Novo is a digital banking platform that aims to offer entrepreneurs and small businesses no-fee solutions to help better track business spending and runway. With a mission to empower customers with their financial data, Novo features solutions such as funding, payroll, invoices, integrations, and partner perks. Novo was founded by Michael Rangel and Tyler McIntyre in 2016 and is headquartered in Miami, Fl.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/22/2022 | Series B-3 | $35MM | $xx.xx | $716.65MM | Ggv Capital | |
Price per Share
$xx.xx
Shares Outstanding
1,414,965
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Ggv Capital
|
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01/11/2022 | Series B-2 | $38.09MM | $xx.xx | $701.35MM | Boxgroup, Crosslink Capital, Rainfall Ventures, Stripes, Valar Ventures | |
Price per Share
$xx.xx
Shares Outstanding
1,583,778
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Boxgroup, Crosslink Capital, Rainfall Ventures, Stripes, Valar Ventures
|
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01/11/2022 | Series B-1 | $51.91MM | $xx.xx | $701.35MM | Boxgroup, Crosslink Capital, Rainfall Ventures, Stripes, Valar Ventures | |
Price per Share
$xx.xx
Shares Outstanding
2,158,659
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Boxgroup, Crosslink Capital, Rainfall Ventures, Stripes, Valar Ventures
|
||||||
06/16/2021 | Series A-3 | $3.4MM | $xx.xx | $120.38MM | Boxgroup, Crosslink Capital, Rainfall Ventures, Red Sea Ventures, Valar Ventures | |
Price per Share
$xx.xx
Shares Outstanding
2,176,720
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Boxgroup, Crosslink Capital, Rainfall Ventures, Red Sea Ventures, Valar Ventures
|
||||||
06/16/2021 | Series A-2 | $3.66MM | $xx.xx | $120.38MM | Boxgroup, Crosslink Capital, Rainfall Ventures, Red Sea Ventures, Valar Ventures | |
Price per Share
$xx.xx
Shares Outstanding
929,688
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Boxgroup, Crosslink Capital, Rainfall Ventures, Red Sea Ventures, Valar Ventures
|
||||||
06/16/2021 | Series A-1 | $34MM | $xx.xx | $120.38MM | Boxgroup, Crosslink Capital, Rainfall Ventures, Red Sea Ventures, Valar Ventures | |
Price per Share
$xx.xx
Shares Outstanding
6,925,772
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Boxgroup, Crosslink Capital, Rainfall Ventures, Red Sea Ventures, Valar Ventures
|
||||||
03/15/2019 | Series Seed-4 | $106,903.00 | $xx.xx | $14.63MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
239,212
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
03/15/2019 | Series Seed-3 | $123,383.00 | $xx.xx | $14.63MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
165,637
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
03/15/2019 | Series Seed-2 | $1.5MM | $xx.xx | $14.63MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
1,202,967
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
03/15/2019 | Series Seed-1 | $1.73MM | $xx.xx | $14.63MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
3,072,640
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|