Things To Know About Capitola
Capitola is an insurance based industry headquartered in Mountain View, California. The privately held company was founded in the year 2021 and holds major specialties in the sectors of AI driven, Risk appetite matching, Placement Process Automation and Digital Marketplace. The following platform uses the first two of it’s major specialties and let the brokers avail their best by easing the work load on them.
Currently, the company had a funding round, led by Munich Re Ventures, follows on from Capitola’s $5m seed round closed in 2021 that was led by Lightspeed Venture Partners.
Founded by Naor Rosenberg (CTO), Amit Ben Nathan (CPO) and Sivan Iram (CEO), this marketplace is especially designed for commercial insurance which connects brokers and carriers for placement process.
By organizing and managing complexity in the workspace to creating customised client reports and proposals by using automation features, Capitola finds the right markets with up-to-date, AI-driven market intelligence which strengthen relationships, expand their client base, crack more deals, and supports in fuel growth and profitability.
The funding received from the following round will be used in for growing Capitola’s platform with an emphasis on its market intelligence capabilities and to accelerate sales in the US market as well.
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.”