Capitola lands $15.6m Series A

• The capital infusion will be used for growth and sales
• In 2021, Capitola secured $5 million in Series Seed funding in a round led by Lightspeed Venture Partners
• Capitola was founded in 2021 by Naor Rosenberg, Amit Ben Nathan and Sivan Iram

Silicon Valley-based Capitola, a digital marketplace for commercial insurance, has raised $15.6 million in Series A funding.

Munich Re Ventures led the round.

The capital infusion will be used for growth and sales.

“The U.S. specialty risk market has grown exponentially over the last few decades and would benefit from a digital marketplace that streamlines processes and expands the option for insurance placement,” said Oshri Kaplan, managing director at Munich Re Ventures, in a statement. “We are excited by Capitola’s approach to this opportunity and are thrilled to support their journey.”

In 2021, Capitola secured $5 million in Series Seed funding in a round led by Lightspeed Venture Partners.

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, a provider of reinsurance, primary insurance, and insurance-related risk solutions. The firm has more than $1 billion in assets under management.