Insurtech Startup Next Insurance Raises $250M Series D

Palo Alto-based insurtech startup Next Insurance has raised $250 million in Series D funding at a $4 billion valuation. The round was led by FinTLV Ventures and Ribbit Capital. Next Insurance provides tailored insurance products for small businesses through a digital platform. The company serves over 300,000 customers and plans to expand its product offerings and geographic presence.