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Newfront Insurance raises $28m in Series C funding at a $500m valuation

San Francisco based business and personal insurance brokerage raised $28m in Series C funding  led by Founders Fund and Meritech Capital.

“Newfront is a technology enabled brokerage house,” Spike Lipkin, cofounder and CEO, says. “We’ve replaced a lot of the pen and paper processes, processes that involve faxes and data entry with software, and it allows our brokers and customer support specialists to focus on clients instead of laborious work and form filling.”

Tags

insurtech, personal insurance, business insurance