The following insurance is washed away by Munich Re for $ 2.6 billion

Munich Rick, Germany, has signed a final agreement to obtain a digital insurance company Next insurance For $ 2.6 billion, companies Declare Thursday.

Founded in 2016, the following insurance in Palo Alto focuses on providing insurance for small to medium companies. Its value reached the last $ 2.5 billion in late 2023 when it was raised 265 million dollars.

Supporters include Next Insurance Group 11, Allstate, Allianz X, Battery Ventures, Capital G, Redpoint Ventures, Nationwide, Amex Ventures, Ribbit Capital and others. The company raised nearly $ 1.2 billion in its life, According to Crunchbase.

Like many Fintechs, the Next Insurance rating has achieved great success in recent years. The startup was evaluated in 4 billion dollars In 2021, however, the following says that he created a “large line of $ 548 million” in 2024, has more than 600,000 customers, and they work about 700 people.

With the acquisition, the next insurance will become part of the Ergo unit in Munich. The deal is expected to be closed in the third quarter of 2025, taking into account organizational approvals and customary conditions.

Investors confirmed 11 the acquisition of Techcrunch, noting that it was an investor in The Insurtech since 2017, where she invested in follow -up rounds in 2018, 2019 and 2020.

Munich R has purchased 71 % of the following insurance shares that you do not already own, according to Balls.