Next Insurance, founded in 2016, is a developer of insurance technology designed to offer simple, digital and affordable coverage tailored to the self-employed. Striving to remove the traditional complexities of insurance, Next Insurance seeks to offer a simplified process, with the goal of making insurance coverage more accessible and affordable. Next Insurance is headquartered in Palo Alto, California, USA.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/01/2023 | Series G | $265MM | $xx.xx | $2.53B | Allianz X, Allstate | |
Price per Share
$xx.xx
Shares Outstanding
103,020,643
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Allianz X, Allstate
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03/31/2021 | Series F | $250MM | $xx.xx | $4.01B | Battery Ventures, Capitalg, Fintlv, Founders Circle, Group 11, G Squared, Zeev Ventures | |
Price per Share
$xx.xx
Shares Outstanding
10,100,193
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
5.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Battery Ventures, Capitalg, Fintlv, Founders Circle, Group 11, G Squared, Zeev Ventures
|
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09/23/2020 | Series E | $250MM | $xx.xx | $2.26B | Capitalg, Fintlv, Munich Re | |
Price per Share
$xx.xx
Shares Outstanding
16,553,989
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
5.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Capitalg, Fintlv, Munich Re
|
||||||
10/07/2019 | Series D | $250MM | $xx.xx | $1B | Munich Re | |
Price per Share
$xx.xx
Shares Outstanding
29,164,722
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
5.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Munich Re
|
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07/11/2018 | Series C-1 | $2.73MM | $xx.xx | $334.77MM | American Express Ventures, Munich Re, Nationwide, Redpoint Ventures, Ribbit Capital, Sgvc, Tlv Partners, Zeev Ventures | |
Price per Share
$xx.xx
Shares Outstanding
796,551
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
5.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
American Express Ventures, Munich Re, Nationwide, Redpoint Ventures, Ribbit Capital, Sgvc, Tlv Partners, Zeev Ventures
|
||||||
07/11/2018 | Series C | $78MM | $xx.xx | $334.77MM | American Express Ventures, Munich Re, Nationwide, Redpoint Ventures, Ribbit Capital, Sgvc, Tlv Partners, Zeev Ventures | |
Price per Share
$xx.xx
Shares Outstanding
22,778,816
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
5.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
American Express Ventures, Munich Re, Nationwide, Redpoint Ventures, Ribbit Capital, Sgvc, Tlv Partners, Zeev Ventures
|
||||||
12/27/2017 | Series B-2 | $5MM | $xx.xx | $181.42MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,758,025
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
5.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
06/12/2017 | Series B-1 | $5MM | $xx.xx | $150.68MM | American Express Ventures, Group 11, Markel, Munich Re, Nationwide Ventures, Ribbit Capital, Tlv Partners, Zeev Ventures | |
Price per Share
$xx.xx
Shares Outstanding
2,211,704
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
5.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
American Express Ventures, Group 11, Markel, Munich Re, Nationwide Ventures, Ribbit Capital, Tlv Partners, Zeev Ventures
|
||||||
06/12/2017 | Series B | $35MM | $xx.xx | $150.68MM | American Express Ventures, Group 11, Markel, Munich Re, Nationwide Ventures, Ribbit Capital, Tlv Partners, Zeev Ventures | |
Price per Share
$xx.xx
Shares Outstanding
15,481,926
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
5.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
American Express Ventures, Group 11, Markel, Munich Re, Nationwide Ventures, Ribbit Capital, Tlv Partners, Zeev Ventures
|
||||||
03/15/2016 | Series A | $13MM | $xx.xx | $32.5MM | Ribbit Capital, Tlv Partners, Zeev Ventures | |
Price per Share
$xx.xx
Shares Outstanding
15,632,512
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
5.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ribbit Capital, Tlv Partners, Zeev Ventures
|