Business Insurance
View all articles

Inside P&C: Newfront to Invest in Tech, Geographic Growth After $200mn Raise: CEO Lipkin

InsurTech brokerage Newfront is planning to invest in technology and expand geographically, CEO Spike Lipkin told Inside P&C after the announcement of a $200mn raise that valued the company at $2.2bn.

“We have built a product that we're very proud of, but we also have an incredible amount left to build,” Lipkin said. Newfront’s raise comes at a time when private InsurTech valuations are beginning to “normalize”, as a combination of pulled IPOs and punishing market conditions for public InsurTechs create downward pressure.

Read the full article here.

The information provided is of a general nature and an educational resource. It is not intended to provide advice or address the situation of any particular individual or entity. Any recipient shall be responsible for the use to which it puts this document. Newfront shall have no liability for the information provided. While care has been taken to produce this document, Newfront does not warrant, represent or guarantee the completeness, accuracy, adequacy, or fitness with respect to the information contained in this document. The information provided does not reflect new circumstances, or additional regulatory and legal changes. The issues addressed may have legal, financial, and health implications, and we recommend you speak to your legal, financial, and health advisors before acting on any of the information provided.

Share this article

Keep up to date with Newfront News and Events—

Recommended reading

The Medicare Form CMS-L564 for Employers

March 21st 2023

View all articles