Insurtech startup Novidea, a provider of a cloud-based, data-driven platform that enables brokers, agents, and MGAs to drive operational efficiencies and growth across the entire distribution lifecycle, announced Monday that it has secured $30 million in Series B financing, led by Israel Growth Partners (IGP) and joined by JAL Ventures, KT Squared, and 2B Angels.
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"Novidea is witnessing an increased global demand for its cloud-based insurance platform that translates insurance parameters into real-time business insights with advanced analytic capabilities and actionable information," said Roi Agababa, CEO of Novidea.
"We are excited about the partnership with IGP and their trust in our vision. The additional investment will enable Novidea to respond to the growing demand for our products, to accelerate our product roadmap, and to double-down on our global expansion," Agababa said.
