Novidea

formerly Novo Idea Software

Insurance Software Solution

Tel Aviv, Israel · Founded 2017 · $110.0M raised

Headquarters
Tel Aviv
Employees
201–500
Founded
2017
Business Model
B2B
Total Funding
$110.0M
Last Round
$30.0M Series CApr 2024
Rounds
4

Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.

About

Novidea is the creator of a born-in-the-cloud, data-driven insurance management system that digitalizes the insurance distribution lifecycle for brokers, agents, MGAs, and hybrid fronting carriers. The platform unifies customer-facing policy transactions with middle- and back-office operations, turning customer data into real-time insights and actionable intelligence. Built to leverage Salesforce, Novidea gives insurance businesses a single system they can access from anywhere to grow faster, improve customer experience, and deliver tailored products and services.

Summary

Novidea is a Fintech company based in Tel Aviv, Israel, founded in 2017. It has raised $110.0M in total across 4 rounds, most recently a $30.0M Series C round in Apr 2024. Investors include Israel Growth Partners, HarbourVest Partners and Battery Ventures.

Tech & App Stack

9 technologies & apps tracked

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Funding History

Series CSeries CApr 2024
$30.0M

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Funding: Seed through Series C. Amounts, valuations, and investors where available.

Investors

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