Palo Alto based online insurance company for SMBs, Next Insurance, secured $13m in seed. 

“We are changing the market with a solution that makes it simple, fast, and transparent for small businesses to find and obtain insurance online vs. having to physically visit agents each time they need to make a change,” said Guy Goldstein, CEO, Next Insurance. “Starting a new small business is exciting, and setting up insurance shouldn’t be slow, cumbersome, or get in the way of what’s important.”

This is yet another early stage startup closing a substantially large seed round. Insurance expect to see many more coming up!