Capitola, a Mountain View, CA-based digital marketplace for commercial insurance, raised $15.6M in Series A funding.
The round was led by Munich Re Ventures with participation from Lightspeed Venture Partners.
The company intends to use the funds to accelerate the growth of its platform with a focus on its market intelligence capabilities and to accelerate sales in the U.S.
Founded in 2021 by Naor Rosenberg (CTO), Amit Ben Nathan (CPO) and Sivan Iram (CEO), Capitola provides a productivity and market intelligence platform that focuses on how broker teams work. Its platform organizes and manages complex, multi-layered programs with easy to use tools, creates customized client reports and proposals using automation features, and finds the right markets with up-to-date, AI-driven market intelligence. All this enables broker teams to strengthen relationships, expand their client base, and close more deals.
