Novidea Software
Formerly Novo Idea Software Ltd.
Cloud-based Insurance Solutions
Startup C Fintech & Insurtech Est. 2009
Total Raised
$118M
C
Last Round
$30M
5 rounds
Investors
8
8 public
Team
5
201-500 employees
Confidence
92/100
News
12
articles
About
Novidea's end-to-end platform provides real-time business intelligence and seamless workflow management for brokers, agents, MGAs, bancassurance, and corporate risk management. Designed specifically for insurance distribution, Novidea's cloud-based platform provides a single view for managing the entire insurance distribution lifecycle across all lines of business. It promotes service excellence, simplifies regulatory compliance, and provides secure data access from any device. By consolidating all front and back-office data and workflows from leads, to quotes, to policy administration Novidea's integrated solution delivers full visibility into the entire customer journey and actionable insights to help increase sales, profitability, and productivity.
Classification
Sector
Fintech & InsurtechInsurtechBusiness SoftwareIT, R&D & Data SolutionsSoftware Development Tools
Core Technology
Data StorageCDNCloudPlatforms & InterfacesWeb
Target Customer
Financial ServicesFinancial ProductsInsurance
Business Model
B2B
Tags
salesproductivitysaasinsurance-companiesbrokersback-officefintechenterprise-solutionsinsurtechbig-data-analyticssoftware-applicationsportfolio-managementunderwritingrisk-managementcompliancemanagement-solutionsbusiness-intelligence
Funding & Events
Oct 2018
A Round $8M
KT Squared LLC, 2B.VC, Salesforce Ventures
Nov 2020
B Round $15M
JAL Ventures (Lead), Salesforce Ventures, KT Squared LLC, 2B.VC
May 2023
C Round $50M
Battery Ventures (Lead), Cross Creek (Lead), IGP - Israel Growth Partners, JAL Ventures, KT Squared LLC
May 2021
B Round $15M
IGP - Israel Growth Partners (Lead), JAL Ventures, KT Squared LLC, 2B.VC
Jul 2024
M&A Undisclosed
Apr 2024
C Round $30M
Cross Creek, IGP - Israel Growth Partners, HarbourVest Partners, JAL Ventures, Battery Ventures, KT Squared LLC
News (12)
Jul 1, 2024 ยท www.geektime.co.il
ื—ื‘ืจืช Novidea ืจื•ื›ืฉืช ืืช ื”ืกื˜ืืจื˜ืืค ื”ื™ืฉืจืืœื™ Docomotion
Apr 9, 2024 ยท www.reinsurancene.ws
growth-positive
Novidea raises additional $30m from HarbourVest Partners - Reinsurance News
InvestmentExpandManagement Changes
Nov 20, 2023 ยท www.ice.co.il
growth-positive
ื ื•ื‘ื™ื“ืื” ืชืฉื‘ื•ืจ ืืช ื”ืฉื•ืง? ื”ืคืœื˜ืคื•ืจืžื” ื”ื’ืœื•ื‘ืœื™ืช ื‘ื“ืจืš ืœืžื”ืคืš
CustomersExpand
Aug 16, 2023 ยท www.prnewswire.com
growth-positive
Novidea's Insurance Distribution Platform Selected by Mivtach Simon as Part of Digital Transformation Strategy
Partners
May 3, 2023 ยท www.calcalistech.com
growth-positive
Insurtech startup Novidea raises $50 million Series C | CTech
InvestmentExpand
Jul 19, 2022 ยท www.ice.co.il
growth-positive
ืžืฉื‘ืจ? ื ื•ื‘ื™ื“ืื” ื”ื™ืฉืจืืœื™ืช ื—ื•ื ื›ืช ืžืฉืจื“ื™ื ื—ื“ืฉื™ื ื•ืžื—ืคืฉืช ืขื•ื‘ื“ื™ื
Expand
May 31, 2021 ยท www.calcalistech.com
growth-positive
Novidea secures additional $15 million from IGP, bringing total series B to $30 million
InvestmentExpand
Nov 24, 2020 ยท www.calcalistech.com
growth-positive
Insurtech startup Novidea raises $15 million in series B round
Investment
Jun 9, 2020 ยท www.prweb.com
growth-positive
Novidea Partners with ePayPolicy to Bring Digital Payments to Their Users
Partners
Feb 5, 2020 ยท www.insurancebusinessmag.com
growth-positive
Novidea partners with Xceedance
Partners
Jul 26, 2019 ยท www.fintechmagazine.com
Growth-Positive
https://www.fintechmagazine.com/banking/md-novidea-future-lloyds-broker
CustomersExpand
May 19, 2016 ยท www.prweb.com
growth-positive
Novidea Among the 20 Most Promising Insurance Technology Solution Providers of 2016 by CIOReview
Customers
Details
Product Stage
Released
Employees
201-500
Exact Count
242
District
Center District
Founded
2009
Registrar
514232073
Crunchbase
novidea-software-aka-novo-idea-software-ltd
Locations
Arieh Regev St 4, Netanya, Israel
175 Varick St, New York, NY 10013, USA
Avenida de la Palmera, 28b, 41012 Sevilla, Espaa
99 Bishopsgate, City of London, London EC2M 3XD, England, UK
Links
Website
LinkedIn
Twitter
Careers
Admin
Last Update
Mar 31, 2025
Verified by
Yanina Wainscheinker
Missing
markets, not claimed
Team (5)
Roi Agababa
Co-founder & CEO
Founder
Rolan Shkolnik
Co-founder & Chief Architect
Founder
Sharone Volk
Co-founder & VP Producta
Founder
Erez Nissim
CTO
Novidea Marketing
Marketing