Redpoint leads $83 mln funding of Next Insurance

Palo Alto, California-based Next Insurance, provider of online insurance services for small businesses, announced it has raised $83 million in Series B funding. Redpoint Ventures led the round, which included Nationwide Insurance, Munich Re, American Express Ventures, Ribbit Capital, SGVC, TLV Ventures and Zeev Ventures. The company has now raised $131 million since it was founded in 2016. As part of the round, Elliot Geidt, managing director of Redpoint, will join the board.

Source: Company release