Capitola, a Mountain View, California-based start-up that specializes in creating a digital marketplace for commercial insurance, has successfully raised $15.6 million in Series A funding. Munich Re Ventures led the funding round, with Lightspeed Venture Partners also participating.
The fresh capital infusion will be used to fuel Capitola’s platform growth, focusing on enhancing its market intelligence capabilities. Additionally, the funds will aid in accelerating the company’s sales efforts in the United States.
Established in 2021 by co-founders Naor Rosenberg (CTO), Amit Ben Nathan (CPO), and Sivan Iram (CEO), Capitola’s productivity and market intelligence platform is designed to revolutionize the way insurance broker teams operate. The platform simplifies the management of intricate, multi-layered insurance programs with user-friendly tools, automates the creation of customized client reports and proposals, and utilizes AI-driven market intelligence to identify the most suitable markets. These capabilities empower broker teams to build stronger relationships, broaden their client base, and secure more deals.