Novidea

Novidea

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Organization

Contact Information

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

Industries

Cloud Computing, Software, InsurTech, Insurance

Founded

2009

Employees

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.

Employees

imagePlace Eric Ayala

Eric Ayala

SVP and GM, US Markets

imagePlace Roi Agababa

Roi Agababa

Co-Founder & CEO

imagePlace Yosef Kaplan

Yosef Kaplan

VP of Global Sales

imagePlace Sharon Volk

Sharon Volk

Co-Founder & Vice President, Product

imagePlace Ron Koren

Ron Koren

VP or R&D

imagePlace Erez Nissim

Erez Nissim

Chief Technology Officer

Funding Rounds

Funding rounds

5

Investors

6

Lead Investors

0

Total Funding Amount

$110.0M

Details

4

Novidea has raised a total of $110.0M in funding over 4 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2020Early Stage Venture15.0M
2021Early Stage Venture15.0M
2023Late Stage Venture50.0M
2024Late Stage Venture30.0M

Investors

Novidea is funded by 30 investors.

Investor NameLead InvestorFunding RoundPartners
Shiran Shalev-FUNDING ROUND - Shiran Shalev30.0M
Battery Ventures-FUNDING ROUND - Battery Ventures30.0M
Novidea-FUNDING ROUND - Novidea30.0M
Cross Creek-FUNDING ROUND - Cross Creek30.0M

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