Novidea raises $30m in Series C funding round led by HarbourVest Partners

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Novidea is an Insurtech company based in Netanya, Israel, that specializes in a cloud-native insurance management platform tailored for insurance distribution. The platform serves a diverse range of clients, including brokers, agents, Managing General Agents (MGAs), wholesalers, carriers, and the London Market across over 23 countries. With more than 350 customers and 22 million policies managed, Novidea provides a comprehensive solution that integrates front, middle, and back office operations into a single ecosystem. Built on Salesforce technology, Novidea’s platform offers a 360-degree view of customers and policies, enabling real-time data access and actionable insights from any device. Key features include cloud-native architecture, open API for seamless connectivity, low-code/no-code configurability, and support for multiple languages and currencies. The platform enhances operational efficiency through automated workflows that streamline the insurance lifecycle, from customer onboarding to claims management. In 2024, Novidea expanded its capabilities by acquiring Docomotion, a document generation platform, further enriching its service offerings.