JERUSALEM May 3 U.S.-Israeli digital insurance
company Next Insurance said on Wednesday it raised $29 million
in an early funding found led by Munich Re/HSB Ventures.
U.S. insurance companies Markel and Nationwide, as
well as existing investors, also participated.
Next, which offers its services to small and medium-sized
businesses through partnerships with various insurance
companies, said the financing will go towards building its own
insurance products and expanding its offerings to new business
Founded in 2016, Next -- which previously received $13
million in seed funding -- is based in Silicon Valley, with its
research and development in Israel.
(Reporting by Steven Scheer)