NEXT Insurance awarded by Goldman Sachs for its entrepreneurship

PALO ALTO, California, October 13, 2021 / PRNewswire / – Goldman Sachs (NYSE: GS) acknowledges NEXT Insurance CEO and co-founder Guy Goldstein as one of the 100 Most Intriguing Entrepreneurs of 2021 at its Builders + Innovators Summit in Healdsburg, California.

Goldman Sachs selected Goldstein as one of 100 entrepreneurs from across multiple industries to be honored at the two-day event. Goldstein, a seasoned entrepreneur, brings more than two decades of management, strategy and product development experience to his role. With over $ 880 million in financing and more 300k clients, Goldstein has led NEXT to become the leading digital insurance company transforming small business insurance. Prior to NEXT, Goldstein founded the mobile payment company Check, (acquired by Intuit for $ 360 million), where he grew the company from zero to ten million members.

“Small businesses have long been underserved and NEXT set out to rebuild the insurance industry from the ground up with a digital offering tailored to their specific needs to help them get started,” said Guy Goldstein, CEO of NEXT. “It is an honor to be recognized by Goldman Sachs alongside so many notable entrepreneurs and innovators, and I am excited about the future of the insurance industry with NEXT leading the way.”

“Innovation doesn’t just happen anywhere; it thrives where there is a wide range of thoughts and perspectives, ”said David M. Solomon, Chairman and CEO of Goldman Sachs. “One of our great strengths is our ability to bring together people from different backgrounds and spark conversations today that will lead to breakthroughs tomorrow. The leaders we chose to spotlight at our Builders + Innovators summit are truly remarkable, and we’re happy to recognize Guy as one of this year’s most intriguing entrepreneurs. “

In addition to honoring 100 entrepreneurs, the summit includes general sessions and clinics led by seasoned entrepreneurs, academics and business leaders as well as resident academics.

NEXT was founded in 2016 with a mission to help small businesses thrive by providing digital, affordable and personalized insurance policies that meet their exact needs. Today, through its one-stop-shop platform, the company serves more than 1,100 categories of businesses, including accountants, general contractors, fitness professionals, retailers and restaurateurs and many more. . In a momentous year for the company, NEXT raised $ 250 million in new financing bringing its valuation to $ 4 billion. It was also the first and only small business insurance company to achieve an AM Best rating of “A-” Excellent based on financial strength and long-term issuer credit, a notable recognition in the industry. insurance sector.

About NEXT Insurance
NEXT Insurance transforms small business insurance with simple, digital and affordable coverage tailored for the self-employed. Approved by 300k business owners, NEXT offers policies that are easy to purchase in 10 minutes or less and offers 24/7 access to Insurance certificates online, additional insured, and more at no additional cost. Revolutionizing a historically complicated insurance industry, NEXT uses AI and machine learning to simplify the purchasing process and reduce costs by up to 30% compared to traditional policies. Founded in 2016, the company is based in Palo Alto, received a total of $ 881 million in venture capital, is rated “A- Excellent” by AM Best and was recognized by Forbes Fintech 50, JMP Securities InsurTech 50 and Best Forbes Startup Employers. For more information visit NextInsurance.com. Stay up to date with the latest news with NEXT on Twitter, LinkedIn, Facebook and our Blog.

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