Munich Re leads $29mn funding round at Next Insurance

California-based managing general agency (MGA) start-up Next
Insurance has raised $29mn from investors led by Munich Re's
InsurTech investment arm, HSB Ventures.
Next Insurance sells cover directly to small businesses.Markel and Nationwide were among the other investors which
participated in the funding round, Next Insurance said. Venture
capital data provider Crunchbase named Munich Re as the lead
investor in the round.
Next Insurance, founded by Guy Goldstein, Nissim Tapiro, and
Alon Huri last