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Insurance Technology Startup Next Insurance Bags $250M Hitting $1B Valuation

Insurance startup Next Insurance recently raised $250 Million in financing in its series C round of funding. The total amount was invested by European Reinsurance giant Munich Re. The Reinsurance group had in this round been the only participant in a move that saw it acquire around 27.5% in the single-niche insurance company. This now puts the Next Insurance’s valuation around the $1 Billion mark.The startup, which is known for offering insurance to small and medium scale digital enterprises...

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