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Next Insurance, a startup that competes in the small business (SMB) insurance market, announced this morning that it has acquired its first company.
Purchasing Juniper Labs will help the unicorn boost its in-house data science team, and the smaller firm’s predictive analytics technology may be applied across the acquiring company’s portfolio of insurance products.
Next Insurance raised $250 million earlier this year at a valuation of $2 billion, making it one of the richest startups to compete in the broad insurtech niche.
After speaking with Next about its acquisition and digging into its economics and recent growth, The Exchange also examined Getsafe’s recent round (European digital insurance startup), took a look at NOW Insurance’s latest investment (commercial insurance startup) and asked Noyo’s Shannon Goggin to fill us in about the insurtech VC startup market itself, given that her health insurance API company just raised its Series A.
