Novo (Financial Software) Overview
- Founded
-
2016

- Status
-
Private
- Employees
-
306

- Latest Deal Type
-
Series B
- Latest Deal Amount
-
$125M
- Investors
-
19
Novo (Financial Software) General Information
Description
Developer of a financial platform intended to provide business deposit accounts to companies and is powered by a network of FDIC-insured community banks. 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
Financial Software
Other Industries
Specialized Finance
Other Financial Services
Primary Office
- 78 South West 7th Street
- 7th Floor
- Miami, FL 33130
- United States
Novo (Financial Software) Timeline
Novo (Financial Software) Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
6. Later Stage VC (Series B) | 22-Nov-2022 | $125M | 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 | 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 |
Novo (Financial Software) 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% |
Novo (Financial Software) Comparisons
Description
Primary
Industry
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Financing
Details
Developer of a financial platform intended to provide business deposit accounts to companies and is powered by a network
Financial Software
Miami, FL
306
As of 2023
00000
0000
0000-00-00
00000000000
00000
Novo (Financial Software) Competitors (45)
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
NorthOne | Venture Capital-Backed | Toronto, Canada | 00 | 0000 | 00000000000 | 0000 |
0000000 | Private Equity-Backed | Berlin, Germany | 000 | 000.00 | 000000000000 | 000.00 |
00000 | Venture Capital-Backed | San Francisco, CA | 0000 | 00.000 | 00000000000 | 00.000 |
000000 | Formerly VC-backed | San Francisco, CA | 000 | 00000 | 000000&0 | 00000 |
000000 | Venture Capital-Backed | Jacksonville, FL | 000 | 00000 | 0000000000 0 | 00000 |
Novo (Financial Software) Executive Team (4)
Novo (Financial Software) 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 (Financial Software) | Co-Founder, Chief Executive Officer & Board Member | 000 0000 |
Robin Li | GGV Capital | Board Observer | 000 0000 |
Saagar Kulkarni | Stripes | Board Member | 000 0000 |
Novo (Financial Software) Signals
Novo (Financial Software) Investors (19)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
---|---|---|---|---|---|
GGV Capital | Venture Capital | Minority | 000 0000 | 000000 0 | |
Stripes | Growth/Expansion | Minority | 000 0000 | 000000 0 | |
BoxGroup | Venture Capital | Minority | 000 0000 | 000000 0 | |
Valar Ventures | Venture Capital | Minority | 000 0000 | 000000 0 | |
Crosslink Capital | Venture Capital | Minority | 000 0000 | 000000 0 |