Novidea Software

Cloud-based Insurance Solutions

Fintech & Insurtech
Active
Series C Netanya, Israel Founded 2009
Last updated 2026-06-18
Total raised
$118.0M
Last: 2024-04
Stage
Series C
Founded
2009
Headcount
242
HQ
Netanya, Israel
Sector
Fintech & Insurtech

About

Novidea's end-to-end platform provides real-time business intelligence and seamless workflow management for brokers, agents, MGAs, bancassurance, and corporate risk management. Designed specifically for insurance distribution, Novidea's cloud-based platform provides a single view for managing the entire insurance distribution lifecycle across all lines of business. It promotes service excellence, simplifies regulatory compliance, and provides secure data access from any device. By consolidating all front and back-office data and workflows from leads, to quotes, to policy administration Novidea's integrated solution delivers full visibility into the entire customer journey and actionable insights to help increase sales, profitability, and productivity.

Funding history · 5 rounds · $118.0M total

Q&A

What is Novidea Software's primary business?
Novidea Software provides cloud-based insurance solutions, offering an end-to-end platform for real-time business intelligence and workflow management for various insurance distribution entities.
Where is Novidea Software headquartered?
Novidea Software is headquartered in Netanya, Israel.
How many employees does Novidea Software have?
Novidea Software has 201-500 employees.
What was Novidea Software's most recent funding round?
In April 2024, Novidea Software raised $30,000,000 in a funding round. Investors included Cross Creek and HarbourVest Partners.
What was Novidea Software's second most recent funding round?
In May 2023, Novidea Software raised $50,000,000. This round was led by Battery Ventures and Cross Creek.
What is the total amount of funding Novidea Software has raised to date?
Novidea Software has raised a total of $118,000,000 across all funding rounds.
When was Novidea Software founded?
Novidea Software was founded in January 2009.
What is Novidea Software's current funding stage?
Novidea Software is currently in its Series C funding stage.

Team · 3

Founder · Co-founder & CEO
LinkedIn ↗
Founder · Co-founder & Chief Architect
LinkedIn ↗
Founder · Co-founder & VP Producta
LinkedIn ↗

Sectors & technology

Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechInsurtechBusiness SoftwareIT, R&D & Data SolutionsSoftware Development Tools
Technologies
Data StorageCDNCloudPlatforms & InterfacesWeb
Target customers
Financial ServicesFinancial ProductsInsurance
Business model
B2B

Tags

salesproductivitysaasinsurance-companiesbrokersback-officefintechenterprise-solutionsinsurtechbig-data-analyticssoftware-applicationsportfolio-managementunderwritingrisk-managementcompliancemanagement-solutionsbusiness-intelligence
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