Newfront
Modern business insurance company
- 501-1000 employees
- B2B
- Artificial Intelligence
- Insurance
- Big data
- Financial District, San Francisco, CA
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Company mission
To help thousands of clients mitigate risk and move the world forward.
1% employee growth in 12 months
Our take
Newfront is an insurance broker offering tech-driven risk management and insurance cover for businesses. It claims to provide fairer premiums using rich datasets to assess risk rather than the more traditional method of risk categories. The insurance industry has been slow to embrace digital innovation, but Newfront is a new insurtech firms aiming to transform the industry.
Spike Lipkin, CEO, was part of the original team at Opendoor and helped guide the start-up to a $3B valuation. At Opendoor, Lipkin experienced first-hand the difficulty of securing business insurance and recognized that the industry would greatly benefit from the use of AI. Newfront's ethos is customer-focused, and it aims to provide a fairer, more accessible experience for businesses.
Newfront merged with ABD Insurance, a B2B insurance provider focusing on employee benefits and financial services programs. Together, they are working to write $2B in premiums annually and occupy a more significant slice of the business insurance market. Funding is being invested into both US expansion and building the modern platform for clients, insurance professionals, and trading partners.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Health: Newfront offers an attractive mix of medical, dental, and vision plans for you and your family.
- Wellbeing: Resources like our employee assistance program and company work-life balance program support your peace of mind.
- Work Flexibility: Flexible PTO offerings and remote/hybrid schedules allow you to flex where and how your time is spent.
- Future Planning: Prepare for tomorrow with company equity, 401K match, and family forming benefits.
Funding (last 2 of 4 rounds)
Apr 2022
$200m
LATE VC
Oct 2020
$100m
SERIES C
Total funding: $330.2m
This company has top investors
Leadership
Spike Lipkin
(Co-Founder & CEO)Prior to co-founding Newfront in 2017, Spike was the Head of Finance at Opendoor, and Investor at The Blackstone Group.
Gordon Wintrob
(Co-Founder)Gordon previously co-founded StackLead where he served as the CEO. He also worked as an Engineering Manager at LinkedIn and as a Software Engineer at CardSpring.
Jobs (3)
Operations & Strategy
Sales & Account Management