Insurtech Magazine September 2023 | Page 32

Next Insurance
Wefox

TOP 10 04

Next Insurance

US $ 4bn
Based in California , Next Insurance is a digital insurer specialising in coverage for small businesses and entrepreneurs . Valued at US $ 4bn , the insurtech has raised a total of US $ 881m since its founding , most recently securing US $ 250m in Series E funding with lead investment from Battery Ventures and FinTLV Ventures . Offering tailored insurance to its clients , the insurtech is known for its affordable and simple policies . Next Insurance lives by the mantra “ 100 % dedicated to the self-employed , 100 % how insurance should be ”.

“ The insurtech is known for its affordable and simple policies ”

03

Wefox

US $ 4.5bn
Founded in 2015 by Julian Teicke , Fabian Wesemann and Dario Fazlic , Wefox is a category-defining insurtech platform that connects insurance companies distributors and customers , to give the world simple access to digital insurance solutions . The goal is to keep people safe by making insurance better through technology .
Earlier this year it raised US $ 110m in its latest Series D funding , on the back of a strong performance in the first quarter of 2023 .
32 September 2023