Novidea Software

Cloud-based Insurance Solutions

Fintech & Insurtech
Active
Series C Netanya Founded 2009
Total raised
$118.0M
Last: Series C 2024-04
Stage
Series C
Founded
2009
Headcount
242
HQ
Netanya
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

2024-04
Series C $30.0M
2023-05
Series C $50.0M
2021-05
Series B $15.0M
2020-11
Series B $15.0M
2018-10
Series A $8.0M

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