Shearman & Sterling advised insurtech startup Next Insurance in connection with its $250 million Series D financing led by CapitalG, Alphabet's independent growth fund, with participation from FinTLV, a global leading insurtech VC, and existing investor Munich RE Group. The Series D financing values the company at more than $2 billion.

 Palo Alto-based Next Insurance provides digital small-business insurance coverage across the U.S., including general liability, professional liability, commercial auto and workers’ compensation coverage.

The Team