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Company

nextinsurance.com

Rocket Ship RatingBased on the data VC Catalog holds.

Rocket Ship Rating: 98 out of 100

We’re 100% dedicated to small business.

Also known as ERGO NEXT Insurance, Next Insurance, Next Insurance Inc.

  • Insurance
Status
Acquiredas of 2026-09-17Source (opens in a new tab)
Business model
B2B
Headquarters
Palo Alto, CA, United States
Founded
2016
Customers
Small business owners
Legal name
Next Insurance Inc.
Claim, correct or request removal

Record updated 28 September 2026

About

Our mission at ERGO NEXT Insurance is to help entrepreneurs thrive by making it easier for you to get easy access to the customized coverage you need at an affordable price.

Funding snapshot

Total raised
$999MSEC form D sum, as of 2026-09-28Source (opens in a new tab)
Latest round
Undisclosed, $265M2023-11-01

Funding rounds

Round, 2023
$265M2023-11-01, Company stated
Round, 2023
$225M2023-10-02, SEC form D sold, 2 investors
Round, 2021
$180M2021-03-26, SEC form D sold, 9 investors
Round, 2020
$247M2020-09-22, SEC form D sold, 3 investors
Round, 2020
$250M2020-03-12, SEC form D sold, 1 investor
Round, 2018
$61.6M2018-06-22, SEC form D sold, 20 investors
Round, 2017
$35M2017-03-24, SEC form D sold, 23 investors

About the company

Status notes
In 2025 we started a new chapter when ERGO Group, one of Europe’s leading insurers and a subsidiary of Munich Re, acquired NEXT.

Products

Web
General Liability

Exit

Acquisition
$2.6B, 2025-07-02$2.6 billion
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