Company Overview
Snapshot
Founded in January 2009 by Roi Agababa, Rolan Shkolnik, and Sharone Volk, Novidea Software operates with 201–500 employees. The company has raised $118M across 5 funding rounds from 8 investors. In April 2024, Novidea Software secured an extension to its Series C round, with participation from.
Business overview
Novidea Software provides a cloud-based, end-to-end platform designed for the insurance distribution sector. Its core technology offers real-time business intelligence and streamlined workflow management, serving brokers, agents, MGAs, bancassurance, and corporate risk management. The platform consolidates front and back-office data, from leads to policy administration, to provide a unified view of the insurance lifecycle. This solution aims to enhance service, simplify regulatory compliance, and deliver actionable insights to improve sales, profitability, and productivity within the Fintech & Insurtech sector, specifically targeting the insurance market in the United Kingdom and United States.
Strategic signal
In July 2024, Novidea Software is set to acquire Israeli startup Docomotion, marking its first acquisition in Israel. This strategic move indicates Novidea's intent to expand its technological capabilities and market presence, signaling a proactive growth strategy to investors and innovation teams.
Log in to access full profile ›Company Intelligence Q&A
- What was Novidea Software's most recent funding activity?
- In April 2024, Novidea Software secured an extension to its Series C funding round. Participants included HarbourVest Partners and Cross Creek.
- What was the company's most recent acquisition?
- In July 2024, Novidea Software is acquiring the Israeli startup Docomotion. This marks Novidea's first acquisition of an Israeli company.
- When did Novidea Software raise its Series C round?
- In May 2023, Novidea Software raised a Series C funding round. The round saw participation from lead investors Battery Ventures and Cross Creek.
- When did Novidea Software complete its Series B funding?
- In May 2021, Novidea Software secured an additional Series B investment from lead investor IGP -.
- What strategic partnership did Novidea Software announce in August 2023?
- In August 2023, Mivtach Simon selected Novidea Software's insurance distribution platform as part of its digital transformation strategy, indicating a significant client win and validation of Novidea's platform.