Novidea Overview

  • Year Founded
  • 2009

Year Founded

  • Status
  • Private

  • Employees
  • 245

Employees

  • Latest Deal Type
  • Series C

  • Latest Deal Amount
  • $80M

  • Investors
  • 7

Novidea General Information

Description

Developer of an agency management platform designed to provide real-time business intelligence and seamless workflow management for brokers, agents, MGAs, bancassurance, and corporate risk management. The company's platform offers a unified view and access to all the information processed by brokers and back-office personnel, monitoring and analyzing the profitability of insured customers, and an archive of all customer and carrier interactions, enabling clients to improve their productivity and profitability.

Contact Information

Website
www.novidea.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 4 HaMachshev Street
  • Netanya 4250713
  • Israel
+972
Primary Industry
Business/Productivity Software
Other Industries
Financial Software
Automation/Workflow Software
Other Insurance
Vertical(s)
SaaS, InsurTech, FinTech
Corporate Office
  • 4 HaMachshev Street
  • Netanya 4250713
  • Israel
+972

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Novidea Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Later Stage VC (Series C) 09-Apr-2024 $80M Completed Generating Revenue
2. Later Stage VC (Series B) 31-May-2021 Completed Generating Revenue
1. Later Stage VC (Series A) 24-Oct-2018 $8M $8M Completed Generating Revenue
To view Novidea’s complete valuation and funding history, request access »

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Novidea Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of an agency management platform designed to provide real-time business intelligence and seamless workflow man
Business/Productivity Software
Netanya, Israel
245 As of 2026

Parsippany, NJ
 

Tuscaloosa, AL
 
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Novidea Competitors (40)

One of Novidea’s 40 competitors is Docutrax, a Corporation company based in Parsippany, NJ.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Docutrax Corporation Parsippany, NJ
Insuresoft Corporate Backed or Acquired Tuscaloosa, AL
Majesco Private Equity-Backed Morristown, NJ
Sapiens International Corporation Private Equity-Backed London, United Kingdom
Insurity Private Equity-Backed Hartford, CT
You’re viewing 5 of 40 competitors. Get the full list »

Novidea Patents

  • 6

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • Pending

  • Expiring in next 12 mo

Novidea Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
AU-PO631197-A0 Emergency buoyancy system Inactive 21-Apr-1997
AU-PO611297-A0 Emergency bouyancy system Inactive 10-Apr-1997
AU-PO527797-A0 Method for mould preparation Inactive 24-Feb-1997
AU-PN120195-A0 Settling tank Inactive 20-Feb-1995
AU-PM834694-A0 Refrigerated cabinet Inactive 23-Sep-1994
To view Novidea’s complete patent history, request access »

Novidea Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

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Similarweb Unique Visitors

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Novidea Investors (7)

Investor Name Investor Type Holding Investor Since Participating Rounds
Battery Ventures Growth/Expansion Minority
Cross Creek Advisors Venture Capital Minority
HarbourVest Partners Asset Manager Minority
Israel Growth Partners PE/Buyout Minority
JAL Ventures Venture Capital Minority
You’re viewing 5 of 7 investors. Get the full list »

Novidea Acquisitions (1)

Novidea’s most recent deal was a Merger/Acquisition with Docomotion. The deal was made on 01-Jul-2024.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Docomotion 01-Jul-2024 Merger/Acquisition Business/Productivity Software
To view Novidea’s complete acquisitions history, request access »

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Novidea Affiliates

Subsidiaries (1)

Name Industry Location Year Founded
Docomotion Netanya, Israel 2014

Novidea FAQs

  • When was Novidea founded?

    Novidea was founded in 2009.

  • Where is Novidea headquartered?

    Novidea is headquartered in Netanya, Israel.

  • What is the size of Novidea?

    Novidea has 245 total employees.

  • What industry is Novidea in?

    Novidea’s primary industry is Business/Productivity Software.

  • Is Novidea a private or public company?

    Novidea is a Private company.

  • What is the current valuation of Novidea?

    The current valuation of Novidea is .

  • What is Novidea’s current revenue?

    The current revenue for Novidea is .

  • How much funding has Novidea raised over time?

    Novidea has raised $118M.

  • Who are Novidea’s investors?

    Battery Ventures, Cross Creek Advisors, HarbourVest Partners, Israel Growth Partners, and JAL Ventures are 5 of 7 investors who have invested in Novidea.

  • Who are Novidea’s competitors?

    Docutrax, Insuresoft, Majesco, Sapiens International Corporation, and Insurity are some of the 40 competitors of Novidea.

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