Next gains blue chip backer in American Express

Next Insurance has added a blue chip backer to its roster of
early investors as American Express chipped in to the Silicon
Valley startup's latest financing.
The InsurTech venture, though barely a year old has reportedly
raised nearly $50mn from backers led by Munich Re's HSB
Ventures, including $13mn in seed capital amassed in early
2016.
AmEx confirmed it joined the latest round, which last month was
reported to have raised $29mn.
But Reuters reported today that after AmEx joined...