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Newfront has raised $342.0M across 5 funding rounds.
Key people at Newfront.
Newfront was founded in 2017 by Spike Lipkin (Founder/CEO) and Gordon Wintrob (Founder/CTO).
Newfront has raised $342.0M in total across 5 funding rounds.
Newfront is building the modern insurance brokerage. Transparent data delivered real-time translates into a lower total cost of risk and greater insights. We work with 20% of US unicorns, 100s of YC startups, and 150+ public companies on their Business Insurance and Total Rewards.
Headquartered in San Francisco, Newfront has more than 800 colleagues and offices throughout the US.
Key people at Newfront.
Newfront has raised $342.0M across 5 funding rounds. Most recently, it raised $200.0M Series D in April 2022.
Newfront is a modern insurance brokerage firm that combines elite insurance expertise with advanced technology to transform the traditionally manual and opaque commercial insurance industry. It offers a comprehensive digital platform that provides clients 24/7 access to their insurance programs, including policies, claims, certificates of insurance (COIs), and billing, all accessible on any device. Newfront serves a broad range of industries across the United States, including agriculture, hospitality, life sciences, manufacturing, law firms, construction, and real estate. Its platform leverages AI-enabled tools and predictive analytics to improve carrier negotiations, claims advocacy, and overall client experience, enabling businesses from startups to mature enterprises to manage risk more efficiently and transparently[1][2][6].
Founded in 2017 by entrepreneurs Spike Lipkin and Gordon Wintrob, Newfront emerged from the recognition that the commercial insurance brokerage industry was overdue for technological innovation. The founders aimed not to replace brokers but to empower them by reducing administrative burdens through a proprietary, integrated digital platform. Early efforts focused on building this technology and proving the broker-empowerment model with a small elite team. A pivotal moment came in 2020 with the merger with ABD Insurance and Financial Services, a well-established West Coast firm, which significantly expanded Newfront’s client base and market presence. By 2021, Newfront secured major funding that validated its hybrid technology-plus-expertise model and achieved unicorn status[3][4].
Newfront rides the wave of digital transformation in financial services, specifically targeting the insurance brokerage sector, which has historically relied on manual, relationship-driven processes. The timing is critical as businesses increasingly demand transparency, real-time data access, and efficiency in risk management. Market forces such as the rise of AI, cloud computing, and data analytics favor Newfront’s model, enabling it to disrupt an antiquated industry. By bridging technology and insurance expertise, Newfront influences the broader ecosystem by setting new standards for client experience and operational efficiency in insurance brokerage[3][6][7].
Looking ahead, Newfront is poised to deepen its technological innovation, particularly in AI-driven insights and automation, further enhancing client outcomes and operational scalability. Trends such as increased digitization of business processes, globalization of startups, and demand for integrated risk management solutions will shape its growth trajectory. As Newfront expands its global footprint and continues to refine its platform, its influence is likely to grow, potentially redefining how commercial insurance brokerage operates worldwide. The company’s commitment to empowering brokers with technology while maintaining a client-centric approach positions it well to lead the next generation of insurance services[2][3][6].
Newfront was founded in 2017 by Spike Lipkin (Founder/CEO) and Gordon Wintrob (Founder/CTO).
Newfront has raised $342.0M in total across 5 funding rounds.
Newfront's investors include Jeff Parks, Kevin Hartz, Arrive, B Capital Group, Dreamers VC, Electric Capital, Founders Fund, Starting Line, Susa Ventures, Brian Barnes, Chad Nitschke, Eric Wu.
