Novo Overview
- Founded
- 2016
- Status
- Private
- Employees
- 32
- Latest Deal Type
- Seed
- Latest Deal Amount
- $6.54M
- 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
Website
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
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
| 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)
| 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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