Novo

Novo Overview

  • Founded
  • 2016
Founded
  • Status
  • Private
  • Employees
  • 32
Employees
  • Latest Deal Type
  • Seed
  • Latest Deal Amount
  • $6.54M
Latest Deal Amount
  • Investors
  • 10

Novo General Information

Description

Developer of a digital banking platform intended to empower customers with their financial data and provide the most compelling banking experience. The company's business banking platform uses artificial intelligence technology with traditional depository accounts to offer a personalized banking experience, enabling individual and business clients to manage their business finances all in one place.

Contact Information

Formerly Known As
Clear Financial Corp., Novo Financial Corp.
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Other Industries
Other Commercial Banks
Primary Office
  • 43 West 23rd Street
  • 6th Floor
  • New York, NY 10010
  • United States
+1 (844) 000-0000

Novo Timeline

2017201820192020
Financing RoundCaptured Employee CountEstimated Employee Growth
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Novo Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Seed Round 01-Apr-2019 $6.54M 00.000 000.00 Completed Generating Revenue
2. Accelerator/Incubator 23-Oct-2017 00000 00000 00000 Completed Generating Revenue
1. Accelerator/Incubator 10-Aug-2017 Completed Generating Revenue

Novo Cap Table

To view Novo‘s complete cap table, request access »
Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Seed-4 000,000 00.000000 00 00.00 00.00 00 00.00 0.000
Seed-3 000,000 00.000000 00 00.00 00.00 00 00.00 0.00
Seed-2 1,202,967 $0.000100 8% $1.25 $1.25 1x $1.25 10.16%
Seed-1 3,072,640 $0.000100 8% $1.56 $1.56 1x $1.56 25.95%

Novo Competitors (6)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing
Amount
Tandem Bank Venture Capital-Backed London, United Kingdom 00 00000 0000000000 00000
00000 Venture Capital-Backed London, United Kingdom 0000 00000 00000000000 00000
0000 Corporate Backed or Acquired San Francisco, CA 000000000000
00000 (0000000 000 Venture Capital-Backed Austin, TX 00 00.000 0000000000 0 00.000
000000 Corporation Warsaw, Poland 000

Novo Executive Team (2)

Name Title Board Seat Contact Info
Michael Rangel Co-Founder, Board Member & Chief Executive Officer
Tyler McIntyre Co-Founder, Board Member & Chief Technology Officer

Novo Board Members (3)

Name Representing Role Since
James Feuille JD Crosslink Capital Board Member 000 0000
Michael Rangel Novo Co-Founder, Board Member & Chief Executive Officer 000 0000
Tyler McIntyre Novo Co-Founder, Board Member & Chief Technology Officer 000 0000

Novo Investors (10)

To view Novo‘s full investor history, request access »
Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Crosslink Capital Venture Capital Minority 000 0000 000000 0
Hack VC Venture Capital Minority 000 0000 000000 0
Rainfall Ventures Venture Capital Minority 000 0000 000000 0
Red Sea Ventures Venture Capital Minority 000 0000 000000 0
Right Side Capital Management Venture Capital Minority 000 0000 000000 0

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