Newfront announces $200 million investment from goldman sachs asset management, b capital, and other investors at a $2.2 billion valuation to modernize insurance

Investment is further validation of the platform and will accelerate development of pioneering technology, investment in resources, and geographic expansion san francisco , april 12, 2022 /prnewswire/ -- newfront, the modern insurance brokerage platform, today announced a $200 million investment at a $2.2bn 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.  "the nature of risk has changed drastically over the past century but the insurance industry has not modernized to meet these new challenges," said newfront co-founder and ceo spike lipkin.
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