Next raises $250 million in Series D

Next Insurance announced that it has raised $250 million in a Series D financing round led by CapitalG, Alphabet’s independent growth fund, with participation from FinTLV, and existing investor Munich Re. CapitalG Partner Sumiran Das will join the Next Insurance Board of Directors.

Next Insurance has now raised $631 million to play in the same exact space as Hiscox . According to the company it has more than 100,000 customers and according to LinkedIn, over 330 employees.

“Next Insurance is modernizing insurance for small business owners — making it fast and simple to get broad, customized coverage. We believe that there is an opportunity to use technology to transform the small business insurance experience in the U.S. and build a national insurance leader. Next Insurance has the right team and capabilities to capitalize on this vision and is well on its way to doing so. We are proud to partner with Guy Goldstein and the Next team to help them accelerate their vision.” – Sumi Das, partner with CapitalG.

Next generates leads online and by working with agents and it is one of the few insurers to leave Facebook Reviews on.