ERGO Next Insurance
Online-based insurance broker for SMBs
- 501-1000 employees
- Fintech
- B2B
- Insurance
- SaaS
- PO Box , 60787, Palo Alto, California 94306, US
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Company mission
To build a simplified digital insurance experience that better serves small businesses.
-7% employee growth in 12 months
Our take
ERGO Next Insurance, formerly Next Insurance, serves small businesses by making it much simpler to take out an insurance policy without the headache associated with many providers. To begin trading, any business needs to have some sort of insurance policy in place; traditional offerings can take weeks, often requiring tedious paperwork.
ERGO Next Insurance has opted to use AI, machine learning and transparent language to make the process much simpler, and it can take just five to ten minutes for customers to obtain a package that suits them.
While ERGO Next Insurance is facing established insurance companies such as Hiscox and State Farm, it's partnered with Amazon Business Prime to insure its members in a move to target traditionally underserved insurance customers. More recently, it partnered with LegalZoom, to simplify the insurance process. With nearly half a million customers, the company is well-set to remain a major player in the space.
Freddie
Company Specialist at Welcome to the Jungle
Funding (last 2 of 7 rounds)
Nov 2023
$265m
SERIES G
Mar 2021
$250m
SERIES E
Total funding: $1.1bn
This company has top investors
Leadership
Guy Goldstein
(Co-Founder & CEO)After 7 years in the Israeli Air Force, they worked at Mercury Interactive for almost 8 years, as well as roles at HP and Check, which they co-founded in 2007. Left this role at Intuit in July 2015 to co-found Next Insurance 6 months later.
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