The Commercial Insurance industry is filled with successful companies that have raised millions of dollars in VC funding that came from some of the top investors in the world.
Many of these successes have turned into unicorns — private companies worth over $1 billion.
If you want to build the next unicorn in the Commercial Insurance space, these 3 companies should be your inspiration.
3 Commercial Insurance Unicorns Companies
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Next Insurance is a digital insurance provider for small businesses and startups.
Details of the startup:
- Valuation: $4.00B (October 2019)
- Country: United States
- State: California
- City: Palo Alto
- Started in: 2016
- Founders: Alon Huri, Guy Goldstein, Nissim Tapiro
- Number of employees: 250-500
- Funding: $881.00M
- Funding rounds: 6
- Number of investors: 17
You can find their website here.
2) PolicyBazaar
PolicyBazaar creates a transparent comparison platform for consumers who are looking for life insurance and general insurance products. Through the platform, users can search for life insurance providers and compare price and policy benefits.
Details of the startup:
- Valuation: $2.40B (May 2019)
- Country: India
- City: Gurgaon
- Started in: 2008
- Founders: Alok Bansal, Avaneesh Nirjar, Manoj Sharma, Tarun Mathur, Yashish Dahiya
- Number of employees: 10,000+
- Funding: $633.78M
- Funding rounds: 13
- Number of investors: 22
You can find their website here.
3) Zego
Zego is revolutionising the self-employed insurance industry with a suite of products that offer competitive rates and unparalleled service.
Details of the startup:
- Valuation: $1.10B (March 2021)
- Country: United Kingdom
- State: England
- City: London
- Started in: 2016
- Founders: Harry Franks, Sten Saar, Stuart Kelly
- Number of employees: 250-500
- Funding: $255.50M
- Funding rounds: 6
- Number of investors: 12
You can find their website here.