Novinium Overview

  • Year Founded
  • 2003

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 162

Employees

  • Latest Deal Type
  • M&A

Novinium General Information

Description

Provider of cable rejuvenation services intended to aid utilities to protect people and property from dangerous manhole events. The company's cable rejuvenation products and services deliver reliability in a capital-efficient and environmentally sustainable way, enabling utilities to manage system reliability targets and complex technical challenges efficiently.

Contact Information

Website
www.novinium.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 22820 Russell Road
  • Kent, WA 98032
  • United States
Primary Industry
Cable Service Providers
Other Industries
Electrical Equipment
Acquirer
Southwire
Vertical(s)
Industrials, TMT
Corporate Office
  • 22820 Russell Road
  • Kent, WA 98032
  • United States

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Novinium Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Merger/Acquisition 25-Mar-2022 Completed Generating Revenue
7. Secondary Transaction - Private 01-Mar-2021 Completed Generating Revenue
6. Debt - PPP 08-Apr-2020 Completed Generating Revenue
5. Later Stage VC (Series D) 24-Mar-2015 Completed Generating Revenue
4. Later Stage VC (Series C) 31-Mar-2008 Completed Generating Revenue
3. Early Stage VC (Series B) 01-Feb-2007 Completed Generating Revenue/Not Profitable
2. Early Stage VC (Series B) 01-Dec-2006 $918K $2.62M Completed Generating Revenue/Not Profitable
1. Early Stage VC (Series A) 07-Feb-2006 $1.7M $1.7M Completed Generating Revenue/Not Profitable
To view Novinium’s complete valuation and funding history, request access »

Novinium Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series D
Series C
Series B 1,000,000 $0.010000 $1.75 $1.75 1x $1.75 5.93%
Series A 1,200,000 $0.010000 $1.43 $1.43 1x $1.43 7.12%
To view Novinium’s complete cap table history, request access »

Novinium Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of cable rejuvenation services intended to aid utilities to protect people and property from dangerous manhole
Cable Service Providers
Kent, WA
162 As of 2022

Carrollton, GA
 

Paris, France
 
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Novinium Competitors (6)

One of Novinium’s 6 competitors is Southwire, a Venture Capital-Backed company based in Carrollton, GA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Southwire Venture Capital-Backed Carrollton, GA
Nexans Corporation Paris, France
HELUKABEL Accelerator/Incubator Backed Hemmingen, Germany
Ducab Private Equity-Backed Dubai, United Arab Emirates
Indeco (Peru) Corporation Lima, Peru
To view Novinium’s complete competitors history, request access »

Novinium Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Novinium Former Investors (12)

Investor Name Investor Type Holding Investor Since Participating Rounds
Alliance of Angels Angel Group Minority
Bellingham Angel Investors Angel Group Minority
ClearSky Growth/Expansion Minority
Dave Kirkpatrick Angel (individual) Minority
E8 (Seattle) Angel Group Minority
You’re viewing 5 of 12 investors. Get the full list »

Novinium Acquisitions (1)

Novinium’s most recent deal was a Merger/Acquisition with UtilX for . The deal was made on 19-Mar-2015.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
UtilX 19-Mar-2015 Merger/Acquisition Other Commercial Services
To view Novinium’s complete acquisitions history, request access »

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Novinium FAQs

  • When was Novinium founded?

    Novinium was founded in 2003.

  • Where is Novinium headquartered?

    Novinium is headquartered in Kent, WA.

  • What is the size of Novinium?

    Novinium has 162 total employees.

  • What industry is Novinium in?

    Novinium’s primary industry is Cable Service Providers.

  • Is Novinium a private or public company?

    Novinium is a Private company.

  • What is Novinium’s current revenue?

    The current revenue for Novinium is .

  • How much funding has Novinium raised over time?

    Novinium has raised $80M.

  • Who are Novinium’s investors?

    Alliance of Angels, Bellingham Angel Investors, ClearSky, Dave Kirkpatrick, and E8 (Seattle) are 5 of 12 investors who have invested in Novinium.

  • Who are Novinium’s competitors?

    Southwire, Nexans, HELUKABEL, Ducab, and Indeco (Peru) are some of the 6 competitors of Novinium.

  • When was Novinium acquired?

    Novinium was acquired on 25-Mar-2022.

  • Who acquired Novinium?

    Novinium was acquired by Southwire.

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