Next Insurance raises $250mn at $4bn valuation
Next Insurance has raised $250mn in equity capital in a FinTLV Ventures and Battery Ventures-led investment round that doubles the start-up’s valuation to $4bn.
The deal follows the InsurTech’s agreement tobuy Bill Berkley and VJ Dowling-backed digital agency AP Intego, which will double the business’s gross written premium to around $400mn and add new forms of distribution through business software tie-ups.
Uncover exclusive insights tailored for insurance leaders
- Stay Informed: Access exclusive industry insights
- Gain a competitive advantage: Hear first about tactical developments
- Make better decisions: Understand market dynamics in crucial lines of business