Next Insurance raises $250mn at $4bn valuation
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Next Insurance raises $250mn at $4bn valuation

Bernard Goyder
March 31, 2021
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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 to buy 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.

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Bernard Goyder
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