Novel Capital

About

A fintech growth platform providing revenue-based financing to B2B companies.

Overland Park,Kansas,United States
https://novelcapital.com/

Highlights

Details

Last Funding Type: Seed
Industries: Financial Services,FinTech,Impact Investing,Venture Capital
Founded date: Jan 1, 2018
Operating Status: Active
Also Known As: Novel Capital
Investor Type: Venture Capital,Venture Debt

Novel Capital’s fintech funding platform breaks down the traditional growth barriers faced by today’s B2B software companies. Their tech-first approach makes it easy for customers to leverage future recurring revenue for immediate access to non-dilutive capital. Paired with online data-driven insights and curated learning resources, the Novel platform empowers entrepreneurs to capitalize on their momentum.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

4

$115M

Novel Capital has raised a total of $115M in funding over 2 rounds. Their latest funding was raised on Jul 18, 2022 from a Seed round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jul 18, 2022	Seed	—	5	Ulu Ventures	—	Detail
Mar 17, 2022	Series Unknown	$115M	—	—	—	Detail
Mar 17, 2022	Debt Financing	—	—	—	—	Detail
Jul 1, 2021	Seed	—	1	—	—	Detail

Funds Raised

Announced Date	Fund Name		Money Raised
Dec 10, 2019	Fund I		$12.60M

Investments

Number of Investments

Number of Lead Investments

25

2

Novel Capital has made 25 investments. Their most recent investment was on Dec 30, 2022, when SWYE360 Learning raised 0.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Dec 30, 2022 SWYE360 Learning	Seed	—	Analytics	Yes
Jan 8, 2021 letus (previously RentMoola)	Debt Financing	—	Credit Cards	—
Dec 10, 2020 Reconciled	Debt Financing	—	Accounting	—
Nov 30, 2020 JobAdx	Debt Financing	—	Advertising	—
Nov 5, 2020 OnShore Technology Group	Debt Financing	—	Health Care	—