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Overview
Novidea is the creator of a born-in-the-cloud, data-driven insurance platform that enables brokers, agents, and MGAs to modernize and manage the customer insurance journey end-to-end and drive growth across the entire insurance distribution lifecycle. The Novidea platform, built to leverage the power of Salesforce’s Big Technology, provides a complete ecosystem spanning every aspect of an insurance business. The platform’s technology provides a 360-degree view of the customer and all stakeholders, enabling full integration between customer-facing policy transactions and the middle and back office. Brokers, agencies, and MGAs extract more value from their customer and policy data with actionable intelligence from any device, anywhere. Novidea turns data into insight at the point of need, enabling better-informed decisions and delivering greater customer value through products and services tailored to individual needs. Novidea supports more than 100 customers, including agents, brokers, MGAs, and the London market across 22 countries.
About
Cloud Computing, Software, InsurTech, Insurance
2009
101-250
Headquarters locations
Asia
Social
N/A
Profile Resume
Novidea headquartered in Asia, operates in the Cloud Computing, Software, InsurTech, Insurance sector. The company focuses on Cloud Computing and has secured $8.8B in funding across 80 round(s). With a team of 101-250 employees, Novidea is actively contributing to advancements in Cloud Computing. Their latest funding round, Series C - Novidea, raised $30.0M. Discover more about their projects, partnerships, and impact on our platform.
Funding Rounds
5
6
0
$110.0M
Details
4
Novidea has raised a total of $110.0M in funding over 4 rounds.
Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
---|---|---|---|---|
2020 | Early Stage Venture | 15.0M | ||
2021 | Early Stage Venture | 15.0M | ||
2023 | Late Stage Venture | 50.0M | ||
2024 | Late Stage Venture | 30.0M |
Investors
Novidea is funded by 30 investors.
Investor Name | Lead Investor | Funding Round | Partners |
---|---|---|---|
Shiran Shalev | - | FUNDING ROUND - Shiran Shalev | 30.0M |
Battery Ventures | - | FUNDING ROUND - Battery Ventures | 30.0M |
Novidea | - | FUNDING ROUND - Novidea | 30.0M |
Cross Creek | - | FUNDING ROUND - Cross Creek | 30.0M |
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