In April 2022, the Growth Equity business within Goldman Sachs Asset Management (“GS Growth”) led Newfront’s recent capital round, at a $2.2bn equity valuation.

Through their research, they have developed an investment thesis around modern full-stack disruptors and how Newfront is transforming large portions of the financial services sector. "We invested in Newfront because of their unique marriage of technology and insurance & benefits domain expertise. We believe Newfront fits our thesis perfectly and represents the future of commercial insurance."

Read the full thesis here.