Tech Company Financing Transactions
Novi Funding Round
On 5/16/2019, Novi raised $7 million in Series A funding from Bill Wood Ventures and Cottonwood Venture Partners.
Transaction Overview
Company Name
Announced On
5/16/2019
Transaction Type
Venture Equity
Amount
$7,000,000
Round
Series A
Investors
Cottonwood Venture Partners (Jeremy Arendt)
Proceeds Purpose
The company intends to use the funds to scale its technology and team and invest in its well planning technology.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
1905 Aldrich St. 220
Austin, TX 78723
USA
Austin, TX 78723
USA
Phone
Website
Email Address
Overview
Novi is changing the way oil & gas operators make well investment decisions. We are committed to driving innovation in North American oil & gas operators, a critical component of the economy.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Scott Sherwood
President
Jon Ludwig
VP - Customer Service
John McDermott
VP - Engineering
Kevin Stambaugh
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