Novo (Financial Software) Overview

  • Founded
  • 2016

Founded
  • Status
  • Private

  • Employees
  • 306

Employees
  • 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

2020202120222023
Financing RoundCaptured Employee CountEstimated Employee Growth

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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
To view Novo (Financial Software)’s complete valuation and funding history, request access »

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%
To view Novo (Financial Software)’s complete cap table history, request access »

Novo (Financial Software) Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
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
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Toronto, Canada
00 As of 0000
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Berlin, Germany
000 As of 0000
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000000000000 000.00
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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
You’re viewing 5 of 45 competitors. Get the full list »

Novo (Financial Software) Executive Team (4)

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
Florian Gendeau Head of Finance
LauraLee Leon Head of People
To view Novo (Financial Software)’s complete executive team members history, request access »

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
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Novo (Financial Software) 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 (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
You’re viewing 5 of 19 investors. Get the full list »