Newfront
Newfront is an insurance brokerage offering business insurance and employee benefits, utilizing an AI-powered tool for coverage gap analysis.
Secondary Market Price
How Newfront Measures Up
To help you manage your Newfront equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series D
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future Newfront Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for Newfront's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
Powerful tools to earn more from your equity
Company Description
Newfront is an insurance brokerage firm that integrates technology with its services. The company provides business insurance, employee benefits solutions, retirement services, and risk management support to individuals and businesses across industries such as agriculture, aviation, fintech, and entertainment. As of June 2023, the company reported having 120 brokers and 10,000 clients. Founded in 2017 by Spike Lipkin, the San Francisco-based company was previously known as Newport Insurance and ABD Insurance and Financial Services. Newfront has completed six funding rounds, including a Series D round of $200 million in May 2022, with investors including Goldman Sachs Asset Management and B Capital.
The company's recent activities indicate a focus on technology development and industry engagement. Newfront launched a Coverage Gap Analysis Tool that uses AI to review insurance policies. It has also entered into partnerships for industry research, such as a Benefits Trends Survey with Pave, and sponsored events like the APMA HRPA Forum. The firm provides ongoing compliance guidance through webinars and office hours led by its legal counsel. A recent case study highlighted Newfront's work providing employee benefits and compliance support for the San Francisco 49ers.
- Goldman Sachs Asset Management
- B Capital
- Founders Fund
- Meritech Capital
- Y Combinator
- Index Ventures
- Bloomberg Beta
- XYZ
- Susa Ventures
- Pruven Capital
- Propel
- Altai
- Tony Xu
- Vetamer
- Co-Founder, Spike Lipkin
- Co-Founder, Gordon Wintrob
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Newfront worth joining?
Deciding whether to join any startup depends on your personal career goals and belief in the company's potential value. A platform like Prospect can help you analyze your equity offer to make a more data-driven decision about the potential financial outcome.
What should I do with my Newfront stock?
The optimal strategy for your private stock depends on your financial goals, tax situation, and the company's current valuation. Tools like Prospect can build a personalized plan for exercising options and managing shares to help maximize their value.
Can you sell Newfront stock?
Selling stock in a private company is typically restricted to specific events like tender offers or secondary market sales, which require company approval. Prospect offers tender offer tools and secondary market data to help you navigate liquidity opportunities when they become available.
How can I find the value of my Newfront stock?
The official value of private stock is its 409A valuation, but its potential future worth is more speculative. You can use proprietary predictive models from a service like Prospect, which uses VC-grade data to help forecast your equity's potential value.
What is Newfront's equity worth?
As a private company, Newfront's equity value is not publicly listed and is based on its latest private valuation and growth prospects. You can use a platform like Prospect to model different scenarios and project a range of potential financial outcomes for your holdings.
What is Newfront's stock ticker symbol?
Because Newfront is a private company, it does not have a stock ticker symbol. Ticker symbols are only assigned to companies once they begin trading on a public stock exchange.
Can I buy or sell Newfront stock?
Employees can "buy" stock by exercising their options, while selling is generally limited to company-approved events like tender offers. Prospect provides customized option exercise strategies and tools for selling shares to help optimize your financial outcome.
What is the criteria to buy or invest in Newfront stock?
Investing in a private company like Newfront is usually limited to employees receiving equity compensation or accredited investors participating in official funding rounds. If you are an employee, platforms like Prospect are specifically designed to help you manage the equity you have been granted.
