Novo (Commercial Banks) Overview

  • Year Founded
  • 2016

Year Founded

  • Status
  • Private

  • Employees
  • 424

Employees

  • Latest Deal Type
  • General Corporate Purpose

  • Latest Deal Amount
  • $125M

  • Investors
  • 19

Novo (Commercial Banks) General Information

Description

Developer of a banking platform designed to provide business deposit accounts to small businesses. The company's platform uses artificial intelligence technology with traditional depository accounts to offer a personalized banking experience powered by a network of FDIC-insured community banks, enabling small business owners, freelancers, and entrepreneurs to manage their business finances and checking accounts all in one place.

Contact Information

Website
www.novo.co
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Other Commercial Banks
Other Industries
Financial Software
Corporate Office
  • 78 South West 7th Street
  • 7th Floor
  • Miami, FL 33130
  • United States
+1 (844) 000-0000

Novo (Commercial Banks) Timeline

2021202220232024
Financing RoundCaptured Employee CountEstimated Employee Growth

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Novo (Commercial Banks) Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. General Corporate Purpose 01-Aug-2023 $125M 00000 Completed Generating Revenue
6. Later Stage VC (Series B) 22-Nov-2022 00000 00000 00000 Completed Generating Revenue
5. Later Stage VC (Series A) 16-Jun-2021 000.00 000.00 00000 Completed Generating Revenue
4. Debt - PPP 14-Apr-2020 00000 00.000 Completed Generating Revenue
3. Seed Round 01-Apr-2019 00.000 00.000 000.00 Completed Generating Revenue
2. Accelerator/Incubator 23-Oct-2017 $120K $120K 000 Completed Generating Revenue
1. Accelerator/Incubator 10-Aug-2017 Completed Generating Revenue
To view Novo (Commercial Banks)’s complete valuation and funding history, request access »

Novo (Commercial Banks) Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series B-3 00,000 00.000000 00.00 00.00 00 00.00 0.000
Series B-2 0,000,000 00.000000 000.00 000.00 00 000.00 0.000
Series B-1 0,000,000 00.000000 000.00 000.00 00 000.00 0.000
Series A-3 0,000,000 00.000000 00.00 00.00 00 00.00 0.000
Series A-2 000,000 00.000000 00.00 00.00 00 00.00 0.000
Series A-1 0,000,000 00.000000 00.00 00.00 00 00.00 00.000
Seed-4 000,000 00.000000 00.00 00.00 00 00.00 0.000
Seed-3 000,000 00.000000 00.00 00.00 00 00.00 0.000
Seed-2 1,202,967 $0.000100 $1.25 $1.25 1x $1.25 4.13%
Seed-1 3,072,640 $0.000100 $1.56 $1.56 1x $1.56 10.56%
To view Novo (Commercial Banks)’s complete cap table history, request access »

Novo (Commercial Banks) Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a banking platform designed to provide business deposit accounts to small businesses. The company's platfor
Other Commercial Banks
Miami, FL
424 As of 2024
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00000 0000000000 000
San Francisco, CA
000 As of 0000
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0000000000 0 00000

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00000 0000000000 000
San Francisco, CA
000 As of 0000
00.000
000000 - 000 00.000
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Novo (Commercial Banks) Competitors (46)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Mercury Venture Capital-Backed San Francisco, CA 000 00000 0000000000 0 00000
Varo Venture Capital-Backed San Francisco, CA 000 00.000 000000 - 000 00.000
Bento for Business Formerly VC-backed San Francisco, CA 00 000.00 000000&0 000.00
Kontist Private Equity-Backed Berlin, Germany 000 000.00 000000000000 000.00
N26 Venture Capital-Backed Berlin, Germany 0000 00.000 00000000000
You’re viewing 5 of 46 competitors. Get the full list »

Novo (Commercial Banks) Executive Team (5)

Name Title Board Seat Contact Info
Michael Rangel Co-Founder, Chief Executive Officer & Board Member
Tyler McIntyre Co-Founder, President, Chief Technology Officer & Board Member
Marcello Rossi Chief of Staff
Florian Gendeau Head of Finance
You’re viewing 4 of 5 executive team members. Get the full list »

Novo (Commercial Banks) Board Members (6)

Name Representing Role Since
Andrew McCormack Valar Ventures Board Member 000 0000
James Feuille JD Crosslink Capital Board Member 000 0000
Michael Rangel Novo (Commercial Banks) Co-Founder, Chief Executive Officer & Board Member 000 0000
Robin Li Notable Capital Board Observer 000 0000
Saagar Kulkarni Stripes Board Member 000 0000
You’re viewing 5 of 6 board members. Get the full list »

Novo (Commercial Banks) Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Novo (Commercial Banks) Investors (19)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Notable Capital Venture Capital Minority 000 0000 000000 0
Stripes Growth/Expansion Minority 000 0000 000000 0
Bossa Invest Venture Capital Minority 000 0000 000000 0
BoxGroup Venture Capital Minority 000 0000 000000 0
Valar Ventures Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 19 investors. Get the full list »

Novo (Commercial Banks) FAQs

  • When was Novo (Commercial Banks) founded?

    Novo (Commercial Banks) was founded in 2016.

  • Who is the founder of Novo (Commercial Banks)?

    Michael Rangel and Tyler McIntyre are the founders of Novo (Commercial Banks).

  • Who is the CEO of Novo (Commercial Banks)?

    Michael Rangel is the CEO of Novo (Commercial Banks).

  • Where is Novo (Commercial Banks) headquartered?

    Novo (Commercial Banks) is headquartered in Miami, FL.

  • What is the size of Novo (Commercial Banks)?

    Novo (Commercial Banks) has 424 total employees.

  • What industry is Novo (Commercial Banks) in?

    Novo (Commercial Banks)’s primary industry is Other Commercial Banks.

  • Is Novo (Commercial Banks) a private or public company?

    Novo (Commercial Banks) is a Private company.

  • What is Novo (Commercial Banks)’s current revenue?

    The current revenue for Novo (Commercial Banks) is 000000.

  • How much funding has Novo (Commercial Banks) raised over time?

    Novo (Commercial Banks) has raised $172M.

  • Who are Novo (Commercial Banks)’s investors?

    Notable Capital, Stripes, Bossa Invest, BoxGroup, and Valar Ventures are 5 of 19 investors who have invested in Novo (Commercial Banks).

  • Who are Novo (Commercial Banks)’s competitors?

    Mercury, Varo, Bento for Business, Kontist, and N26 are some of the 46 competitors of Novo (Commercial Banks).

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