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Next Insurance raised $83m Series B led by Redpoint

Palo Alto based digital insurance startup that helps small businesses get coverage has raised a $83m Series B led by Redpoint.

“The complexity of the small business insurance market is very significant and this leads to a situation where even the largest insurance providers own less than 10 percent of the small business market,” founder and CEO Guy Goldstein told TechCrunch when the company raised its Series A.