Things To Know About Capitola
Capitola is an insurance based industry founded in 2021. The privately held company is headquartered in Mountain View, California has major specialties in the sectors of Ai driven, Risk appetite matching, Placement process automation, Digital market place. The company focuses on building strong relationships with clients and making it easier for brokers to close number of deals with appropriate market strategy.
The following round, was led by Munich Re Ventures, follows on from Capitola’s $5m seed round closed in 2021 that was led by Lightspeed Venture Partners.
The founders Naor Rosenberg (CTO), Amit Ben Nathan (CPO) and Sivan Iram (CEO), Capitola is a digital marketplace for commercial insurance connecting brokers and carriers and using AI-based risk appetite that matches to the stream of the placement process.
The company aims to transform broker teams work, saving and managing time and decoding errors with simplified and streamlined placements.
The Capitola platform organizes and manages complex, hard to place and multi-layered programs with tools, creates a customised client reports and proposals using automation features by providing appropriate claims, and finds the right markets with up-to-date, AI-driven market intelligence as well. This strategy helps the company to take it’s graph to the peak of productivity and profitability.
The following funding bagged amount of the company will be put into leveraging the skills and advertising it’s efficiency in the US market.
What Are The Views Of Leading Members Of The Firm On This
Sivan Iram, Capitola’s co-founder and CEO, said, “The insurance industry has seen many technological advancements over the years, but very little attention has been given to the insurance professionals and the tools they use. Capitola’s mission is to help insurance professionals deliver exceptional client service and coverage. Our platform brings together brokers and underwriters, removing many of the operational inefficiencies around manual processes and repetitive tasks to allow them to focus on what they do best. We’re thrilled to have the support of Munich Re Ventures, Lightspeed, and our other investors as we continue to grow our team, develop innovative solutions and expand our impact on the insurance industry.”
