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Palo Alto based online insurance company for SMBs, Next Insurance, secured $13m in series seed funding led by Ribbit Capital, Zeev Ventures and TLV Partners. This is yet another early stage startup closing a substantially large seed round. The founders all worked together at fintech company Check, which was sold to Intuit.
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“We are changing the market with a solution that makes it simple, fast, and transparent for small businesses to find and obtain insurance online vs. having to physically visit agents each time they need to make a change,” said Guy Goldstein, CEO, Next Insurance. “Starting a new small business is exciting, and setting up insurance shouldn’t be slow, cumbersome, or get in the way of what’s important.”
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