Insurtech Next Insurance Raises $83 Million to Expand; Nationwide, Munich Re Among Investors
Nationwide Insurance | July 11, 2018
Next Insurance has raised $83 million in new financing, money it said will fuel its continued U.S. expansion as a full-service digital insurance carrier focused on the small business market. Nationwide Insurance and Munich Re participated in the Series B round, along with American Express Ventures, Ribbit Capital, TLV Ventures and Zeev Ventures. Redpoint Ventures led the financing; Managing Director Elliot Geidt will join the Next Insurance board.