Next Insurance
Founded in 2016, Next Insurance is a digital provider of liability, auto, and workers' compensation insurance for small businesses.
Secondary Market Price
How Next Insurance Measures Up
To help you manage your Next Insurance 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 F
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 Next Insurance 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 Next Insurance's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
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Company Description
Next Insurance is a digital insurance company founded in 2016 that provides coverage for small businesses and self-employed individuals across all 50 U.S. states. Headquartered in Palo Alto, California, the company offers products such as general liability, professional liability, commercial auto, and workers' compensation insurance. It was established as a technology-focused entity to provide digital-first insurance solutions. As of its latest updates, the company has raised $875 million in total funding, reached a market valuation of $4 billion in April 2021, and currently protects over 750,000 businesses.
Recent company developments indicate a focus on product enhancement and client education. Next Insurance launched NEXT Pro+, an expanded offering for over 30 professional service fields, including consultants, accountants, and technology providers, which features higher coverage limits and new options like cyber insurance. The company also publishes guidance on emerging risks for small businesses, such as AI misuse, cyber incidents, and extreme weather. Additionally, it has developed a Pay-As-You-Go Workers’ Comp product that integrates with QuickBooks Online and participates in industry events like Intuit Connect.
- Allianz X
- Allstate Strategic Ventures
- American Express Ventures
- Battery Ventures
- CapitalG
- FinTLV
- Founders Circle Capital
- G Squared
- Group 11
- Markel
- Mitsui Sumitomo Insurance
- MS&AD Ventures
- Munich Re
- Munich Re Ventures
- Nationwide Ventures
- Redpoint Ventures
- Ribbit Capital
- TLV Partners
- Zeev Ventures
- Co-Founder, Guy Goldstein
- Co-Founder, Nissim Tapiro
- Co-Founder, Alon Huri
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 Next Insurance worth joining?
Evaluating an offer from a high-growth startup like Next Insurance requires assessing both the career opportunity and the potential value of its equity compensation. A platform like Prospect can help you understand and model the financial upside of your equity package to make an informed decision.
What should I do with my Next Insurance stock?
Managing private stock involves complex financial and tax decisions that depend on your personal financial situation. Tools like Prospect can help you create personalized strategies for exercising options, selling shares, and minimizing taxes to maximize your net worth.
Can you sell Next Insurance stock?
Yes, shareholders can often sell stock in a private company like Next Insurance through secondary markets or during company-approved tender offers. Prospect offers Tender Offer Tools to help you decide how much to sell and identify which shares are most tax-optimal to part with.
How can I find the value of my Next Insurance stock?
Since Next Insurance is a private company, its stock value isn't publicly listed, but you can use specialized tools to estimate it. Platforms like Prospect use predictive models and proprietary data to help you forecast the potential future value of your private equity.
What is Next Insurance's equity worth?
The exact value of private equity like Next Insurance's fluctuates and is not publicly available, often determined during funding rounds or secondary transactions. You can use financial modeling platforms such as Prospect to project your equity's potential value based on various scenarios and market data.
What is Next Insurance's stock ticker symbol?
Next Insurance is a private company, so it does not have a stock ticker symbol because it is not traded on a public stock exchange. Ticker symbols are assigned to companies only when they undergo an Initial Public Offering (IPO).
Can I buy or sell Next Insurance stock?
Selling private stock is often possible through secondary markets or tender offers, and platforms like Prospect can help existing shareholders optimize a sale. Buying stock in a private company like Next Insurance is typically restricted to accredited investors or employees and is not as straightforward as buying public stock.
What is the criteria to buy or invest in Next Insurance stock?
Investing in a private company like Next Insurance is typically limited to accredited investors who meet specific income or net worth thresholds, or employees who receive equity as part of their compensation. These investment opportunities are not generally available to the public on open markets.
