Novidea
PrivateLast Round
Series C
Extension
Apr 9, 2024
Total Funding Raised
$118M
Company Overview
Novidea is an insurance technology (Insurtech) company that provides a cloud-native, data-driven insurance management platform for brokers, agents, MGAs, and carriers. Built on the Salesforce platform, Novidea's system is designed to manage the entire insurance distribution lifecycle, from front-office customer interactions to middle and back-office operations, including policy administration, claims, and accounting. The platform consolidates data into a single location, providing users with real-time business intelligence and actionable insights to enhance operational efficiency, drive growth, and improve customer value. Novidea supports a global client base with an open API architecture that allows for integration with other technologies.
Sector
FinTech
Verticals
InsurTech, Vertical SaaS, CRM, Business Intelligence, Compliance & Risk
Business Model
B2B
Customer Profile
Subscription SaaS, Services & Consulting
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Novidea Comps
Public and private peers based on sector, stage, and business model.
Novidea Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series C Extension | Apr 9, 2024 | ||||
| Series C | May 3, 2023 | ||||
| Series B Extension | May 31, 2021 | ||||
| Series B | Nov 24, 2020 | ||||
| Series A | Oct 25, 2018 |
Key People
Founding team and executive leadership
Novidea Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Cross Creek Advisors | Series C Extension, Series C |
| Salesforce Ventures | Series B, Series A |
| Israel Growth Partners | Series C Extension, Series C, Series B Extension |
| JAL Ventures | Series C Extension, Series B Extension, Series C, Series B |
| HarbourVest Partners | Series C Extension |
| Battery Ventures | Series C Extension, Series C |
| 2B.VC | Series B, Series B Extension, Series A |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 14, 2026
Named a finalist in the "Product or Service Innovation" category.
- Mar 17, 2026
Enhanced insurance management platform with policy, claims, and accounting features.
Novidea Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation |
Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation |
Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation |
Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation | Sign Up to view | Mock Valuation |
Frequently Asked Questions
Common questions about Novidea's valuation, stock price, and market status.
