Next Insurance Stock: Acquisition and Valuation History
InsurTech
By UpMarket Research | Last updated: July 2026
CEO Guy GoldsteinFounded 2016HQ Palo Alto, US
NEXT Insurance is a digital insurer for small businesses and the self-employed, offering online quotes and coverage in all U.S. states. It uses AI-driven tools to simplify underwriting, pricing, and policy management.
UpMarket does not offer Next Insurance shares. This page covers Next Insurance's history before the acquisition.
Status
Acquired
By Munich Re, Jul 2025
Last Private Valuation
Not confirmed
Not confirmed by two independent reputable sources
How to Review Next Insurance's Funding History on UpMarket
Next Insurance was acquired by Munich Re in July 2025 and no longer has shares of its own. UpMarket does not offer Next Insurance shares. This page covers Next Insurance's valuation and funding history before the acquisition.
Step 01
Check the acquisition details
Next Insurance was acquired by Munich Re in July 2025.
Step 02
Review the valuation history
See how Next Insurance's private-market valuation changed across funding rounds before the acquisition.
Step 03
Review funding and revenue data
See reported funding rounds and revenue figures on this page, with their sources.
Step 04
Explore private companies
Accredited investors can review UpMarket's current pre-IPO offerings in companies that have not yet gone public.
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Next Insurance Revenue and Growth
Annual revenue
Why Investors Are Watching Next Insurance
Competitive Moat
Allstate and Allianz backed Next Insurance with $265M
Next Insurance raised a $265 million strategic round from Allstate and Allianz's investment arm, Allianz X. The backing from two major insurers signals strategic validation from incumbents in the insurance market.
Market Opportunity
Next Insurance targets small-business insurance with digital model
Next Insurance is described as a digital insurtech company transforming small business insurance and offering simple, digital and affordable coverage for self-employed and SMB customers. Its focus on a large underserved market points to a broad addressable opportunity.
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No. Next Insurance was acquired by Munich Re in July 2025 and no longer has shares of its own. UpMarket does not offer Next Insurance shares.
Next Insurance has no stock price of its own since its acquisition by Munich Re. The prices shown on this page are historical private-market prices from before the acquisition.
No. Next Insurance was acquired by Munich Re and UpMarket does not offer Next Insurance shares. Accredited investors interested in companies that have not yet gone public can review UpMarket's current pre-IPO offerings.
Next Insurance is no longer an independent company, so its shares are not available to buy. This page is kept for its historical funding and valuation data. UpMarket does not offer Next Insurance shares.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
Next Insurance was acquired by Munich Re in July 2025. What former shareholders received, cash or shares of the buyer, was set by the terms of the acquisition.
UpMarket does not offer Next Insurance shares. The minimum for most pre-IPO offerings on UpMarket is $50,000.
Next Insurance's last valuation was set by its acquisition by Munich Re. The figures on this page show its valuation history before the acquisition.
NEXT Insurance is a digital insurer for small businesses and the self-employed, offering online quotes and coverage in all U. It was acquired by Munich Re in Jul 2025. UpMarket does not offer its shares.