Novidea

NovideaNovidea
Novidea

Novidea

Cloud-based insurance platform for brokers, agents, and carriers.

Reddit“Novidea recently hit the headlines following its latest Series C funding drive which saw a $50 million raise a…”
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DR 492010Active229Tel Aviv, Israel
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About

Novidea is a cloud-based insurance platform designed to streamline operations for brokers, agents, and carriers. It offers a comprehensive suite of tools for policy management, customer relationship management, claims processing, and business intelligence, aiming to improve efficiency and drive growth in the insurance industry.
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Reddit
r/insuretechu/Adam_RJJun 15, 2023Positive💎

“Novidea recently hit the headlines following its latest Series C funding drive which saw a $50 million raise and solid investor support. A leading insurtech provider of a cloud-native, data-driven insurance management system, the company wa…”

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Frequently asked

What does Novidea do?

Novidea is a cloud-based insurance platform designed to streamline operations for brokers, agents, and carriers. It offers a comprehensive suite of tools for policy management, customer relationship management, claims processing, and business intelligence, aiming to improve efficiency and drive growth in the insurance industry.

How much funding has Novidea raised?

Novidea has raised a total of $25M in funding. The most recent round on record is Series A.

Where is Novidea headquartered?

Novidea is headquartered in Tel Aviv, Israel.

When was Novidea founded?

Novidea was founded in 2010.

What industry does Novidea operate in?

Novidea operates in InsurTech, Vertical SaaS, Insurance Broker Software, Insurance Carrier Software, Cloud Platform, Business Intelligence.

How many employees does Novidea have?

Novidea has approximately 229 people on record.

What is Novidea's revenue?

StartupHub estimates Novidea's annual revenue at $152.0M (range $109.2M to $242.4M, 68% confidence), based on comparable companies in the sector.

What is Novidea's valuation?

StartupHub estimates Novidea's effective valuation at $98.5M (range $62.5M to $150.0M, 11% confidence), based on comparable companies in the sector.