About Newfront Insurance
Newfront is an insurance brokerage that provides tailored risk management solutions for businesses and individuals. By integrating advanced technology, Newfront streamlines the insurance process, making it more efficient and user-friendly, which enhances the overall client experience. The company stands out from traditional brokers by focusing on exceptional service and innovative solutions, catering to a diverse clientele across the U.S. and its territories. Newfront's goal is to transform the insurance industry by prioritizing client satisfaction and addressing common frustrations with traditional providers.
San Francisco, CaliforniaHeadquarters
2017Year Founded
$321.1MTotal Funding
LATE_VCCompany Stage
Fintech, Financial ServicesIndustries
501-1,000Employees
Risks
Increased competition from tech-driven platforms could erode Newfront's market share.
Rapid technological advancements may render Newfront's systems obsolete if not updated.
Economic downturns could reduce business spending on insurance, impacting Newfront's revenue.
Differentiation
Newfront integrates advanced technology with expert risk management for superior client experience.
The company offers tailored insurance solutions across all 50 U.S. states and territories.
Newfront's AI-powered Benefits Assistant enhances client interaction through Slack-enabled platforms.
Upsides
Growing demand for cyber insurance presents expansion opportunities for Newfront.
Digital insurance platforms align with Newfront's tech-driven approach, enhancing market presence.
Partnerships with insurtech startups offer innovation and service expansion opportunities.
Funding
Total raised$321.12 M
Latest valuation$2.20 B
StageLATE_VC
SERIES C
9/30/2020$100
$500.00 MSERIES B
11/30/2018$30
$150.00 MSEED
2/28/2018- Y CombinatorTop
N/A
$2.00 M