Tech Company Financing Transactions
Novo Funding Round
Novo closed a $90 million Series B funding round on 1/12/2022. Investors included Stripes Group, BoxGroup and Crosslink Capital.
Transaction Overview
Company Name
Announced On
1/12/2022
Transaction Type
Venture Equity
Amount
$90,000,000
Round
Series B
Investors
Stripes Group (Lead Investor) (Saagar Kulkarni)
Crosslink Capital (James Feuille)
Proceeds Purpose
Funding that it will use to build out its infrastructure (going from 24,000 customers to 150,000 is no small feat); to add in new products, specifically around lending; and to acquire more customers.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
43 W 23rd St.
New York, NY 10010
USA
New York, NY 10010
USA
Phone
Website
Email Address
Overview
Novo is a banking platform that provides better business deposit accounts to today's companies and is powered by a network of FDIC-insured community banks. Novo is bringing small business banking into the modern age with easy-to-use tools for founders on the go.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Rangel
Founder
Tyler McIntyre
VP - Operations
Pujish Amin
VP - Product Management
Miranda Garrido
Browse more venture capital transactions:
Prev: 1/12/2022: Chapter venture capital transaction
Next: 1/12/2022: Tul venture capital transaction
Share this article
About Our VC Transactions Data
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs