education, enabling small businesses to easily buy tailored insurance online at competitive rates.PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Next Insurance, a three-year-old U.S.-based firm that sells insurance products to small businesses, has become the latest unicorn in the nation after bagging $250 million in a … And, Munich Re has also had a stake in the company through its venture arm “for some time,” according to the company.Next Insurance is just one of a number of startups working to digitize the insurance industry.

Operator of an online business insurance platform designed to transform the insurance experience for small businesses. Use the PitchBook Platform to explore the full profile. Customers are in a wide range of industries such as consulting, fitness, cleaning, beauty, therapy and entertainment, among others.

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