Next Insurance, an online small business insurance broker that sells industry-specific policies, just raised $29 million in Series A funding, despite recent news that InsurTech startup financing constricted earlier this year.

Based in Palo Alto, Next Insurance aims to simplify and streamline the small business insurance underwriting process by offering policies designed for particular professions including contractors, photographers, personal trainers, yoga instructors, janitors and landscapers. This round of funding is reportedly earmarked for expanding the service to additional industries.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].