Capitola in California Secures $15.6M in Funding Round Led by Munich Re Ventures

Capitola in California has raised $15.6 million in its Series A funding round led by Munich Re Ventures.

The firm reports this round will be used to grow Capitola’s platform with an emphasis on its market intelligence capabilities and to accelerate sales in the U.S. The round adds to a $5 million Series Seed round raised in 2021 led by Lightspeed Venture Partners, which also participated in this round.

Capitola is a digital marketplace for commercial insurance that connects brokers and carriers and uses AI-based risk appetite matching. Capitola was founded in 2021 by Naor Rosenberg, Amit Ben Nathan and Sivan Iram.

Munich Re Ventures is the venture capital arm of Munich Re.

Lightspeed is a multi-stage venture capital firm focused on the enterprise, consumer, fintech, and health sectors.