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NEXT INSURANCE
Next Insurance
Insurance/InsurTech · Palo Alto, California · United States · Founded · 2015 · ≈ · 400 · employees

Next Insurance Valuation: $600M After the Sep 2020 Series C

Acquired

Next Insurance was last valued at $600M (post-money). It comes from the Series C of Sep 2020. Next Insurance was acquired by Munich Re.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Next Insurance valuation · at a glance
Last valuation
$600M
POST-MONEY · SEP 2020
Lead investors
6
across 5 rounds
Raised across rounds
$3.4B
5 rounds
Date of last round
Jan 2025
closed 1 Jan 2025
Valuation history

How the Next Insurance valuation has moved

1 valuation. The latest, $600M post-money, was set by the Series C in Sep 2020.

Latest valuation
$600Mpost-money
Set by the Series C · 1 Sep 2020
Valuations
1
Priced rounds with a valuation
Event type
Primary round
The Series C
Undated: Series F at —; Series C at —; Series E at $4B (post-money).
Funding rounds

Next Insurance rounds and the valuation each one set

5 rounds
Round
Date
Amount
Valuation
Basis
Acquisition LATEST
1 Jan 2025
$2.6B
—
—
Series C
1 Sep 2020
—
$600M
POST-MONEY
Series F
—
$265M
—
—
Series C
—
$250M
—
—
Series E
—
$250M
$4B
POST-MONEY
Lead investors
Leads: Allianz X, Allstate, Battery Ventures, FinTLV Ventures, Munich Re, Sapphire Ventures.
Full funding history — Next Insurance profile ›
What the valuation means

What the $600M actually measures

A private valuation is the price agreed in one transaction. The Next Insurance valuation of $600M is a post-money figure from the Series C dated 1 Sep 2020 .

The valuation holds until the next priced round or secondary sale. A private company founded in 2015 with roughly 400 people has no daily price and no order book between rounds.

Where the $600M comes from
EventSeries C, dated 1 Sep 2020
Basispost-money
LeadSapphire Ventures

Frequently asked questions

Who are Next Insurance's competitors?›

The closest insurance/insurtech peers are on the competitors page.

How can I get exposure to Next Insurance?›

The routes section explains what is realistically available for a company at this stage.

Is Next Insurance publicly traded?›

No. Next Insurance was acquired by Munich Re; its shares do not trade independently.

What is Next Insurance's valuation?›

The last valuation is $600M.

Who has invested in Next Insurance?›

Lead investors for each round are in the funding timeline.

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