Nirvana Insurance

Nirvana Insurance

Data-driven trucking insurance solutions provider

About Nirvana Insurance

Simplify's Rating
Why Nirvana Insurance is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Fintech

Financial Services

Company Size

51-200

Company Stage

Series C

Total Funding

$162M

Headquarters

San Francisco, California

Founded

2020

Overview

Nirvana Insurance provides specialized insurance solutions for the trucking industry, focusing on safety and efficiency. Their service allows businesses to receive quick insurance quotes and proactive protection, helping them save money and operate more safely. By utilizing data-driven methods, Nirvana Insurance simplifies the insurance process, making it faster and more accessible through online applications that can be completed in under 10 minutes. Unlike traditional insurance providers, Nirvana Insurance operates as an independent producer, giving them access to multiple insurance companies to offer competitive rates and high-quality coverage. Their goal is to modernize trucking insurance, ensuring that clients experience hassle-free claims handling and reliable coverage backed by top global reinsurers.

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Simplify's Take

What believers are saying

  • Nirvana raised $80M in Series C funding, boosting its growth potential.
  • Partnership with Ascend enhances billing processes, improving operational efficiency.
  • The trend of usage-based insurance is expanding, aligning with Nirvana's offerings.

What critics are saying

  • Increased regulatory scrutiny on emissions standards may affect Nirvana's client base.
  • Rollback of emissions rules by the EPA creates uncertainty in the trucking industry.
  • Rapid technological advancements may lead to increased competition from other insurtechs.

What makes Nirvana Insurance unique

  • Nirvana leverages telematics data for personalized insurance offerings in the trucking sector.
  • The company offers fast quotes and proactive protection, enhancing customer experience.
  • Nirvana's policies are backed by A.M. Best A-rated reinsurers, ensuring reliability.

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Funding

Total Funding

$162M

Above

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$80M
Nirvana Insurance
$100M
Oura

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Unlimited Paid Time Off

Remote Work Options

Home Office Stipend

Wellness Program

Company News

FreightWaves
Mar 13th, 2025
Epa Gives Trucking Oems Whiplash With Emissions Rule Rollback Plan

EPA gives trucking OEMs whiplash with emissions rule rollback plan(Photo: Jim Allen/FreightWaves)On Wednesday, Environmental Protection Agency Administrator Lee Zeldin announced that the EPA is reviewing the emissions rulemaking put in place under the Biden-Harris administration. The important part for trucking comes from targeting the Greenhouse Gas Emissions Standards for Heavy-Duty Vehicles – Phase 3, or just Phase 3, rules, which began with model year 2027 trucks and extended through 2032. Opponents to the rulemaking argued that the added emissions reduction requirements for nitrogen oxide would add tens of thousands of dollars to the cost of a new Class 8 tractor. Additionally, at the recent 2025 TMC annual meeting, the Commercial Carrier Journal reported, “Mike Tunnell, senior director of environmental affairs and research at American Trucking Associations, noted a modern diesel truck has seen a 99% reduction in NOx since 1973 and 99% in PM emissions since 1987.”While the EPA is looking to terminate emissions rulemaking, the larger fight may be with the California Air Resources Board’s rulemaking. While CARB withdrew its Advanced Clean Fleets rule during the waning days of the Biden administration, it still has the Advanced Clean Trucks rule in place. CARB also has seen other states adopt its policies. CCJ adds, “Class 7 8 truck-tractors sold in model year 2024 will have to be 5% zero-emission-based rising to 40% by 2032

Beinsure
Mar 12th, 2025
Nirvana Insurance, an AI-driven trucking insurer, raised $80mn in a Series C

General Catalyst led the round, with continued support from Lightspeed Venture Partners and Valor Equity Partners.

Finsmes
Mar 10th, 2025
Nirvana Insurance Raises $80M in Series C Funding

Nirvana Insurance, a San Francisco, CA-based AI-driven commercial trucking insurer, raised $80M in Series C funding, at $850M valuation

Pulse 2.0
Sep 20th, 2024
Nirvana Raises $24.2M to Transform Insurance Verification

Nirvana, a health tech company, raised $24.2 million in Series A funding led by Northzone, with participation from Inspired Capital, Eniac Ventures, and Surface Ventures. Nirvana uses AI to offer instant insurance verification and accurate cost estimates, reducing financial burdens for patients and providers. The platform integrates via API, EHR/EMR, or web/mobile app, and can retrieve eligibility information with minimal data. The Discover product has generated significant interest.

Coverage
Mar 11th, 2024
Nirvana Insurance Announces New Reinsurers And Doubling Of Capacity

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