#InsurTech / Next Insurance closes on $250 million, bolstering insurtech momentum CapitalG, Alphabet’s investm ent arm, led the Series D round

Insurtech startup Next Insurance has raised another $250 million in funding, pushing its valuation over the $2 billion mark.

“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 operates a fully online platform that provides “simple, affordable and tailored insurance products” to small businesses and self-employed professionals. The startup’s offerings include general liability, professional liability, commercial auto and workers’ compensation policies. Next Insurance says it has served more than 100,000 customers.