Next Insurance reaches unicorn status

October 16, 2019 | Investment
Written by FinTech Alliance
Next Insurance reaches unicorn status

US-based Next Insurance is now valued at $1bn following its Series C funding round.

In Brief:

  • The business is three years old and focuses on the SME market.

  • The round was entirely financed by Munich Re, one of the oldest reinsurers in the world.

  • The Series C funding raised $250mn.

What does this mean?

The new capital will be used to build new products and expand customer initiatives. It currently only operates in the US – where it has 70,000 customers – and has no immediate plans for geographic expansion.

More in Investment

Pollinate closes latest funding round with £60mn raised to date
Investment
October 31, 2019

Pollinate closes latest funding round with £60mn raised to date

Merchant Services platform Pollinate has raised a total of £60mn funding to date. In Brief:...

Softbank to invest £510mn in Greensill
Investment
October 28, 2019

Softbank to invest £510mn in Greensill

Softbank is injecting more cash into British FinTech unicorn Greensill. In Brief: The Ja...

Proposed Deliveroo and Amazon deal comes under scrutiny
Investment
October 18, 2019

Proposed Deliveroo and Amazon deal comes under scrutiny

The UK Competition and Markets Authority is investigating the proposed investment deal between two g...

Investment
October 14, 2019

Trends in foreign direct investment in the UK’s towns - EY Attractiveness Survey UK

Our regional UK Attractiveness Survey report, in association with the Centre For Towns, reveals the...

Investment
September 17, 2019

BSG: Impact at a local level of full-fibre and 5G investments

The Broadband Stakeholder Group publishes research by Oxera to help local authorities understand the...

Investment
September 06, 2019

Why it’s time to invest in female founders

Vivi Friedgut, CEO and founder Blackbullion , Shares her thoughts on how attitudes towards female-le...

#FinimizeCommunity Presents: Investing In Your 20's

#FinimizeCommunity Presents: Investing In Your 20's

When: Nov 25th, 2019
Where: Virgin Money Lounge, London
Price: FREE