Newfront, a modern insurance brokerage platform, has secured a $200 million investment at a $2.2 billion valuation led by the Growth Equity business within Goldman Sachs Asset Management and B Capital with participation from existing investors including Founders Fund and Meritech Capital.
Newfront plans to grow its technology teams and focus in particular on harnessing data-driven insights for clients. The company also plans to invest in specialised client resources and experts across a wide variety of industries and expand across the US.
Additional investors in the round include Y Combinator, Index Ventures, Bloomberg Beta, XYZ, Susa Ventures, Pruven, Propel, Vetamer, Altai, Tony Xu CEO of Doordash, and others.
