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Novidea

Insurance Technology ~240 employees
Founded
--
Employees (Est.)
~240
12 leaders known
Total Funding
$50.0M
Funding Rounds
1
Last Funding
2023-05-03

About Novidea

Novidea is a leading provider of a born-in-the-cloud, data-driven insurance management platform built on Salesforce. It aims to transform the insurance business by empowering brokers, MGAs, and coverholders to manage the entire customer insurance journey, drive growth, and deliver superior customer value through digitalization and actionable intelligence.

Products & Services

Platform Overview:A comprehensive insurance management platform that integrates front, middle, and back office operations.
Big Technology:Advanced technological solutions for insurance distribution.
Workflows and Automation:Tools to automate workflows and streamline processes in insurance operations.
Actionable Intelligence:Real-time data analytics for informed decision-making and business growth.
Front Office:Solutions for customer-facing operations like quotes and upselling.
Middle Office:Tools for intermediary processes in the insurance lifecycle.
Integrations:Open API framework for seamless integration of additional functionalities.
Document Generation:Tools for creating insurance-related documents.
Customer Portals:Client-facing portals for enhanced customer interaction.
Security:Robust security features for insurance software solutions.

Specialties

Cloud-Native Solutions Data-Driven Insurance Platforms Insurance Distribution Lifecycle Management API Integrations Salesforce-Based Technology

Funding History

Debug: View Raw Funding Data
# Type Amount Fields Date Fields Investors
1 RT: Series C
T: -
FT: Series C 		A: 50000000
MR: -
FA: $50 Million
FAN: 50000000 		D: 2023-05-03
FD: 2023-05-03 		5 investors
Series C Latest
2023-05-03
$50.0M
5 investors (Pro only)

Growth Metrics

+45%
Employee Growth
YoY
3.2x
Funding Growth
Last Round
12
Markets
Operating
10K+
Customers
Active

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Team & Leadership

R

ROI AGABABA

CEO

LinkedIn (Pro only)
E

EREZ NISSIM

Chief Technology Officer

LinkedIn (Pro only)
J

JEFF HEINE

Chief Revenue Officer

LinkedIn (Pro only)
J

JULIE SHAFIKI

Chief Marketing Officer

Y

YANIV COHEN

Chief Customer Officer

E

ERAN BEN EZER

CFO

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Recent News

Novidea Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Read more →

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Read more →

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Read more →

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Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised

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Company Details

Industries
Insurance Technology
Company Size
~240 employees (est.)

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Technology Stack

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