TLDR:
- Novel, a Capital Intelligence Platform company, raises $15 million in an oversubscribed Pre-Series A round led by IGNIA Partners and Ulu Ventures.
- The company’s innovative Capital-as-a-Service model provides founders with non-dilutive capital and essential tools for optimizing their capital stack to fuel growth and success.
Novel, a Capital Intelligence Platform company, recently announced a successful $15 million oversubscribed Pre-Series A round. The funding was co-led by IGNIA Partners and Ulu Ventures, with participation from MatterScale, Gaingels, and previous investors. This round significantly increased Novel’s total funding to over $130 million, further supporting its mission to revolutionize how tech founders fund and grow their businesses.
Central to Novel’s offering is its Capital-as-a-Service model, which provides founders with non-dilutive capital and strategic tools for optimizing their capital stack. By leveraging AI, real-time data, and a subscription-based approach, Novel empowers founders to make more informed fundraising decisions, enabling faster scaling and better exit strategies.
Through their Capital Intelligence platform, Novel has worked with over 350 SaaS companies, providing over $100 million in non-dilutive funding. Their innovative tools, such as the real-time CEO Dashboard and Valuation Tool, give founders valuable insights into their company’s performance and market position. The latest offering, VentureMatch, directly connects founders with top VC firms for equity financing.
CEO Carlos Antequera emphasizes Novel’s mission to democratize access to growth capital and support entrepreneurs in realizing their vision. CFO Adam Little praises Novel’s unique approach to growth and risk assessment, while Ulu Ventures Partner Steve Reale applauds the company’s product suite for addressing the needs of the SaaS ecosystem.
Novel’s revenue has seen significant growth, with projections to double in the coming year and achieve profitability within 18 months. With a customer-centric approach and a focus on enhancing traditional funding routes, Novel aims to transform the funding landscape for entrepreneurs and drive sustainable growth in the market.
