Newfront, a San Francisco, CA-based technology-driven modern insurance brokerage, raised over $100m of funding, most recently valuing the company at $500m.
Lead investors are Founders Fund and Meritech Capital.
The company will use these funds to invest in its platform, resources for clients, and growth strategy.
Co-founded by Spike Lipkin and Gordon Wintrob, Newfront leverages a combination of software and experts to provide clients with a data-driven approach to risk management.
The company’s has grown into one of the nation’s top 100 brokerages since its founding three years ago. Its book more than tripled in 2019 and will more than double in 2020.