Novidea, creator of the born-in-the-cloud, data-driven platform optimizing the entire insurance policy and distribution lifecycle, recently completed a $50M Series C round. Cross Creek participated in the raise, which was led by Battery Ventures, alongside Israel Growth Partners, KT Squared and JAL Ventures Fund.

In recent years, Novidea has experienced hyper-growth, selling to insurance leaders across the globe. The company stated that it will leverage the investment to continue its journey to becoming an industry leader and increase international market share. Specifically, funds will go to the further development of its cloud-based, data-driven insurance platform, fortification of its customer success infrastructure, and expansion of teams and offices across all target markets in the US, UK, EMEA, and APAC.

We look forward to watching the company’s future growth and success.