Novella, a New York-based artificial intelligence (AI)-powered wholesale insurance broker, has raised $21 million in funding.
Investors
The funding round was led by Brewer Lane Ventures, with participation from Box Group, Crystal Venture Partners, SV Angel, Avid Ventures, Verissimo Ventures, Blank Ventures, and global insurer Arch.
Brewer Lane Ventures is an early-stage venture firm focused on insurtech and fintech companies. Founded in 2019, the firm invests in seed and Series A companies that are transforming how consumers and businesses interact with financial services, insurance, banking, payments, and healthcare systems. Brewer Lane has backed companies across sectors, including AI-powered underwriting, wealth management infrastructure, digital health, and insurance automation.
Novella Use of Funds
The company will use the funding to recruit brokerage talent, enhance its AI-powered insurance platform, and expand its regional office footprint across the United States.
About Novella
Founded in 2024 by Max Kane, Michael Tsibelman, and Alex Broome, Novella is a New York-based wholesale insurance broker that leverages AI to automate operational tasks across the insurance placement lifecycle. The company develops AI agents that handle functions such as policy review, binding, billing, endorsements, renewals, inspections, and form comparisons. Headquartered in New York, Novella also operates an R&D center in Tel Aviv and has already launched offices in Miami and Houston in 2026. Novella is licensed in all 50 U.S. states and currently works with nearly 100 specialty carriers and MGAs.
Funding Details
Company: Novella
Raised: $21.0M
Round: Venture Funding
Funding Date: May 2026
Lead Investor: Brewer Lane Ventures
Additional Investors: Box Group, Crystal Venture Partners, SV Angel, Avid Ventures, Verissimo Ventures, Blank Ventures, Arch
Company Website: https://www.bynovella.com/
Software Category: AI Insurance Technology / Insurtech
Source: https://www.businesswire.com/news/home/20260514273285/en/