Novidea: Funding, Investors & Team (Sep 2026)
Novidea developed a cloud-based insurance platform that utilizes data to help brokers, agents, and MGAs streamline and enhance the customer insurance process and drive growth in the insurance distribution cycle. The platform, utilizing Salesforce's Big Technology, offers a comprehensive ecosystem covering all aspects of an insurance business. It provides a holistic view of customers and stakeholders, integrating front-end policy transactions with back-office operations. Users can access valuable insights from customer and policy data on any device, empowering them to make informed decisions and offer personalized products and services. With over 100 customers globally, Novidea serves agents, brokers, MGAs, and the London market in 22 countries.
Novidea has raised $30.0M across 1 funding round on record, the most recent a Series C of $30.0M announced in Apr 2024.
That round is above the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Novidea Company Profile and Key Stats
Latest funding round on record: Apr 2024.
Novidea Funding Rounds
Novidea Founders and Leadership Team
No contact details are on record for this team yet.
Novidea Funding Compared to Other Financial Services Startups
Novidea's latest round of $30.0M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Novidea Funding FAQs
What does Novidea do?
Novidea developed a cloud-based insurance platform that utilizes data to help brokers, agents, and MGAs streamline and enhance the customer insurance process and drive growth in the insurance distribution cycle. The platform, utilizing Salesforce's Big Technology, offers a comprehensive ecosystem covering all aspects of an insurance business. It provides a holistic view of customers and stakeholders, integrating front-end policy transactions with back-office operations. Users can access valuable insights from customer and policy data on any device, empowering them to make informed decisions and offer personalized products and services. With over 100 customers globally, Novidea serves agents, brokers, MGAs, and the London market in 22 countries.
How much funding has Novidea raised?
Novidea has raised $30.0M across 1 round on record. The most recent is a Series C of $30.0M announced in Apr 2024.
When did Novidea last raise funding?
Novidea's most recent funding round on record is a Series C of $30.0M, announced in Apr 2024.
Who founded Novidea?
FundedIQ lists Sharon Volk (Founder) at Novidea.
Where is Novidea headquartered?
Novidea is based in Netanya, Hamerkaz, Israel.
How many employees does Novidea have?
Novidea is in the 101-250 employee band.
How does Novidea's funding compare to other Financial Services startups?
Novidea's latest round of $30.0M is above the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.
About FundedIQ's Novidea Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Novidea is left off this page rather than filled in.
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