Next Insurance acquires Juniper Labs in first-ever acquisition

On the heels of raising a $250 million Series D funding round, insurtech startup Next Insurance has made its first-ever acquisition — Juniper Labs, a Denver-based provider of automated underwriting for sellers of insurance to small businesses.

Palo Alto, California-based Next Insurance announced the acquisition Dec. 10. Terms of the deal weren’t disclosed. Juniper Labs picked up $225,000 in angel funding soon after Lance Poole and John Stevenson founded the company in 2019, according to Crunchbase.

Next COO Sofya Pogreb told FinLedger that bringing Juniper Labs into the fold will help expand her company’s offerings for small businesses and beef up customer service.