Next Insurance Stock

Next Insurance, a Palo Alto, CA-based technology-first small business insurer, raised $265M in funding. Backers included The Allstate Corporation (NYSE: ALL) and Allianz X. Next also entered partnerships with Allstate and Allianz X. The company will provide its products to Allstate customers, expanding its footprint to even more small businesses nationwide. NEXT and Allstate will co-develop innovative and commercial auto products to target market of 33 million small businesses. The deal with Allianz Re bolsters Next’s reinsurance relationship with a multi-year commitment.

Next Insurance, a Palo Alto, Calif.-based digital insurtech company transforming small business insurance, raised $250m in funding

Next Insurance recently announced that it has raised a $250 million round, valuing the SMB-focused insurance provider at $4 billion. The company last raised another $250 million in September 2020, at a valuation of $2 billion. This funding also comes after Next Insurance acquired Juniper Labs in De…