Insurtech startup Novidea raises $15 million in series B round
“We’re seeing a growing demand in the world for a smart platform that translates insurance data into business insights in real-time, advanced analytic capabilities and information that users can act upon,” said CEO Roi Agababa
Meir Orbach | 12:01 24.11.2020
Israeli insurtech company Novidea, which has developed a system to help improve the efficiency of brokers and agents, has raised $15 million in a series B funding round led by the JAL Ventures Fund II, with participation of previous investors Salesforce, KT Squared LLC, and 2B Angels. Novidea has raised $23 million to date. Its R&D centers are located in Israel, the U.K., and the U.S. and it employs 68 people. The company, which underwent changes in 2014, was founded by Roi Agababa, Sharone Volk, Rolan Shkolnik, and Igal Lebedev.