First Business Article

Next Insurance has about 300,000 customers in all 50 U.S. states and Washington, D.C., more than double the number it had at the end of 2020, the company said. It last year acquired digital insurance company AP Intego for an undisclosed amount.

Ms. Gouneva succeeded Michelle Cheung, who was Next Insurance’s CFO for nearly four years. Ms. Cheung now serves as the company’s chief corporate officer, where she leads its legal, human resources and operations divisions.

In Ms. Gouneva, Next Insurance hired an executive who has worked in the finance function at companies that have made the transition from fast-growing startups into established public companies, said Michael Brown, a general partner at venture-capital firm Battery Ventures. The firm was one of several investors, including Founders Circle Capital and FinTLV Ventures, that participated in Next Insurance’s March 2021 funding round.

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