Novidea
Latest round
- Series C
Last raised
- Apr 2024
Total raised
- $110M
Investors
- 7
About Novidea
Founded in 2009 and based in Netanya, Israel, Novo Idea Software Limited, trading under the name Novidea, operates as a provider of software-as-a-service offering real-time business intelligence and workflow management for the insurance industry. With its headquarters nested in prime locations, Novidea operates across multiple continents. In July 2024, Novo Idea Software Limited, a portfolio company of KT Squared, Salesforce Ventures, 2B Angels, JAL Ventures, Israel Growth Partners, Battery Ventures, Cross Creek, and HarbourVest Partners, agreed to acquire Docomotion. At its core, Novidea delivers insurance management platforms for businesses to streamline operations and enhance customer experiences. The hallmark of Novidea's product offering is its born-in-the-cloud, data-driven insurance platform, designed to digitize and optimize different facet of the insurance distribution lifecycle. Novidea also provides a product suite that integrates front, middle, and back office functionalities, enabling real-time analytics, efficient document management, and automated customer intelligence insights. Novidea's revenue stream is primarily fueled by the adoption of its innovative insurance management platform by top-tier brokers, agents, and MGAs worldwide. This revenue stream is further amplified by ongoing support services, training programs, and customized implementations that cater to the unique needs of each client. The acquisition in 2024 will allow Novo Idea Software Limited to accelerate its product development and add new capabilities to its insurance management platform and Docomotion to offer more products and global access to professional expertise.
Who invested in Novidea
7 investors across 4 rounds
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Questions about Novidea
Who invested in Novidea?
Novidea has 7 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Novidea raised?
Novidea has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Novidea last raise money?
Novidea's most recent round on record is a Series C, in Apr 2024.
What does Novidea do?
Founded in 2009 and based in Netanya, Israel, Novo Idea Software Limited, trading under the name Novidea, operates as a provider of software-as-a-service offering real-time business intelligence and workflow management for the insurance industry.
Where is Novidea headquartered?
Novidea is headquartered in Netanya, Israel.
Which VCs invest in companies like Novidea?
Among active investors with capital left to deploy, Yufu Capital, ICBC Capital Management, Ningbo Tongshang Fund and Boc Private Equity Firm back software companies at Novidea's stage. Their profiles are linked below.
VCs backing software startups at Series C
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