Novo (Financial Software) Overview
- Founded
- 2016
- Status
- Private
- Employees
- 126
- Latest Deal Type
- Series B
- Latest Deal Amount
- $90M
- Investors
- 17
Novo (Financial Software) General Information
Description
Developer of a digital banking platform intended to empower customers with their financial data and provide the most compelling banking experience. 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 all in one place, checking accounts in minutes, securely and easily with no minimum balance requirements.
Contact Information
Website
www.novo.co
Formerly Known As
Clear Financial
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Other Industries
Specialized Finance
Other Commercial Banks
Primary Office
- 43 West 23rd Street
- 3rd Floor
- New York, NY 10010
- United States
+1 (844) 000-0000
Novo (Financial Software) Timeline
Novo (Financial Software) Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 6. Later Stage VC (Series B) | 11-Jan-2022 | $90M | 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 | 00000 | Completed | Generating Revenue |
| 1. Accelerator/Incubator | 10-Aug-2017 | Completed | Generating Revenue |
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% |
Novo (Financial Software) Comparisons
Description
Primary
Industry
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Developer of a digital banking platform intended to empower customers with their financial data and provide the most com
Financial Software
New York, NY
126
As of 2022
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San Francisco, CA
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Berlin, Germany
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Request a free trialNovo (Financial Software) Competitors (39)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Mercury | Venture Capital-Backed | San Francisco, CA | 000 | 00000 | 000000000000 | 00000 |
| 0000000 | Venture Capital-Backed | Berlin, Germany | 000 | 000.00 | 000000000 | 000.00 |
| 000 | Venture Capital-Backed | Berlin, Germany | 0000 | 00.000 | 00000000000 | 00.000 |
| 000000 (00000 0000 | Venture Capital-Backed | London, United Kingdom | 000 | 00000 | 00000000000 | 00000 |
| 00000 | Venture Capital-Backed | London, United Kingdom | 0000 | 00.00 | 0000000000 0 | 00.00 |
Novo (Financial Software) Executive Team (3)
Novo (Financial Software) Board Members (2)
| Name | Representing | Role | Since |
|---|---|---|---|
| James Feuille JD | Crosslink Capital | Board Member | 000 0000 |
| Michael Rangel | Novo (Financial Software) | Co-Founder, Board Member & Chief Executive Officer | 000 0000 |
Novo (Financial Software) Signals
Growth Rate
0.80%
Weekly
Growth
Growth
Weekly Growth
0.80%, 93rd %ile
-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
PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.
Request a free trialNovo (Financial Software) Investors (17)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|---|---|---|---|---|
| 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 | |
| Hack VC | Venture Capital | Minority | 000 0000 | 000000 0 |