Novella raised $21M to give insurance brokers super-powers.
We’ve spent the last two years working with insurance brokers and carriers to answer their one question - how will AI impact my job?
Today, we’re sharing the answer:
Every problem in insurance comes back to pairing risk with capital.
It's conceptually really simple and practically really really hard.
If we can build AI to solve that, we completely change how people think about risk.
Congratulations on your Series A @maxekane & team @withnovella!
AI is changing how risk is underwritten, and Novella is building the new broker engine to accelerate the change!
Novella raised $21M to give insurance brokers super-powers.
We’ve spent the last two years working with insurance brokers and carriers to answer their one question - how will AI impact my job?
Today, we’re sharing the answer:
$21M for Novella.
E&S insurance is a $150B+ market still run on email, and spreadsheets. It's a $150B+ inbox.
Capital is fuel. Here's the destination.
We're building the operating system for E&S. Fast, open, AI-native.
Huge thanks to our investors, retail agents & carriers.
@Nick_Lamparelli Theoretically, yeah. But most insurtechs are not really AI native. Even systems built 5 years ago need to be scrapped and entirely rebuilt for AI. The recency advantage here is so strong given the pace technology is moving
📣 Update: we raised our $60m Series B from @Lux_Capital, @IndexVentures and @01Advisors, with participation from @sequoia, @eladgil and @BainCapVC .
When we came out of stealth 283 days ago, we had negotiated contracts worth $30m for our clients. As of last month, that number is over $1 billion.
We work with the most ambitious companies in the world, including @tryramp, @clay and @RogoAI. Today, we want you to hear from some of them directly.
Contracts are the rails of commerce. @crosbylegal is a hybrid AI law firm that gets them signed 80% faster. We’re announcing our Series B to keep scaling the dream law firm.
📣 Update: we raised our $60m Series B from @Lux_Capital, @IndexVentures and @01Advisors, with participation from @sequoia, @eladgil and @BainCapVC .
When we came out of stealth 283 days ago, we had negotiated contracts worth $30m for our clients. As of last month, that number is over $1 billion.
We work with the most ambitious companies in the world, including @tryramp, @clay and @RogoAI. Today, we want you to hear from some of them directly.
Contracts are the rails of commerce. @crosbylegal is a hybrid AI law firm that gets them signed 80% faster. We’re announcing our Series B to keep scaling the dream law firm.