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Novidea Secures Additional $30 Million from HarbourVest Partners, Bringing Total Series C to $80 Million

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–News Direct–

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform, today announced it has raised an additional $30 million from HarbourVest Partners, bringing its total Series C round to $80 million, joining existing investors Battery Ventures, Cross Creek, Israel Growth Partners (IGP), KT Squared, and JAL Ventures. To date, Novidea has raised $120 Million.

Over the last several years, Novidea has experienced hyper-growth, selling to leading insurance organizations across the globe. Novidea will leverage the investment to continue its journey to becoming an industry leader. Funds will be used for continued organic expansion to additional territories to meet growing demand, as well as to accelerate product innovation and support the execution of Novideas inorganic growth strategy.

We are delighted to partner with Novidea to support the companys next phase of growth. We have invested in the insurance brokerage sector for years and have been impressed by the operational efficiencies that Novideas software solution delivers for brokers, said Corentin du Roy, Managing Director, HarbourVest Partners. We look forward to supporting the Novidea team as they continue to scale their activities internationally.

Digital transformation is the top priority for insurance organizations worldwide. As a result, technology spending in this sector is expected to grow by more than 25 percent by 2026. Innovative technology solutions that address the most urgent pain points, such as improving data quality and access, providing a seamless digital customer experience, and reducing repetitive processes for the insurance workforce, are in high demand. Earlier this year, Novidea released a comprehensive report underscoring the massive opportunity for Insurtechs, revealing that 75% of global insurance businesses plan to change their core technology in the next two years.

We are thrilled to welcome HarbourVest as our newest investment partner, along with our existing investors, said Roi Agababa, CEO of Novidea. The insurance sector is at a major inflection point, and we see significant growth potential as more organizations transition away from legacy technology in favor of innovative, modern solutions. With this investment, Novidea will have the resources we need to further refine our product, expand our operations into new territories, and explore the possibilities of making strategic acquisitions in this space.

Novideas cloud-native software platform enables insurance agents, brokers, MGAs, wholesalers, and specialty insurers to automate repetitive processes, drive operational efficiencies, and increase business resilience to stay competitive and provide a better customer experience. Over the last three years, Novidea has increased its headcount in multiple global regions, including the UK, North America, and Europe. The company also launched in Southeast Asia in late 2023.

The company has recently augmented its senior leadership, including Chief Financial Officer Eran Ben Ezer, Chief Customer Officer Yaniv Cohen, Chief Technology Officer Erez Nissim, and Chief Revenue Officer Jeffrey Heine.

About Novidea

Novidea is the leading Insurtech provider of a cloud-native, data-driven insurance management system. With its open API architecture, Novidea enables brokers, agents, MGAs, and carriers to modernize and manage the customer journey end-to-end and drive growth across the entire insurance distribution lifecycle. Novidea's streamlined and automated platform fully integrates front, middle, and back offices. The Novidea platform boosts operational efficiency while providing a seamless digital experience for team members and customers alike. Insurance businesses benefit from a 360-degree view of customers and policies and can access data and actionable insights anytime, anywhere, and on any device. Novidea supports more than 100 customers across 22 countries. Novidea has been awarded for its outstanding contribution to technology and innovation from the London Market Forum, the Insurtech100 list of the worlds most innovative Insurtechs, and AIFintech 100.

Contact Details

Michelle Barry

+1 603-809-2748

Michelle.barry@chameleon.co

Simon Hayes

+44 7771 516544

simon@nextgencomms.com

Company Website

https://novidea.com/

View source version on newsdirect.com: https://newsdirect.com/news/novidea-secures-additional-30-million-from-harbourvest-partners-bringing-total-series-c-to-80-million-633753773

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Press Release

Sky-Blue Sets New Standards in Aviation with Custom-Designed, Eco-Friendly In-Flight Products

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Reading, UK, 19th October 2024, ZEX PR WIREThe global aviation industry is evolving, with airlines seeking innovative, sustainable solutions to enhance passenger experience while addressing environmental concerns. Sky-Blue, a leading designer and supplier of in-flight products, is rising to meet these demands. From eco-friendly textiles to bespoke amenity kits, Sky-Blue offers a unique blend of design-driven innovation and expert sourcing solutions, ensuring airlines worldwide can provide a superior, environmentally responsible service to their passengers. More information can be found at https://www.sky-blue.uk.

Elevating the Passenger Experience

Sky-Blue understands that every airline has its own identity, brand message, and passenger expectations. By offering bespoke design services, Sky-Blue allows airlines to curate in-flight products that perfectly reflect their brand and enhance the overall passenger experience. From luxurious amenity kits to customized cutlery and elegant glassware, Sky-Blue designs products that not only look beautiful but also perform flawlessly, creating lasting impressions in the sky.

“We believe that innovation and sustainability can go hand in hand,” said a spokesperson for Sky-Blue. “Our in-house design team works closely with our clients to ensure every product we deliver is tailored to their needs, while also contributing to a greener future for the airline industry.”

Sky-Blue’s offerings include a wide range of in-flight products, such as:

  • Amenity Kits: Personalized, premium kits for all cabin classes, featuring eco-friendly materials and innovative designs.

  • Cutlery & Tableware: Lightweight, durable, and elegant dining solutions, ranging from stainless steel to biodegradable materials.

  • Textiles: Sustainable fabrics for blankets, pillows, and napkins that are both soft and environmentally responsible.

  • Glassware: Beautiful, high-quality glassware collections, including stemless options for wine, champagne, and spirits.

  • Serving Items & Galley Equipment: Functional yet stylish items designed to enhance in-flight food service.

Whether you’re catering to first-class passengers or providing efficient, durable products for economy cabins, Sky-Blue ensures that each product reflects the highest standards of quality and innovation.

Design-Driven Innovation

What sets Sky-Blue apart is its focus on design-driven innovation. Sky-Blue’s in-house design team uses cutting-edge 3D visualization technology to work hand-in-hand with airline partners, creating products that are both visually appealing and technically sound. This close collaboration ensures that every detail, from the material selection to the final product design, aligns with the airline’s brand identity and the functional needs of in-flight service.

One of Sky-Blue’s flagship offerings is its Bone-China Collection—a timeless blend of sophistication and practicality. Lightweight yet durable, this collection redefines the dining experience onboard, particularly in first and business class. Alongside this, their Sky-Blue Tableware Collection provides an extensive range of durable and elegant options that balance design with function.

Sustainability at the Core

In a world where environmental responsibility is more critical than ever, Sky-Blue is committed to offering products that help reduce the aviation industry’s carbon footprint. This commitment to sustainability is evident in their extensive use of recyclable, biodegradable, and reusable materials.

“As the airline industry works towards reducing its environmental impact, we’re proud to be at the forefront, offering products that not only deliver on quality but also contribute to a more sustainable future,” the spokesperson added.

From using eco-friendly textiles to creating biodegradable amenity kits and tableware, Sky-Blue ensures that airlines can offer passengers the very best in comfort and convenience while staying mindful of the planet. The company’s Sustainability Vision focuses on leading the industry toward using fully recyclable and compostable in-flight products, setting a new standard for eco-conscious air travel.

Expert Sourcing and Logistics

Sky-Blue has built a strong reputation for its expert sourcing and logistical capabilities. The company boasts an extensive network of trusted factories, ensuring that all products meet the highest standards of quality and are delivered on time. This network, combined with Sky-Blue’s own distribution facility and logistical framework, guarantees reliable service, allowing airlines to maintain smooth operations and ensure passenger satisfaction.

From sourcing cutlery to managing the entire logistical supply chain, Sky-Blue is a trusted partner for airlines seeking seamless integration of in-flight products into their service offerings.

Curating Excellence for Every Cabin Class

Sky-Blue’s diverse product range caters to all cabin classes, from first and business class to premium economy and economy. Their ability to customize products for different levels of service allows airlines to provide passengers with a consistent, high-quality experience, no matter where they are seated.

  • First/Business Class: Elevate luxury with bespoke bone china, premium textiles, and custom-designed glassware.

  • Premium Economy: Offer a touch of elegance with tailored cutlery, serving items, and textiles designed for comfort.

  • Economy: Provide functional, durable products that balance practicality and design, ensuring passengers enjoy a seamless experience.

With Sky-Blue, every airline has the opportunity to differentiate itself, offering passengers not just a flight but an unforgettable experience.

Bespoke Design Services: Bringing Your Vision to Life

At the heart of Sky-Blue’s offerings is its bespoke design service. Sky-Blue’s design team works closely with airlines to create products that are fully customized, ensuring that every detail is perfect. Whether it’s creating unique patterns, choosing sustainable materials, or adding brand logos, Sky-Blue ensures that every product is tailor-made to meet the airline’s specific needs.

“Bespoke products allow airlines to reinforce their brand identity,” said the spokesperson. “With custom-made products, airlines can offer passengers something truly unique, setting them apart in a competitive industry.”

By incorporating the airline’s brand elements into the design, Sky-Blue’s bespoke solutions create products that feel cohesive, luxurious, and memorable.

A Trusted Partner in the Skies

With years of experience and a reputation for excellence, Sky-Blue has become the trusted partner for airlines seeking to enhance their in-flight product offerings. Sky-Blue’s expertise in design, sourcing, and sustainability, combined with its commitment to delivering bespoke, high-quality products, makes it the go-to supplier for airlines around the globe.

Sky-Blue’s mission is to revolutionize the airline industry by designing and supplying bespoke, sustainable products that enhance the passenger experience, while their vision is to set new industry standards in inflight comfort and environmental responsibility.

For more information about Sky-Blue’s products and services, visit www.sky-blue.uk, or contact them at +44 (0)118 958 9524 or via email at info@sky-blue.uk.

About Sky-Blue

Sky-Blue is a leading designer and supplier of bespoke in-flight products for the global airline industry. Offering everything from custom-designed tableware and glassware to eco-friendly textiles and amenity kits, Sky-Blue focuses on creating innovative, sustainable solutions that enhance the passenger experience. With a commitment to environmental responsibility, Sky-Blue works closely with airlines to deliver products that not only meet their needs but also help reduce their carbon footprint. Based in Reading, UK, Sky-Blue serves airlines worldwide, bringing excellence to the skies one product at a time.

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Press Release

Canadian Cat-Owners Assured Peace of Mind with CatKing Cattery’s After-Sales Guarantee

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Enjoy Unmatched Support and Care for Your Feline Friend with CatKing Cattery’s Comprehensive After-Sales Guarantee for Canadian Cat Owners.

Ontario, Canada, 19th October 2024, ZEX PR WIRECatKing Cattery, a premier breeder of British Shorthair and British Longhair kittens, proudly announces its commitment to providing Canadian cat owners with unparalleled peace of mind through its comprehensive after-sales guarantee. This initiative underscores CatKing Cattery’s dedication to ensuring the well-being of their kittens and the satisfaction of their clients, fostering lasting relationships that extend well beyond the adoption process.

Located in Ontario, CatKing Cattery has established itself as a leading name in the feline breeding community. As a legally registered cattery under TICA and CFA, it adheres to the highest standards of care and breeding practices. Each kitten is raised in a nurturing environment, receiving ample love, socialization, and attention, which contribute to their friendly and affectionate temperaments.

“Our mission is not just to place a kitten in a home but to create lasting relationships with our clients. Our after-sales guarantee reflects our commitment to supporting our families as they welcome a new furry member into their lives.” -a spokesperson from CatKing Cattery.

One of the standout features of CatKing Cattery’s after-sales guarantee is the extensive support it offers to new cat owners. From dietary guidance and grooming advice to behavioural consultations, CatKing Cattery ensures that clients have access to essential information that contributes to the well-being of their kittens. This proactive approach alleviates common concerns that first-time cat owners may face, allowing them to focus on enjoying their new companionship.

In addition to ongoing support, CatKing Cattery prioritizes the health and safety of its kittens. Before leaving the cattery, each kitten undergoes thorough veterinary examinations and health screenings. Clients receive detailed documentation of their kitten’s health history, ensuring transparency and peace of mind. “We take great pride in our breeding practices and the health of our kittens,” the spokesperson adds. “Our after-sales guarantee is an extension of that commitment, providing reassurance to our clients that they are well taken care of.”

The dedication to excellence at CatKing Cattery extends to the selection of breeding stock. The cattery’s kittens are not only stunning but also possess the ideal temperaments sought by cat lovers. With a proven track record of success in international competitions, CatKing Cattery emphasizes both physical beauty and personality in its breeding program. This focus on breeding healthy, well-mannered kittens ensures that families receive delightful companions capable of enriching their lives.

Whether you reside in Toronto, Vancouver, Calgary, or any other part of Canada, prospective cat owners can feel confident when choosing CatKing Cattery. The after-sales guarantee serves as a testament to the cattery’s dedication to the well-being of both their kittens and the families who adopt them. “We want our clients to know they are never alone on this journey,” the spokesperson remarks. “We are here for them and their kittens, ensuring a happy, healthy relationship for years to come.”

CatKing Cattery invites cat enthusiasts to explore their selection of British Shorthair and British Longhair kittens and experience the joy of cat companionship backed by the assurance of comprehensive after-sales support.

About CatKing Cattery

CatKing Cattery is a legally registered establishment in Ontario, Canada, specializing in breeding British Shorthair and British Longhair kittens. With a commitment to health, temperament, and ongoing support for new cat owners, CatKing Cattery ensures a smooth and rewarding experience for families welcoming a new feline companion into their homes.

Contact Information

Website: https://www.catking.ca

Phone Number: 647 – 994 – 3210

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Press Release

TADA mini Success Fuels MVL’s Tokenomics Upgrade For Sustainable Growth

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MVL, a blockchain mobility company, has unveiled an advanced tokenomics plan, building on the remarkable success of TADA mini’s launch. MVL revealed that the utility of its MVL token will be significantly enhanced as TADA mini continues to grow.

TADA mini, which launched in September 2024 at Singapore’s TOKEN2049, saw over 15,000 users experience this groundbreaking mobility service during the event. As the first-ever Web3 ride-hailing service available as a Telegram mini app, TADA mini allows users to easily book rides using a variety of cryptocurrencies through a connected digital wallet. With no complicated sign-ups required, users can instantly access the service within Telegram, benefiting from TADA’s extensive network of over 300,000 drivers and a high matching rate. These innovative features have positioned TADA mini as a key player in the mainstream adoption of Web3.

MVL emphasized that the growth of TADA mini will be closely tied to the economic utility of MVL tokens, which will be strengthened in several ways:

  1. Supporting MVL Token and Incentivizing Transactions: MVL is updating TADA mini to support $MVL tokens. Users who utilize MVL tokens for rides will receive additional benefits, which is expected to drive demand and increase transaction volume.
  2. Corporate Staking for Token Lockups: Partner companies across various Layer 1 blockchains, cryptocurrencies, and digital wallets will be required to use MVL tokens to integrate with TADA mini. Through a corporate staking mechanism, partners will acquire MVL tokens from the market and lock them on-chain, driving up demand and value for the token.
  3. MVL Token Buyback: MVL plans to reinvest cryptocurrency transaction fees by purchasing MVL tokens from the market and storing them in its on-chain treasury.
  4. MVL Token Usage in TADA mini Promotion Features: TADA mini is also providing services like event promotion and user incentive programs. During TOKEN2049, for example, TADA mini collaborated with prominent Web3 projects such as Blum, Bitget, and TON Society, offering banner ads and event recommendations. MVL tokens will continue to be used for such promotional services.

MVL’s Chief Innovation Officer, James Yang, remarked, “TADA mini has demonstrated the real-world use of digital assets in practical applications, and we’re seeing interest from prominent projects in collaborating with TADA mini. Going forward, the MVL token will play a crucial economic role within TADA mini, and its growth will be mirrored by the expansion of the MVL token ecosystem.”

This announcement marks an important step in MVL’s commitment to enhancing the long-term utility and sustainability of its token, ensuring its pivotal role in the evolving landscape of Web3 mobility services.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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