Insurtech platform provider Novidea secures $15 million in Series B

NY-based cloud-based platform for managing the entire insurance distribution lifecycle, Novidea , has announced the successful completion of $15 million in Series B financing. The round was led by JAL Ventures Fund II, with the participation of existing investors including KT Squared LLC and 2B Angels.

Proceeds will enable the expansion of operations in the US, UK, and international markets, and accelerate product innovation.