Tel Aviv-based startup Lightico, whose next-generation digital completion platform is used in the insurance, automotive, telecom and financial industries to help customers eliminate roadblocks to deal completion, announced on Monday a $15 million follow-on Series B funding round led by Capital One Ventures, bringing the total round to $27 million.
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Lightico's Digital Completion Cloud allows companies to gather eSignatures, collect documents, perform ID&V, accept payments and more through a collaboration window opened on the browser of the customer's smartphone.
Joining the round is Poalim Capital Markets as well as previous Lightico investors: lool Ventures, Crescendo Venture Partners and Mangrove Capital Partners. Capital One Venture's financial investment in Lightico, its second in less than a year, comes after scaling Lightico's digital solution to fully digitize its own customer-facing interactions.
"Capital One seeks to consistently provide the best possible digital experience to its customers, and Lightico has been a valuable partner in keeping Capital One Auto Finance at the forefront of our industry," said Steve Braskamp, Senior Vice President in Capital One's Auto Finance division.
"The growth we've seen over the past 18 months has been incredible and the value of enabling consumer-facing businesses complete their journeys digitally and quickly has been proven time and again in terms of real ROI," said Zviki Ben Ishay, co-founder and CEO of Lightico. "We're excited that Capital One continues to be part of our vision of creating effortless, efficient and digitally complete customer journeys will become a reality."
