Novel Capital is a Kansas City, MO-based fintech Revenue Growth Platform led by CEO Carlos Antequera. The platform enables B2B founders to act upon levers that accelerate growth by connecting their core systems and analyzing key company data points. Customers can leverage predictable revenue for on-demand access to non-dilutive capital that grows with them and can access additional capital as they continue to generate more revenue. Novel pairs companies with machine learning-powered recommendations and actionable strategies to overcome identified revenue barriers. Entrepreneurs enter basic company information, connect core systems, and the platform analyzes data to identify growth barriers and determine the amount of capital they can access. The company completed a seed extension round led by Ulu Ventures with participation from MatterScale, Edovate Capital, Tenzing Capital, and KCRise; the amount raised was undisclosed. Novel Capital operates an online revenue-based financing platform that offers entrepreneurs on-demand access to growth capital. The company provides two products: RevShare Capital™, which advances up to 30% of expected annual revenue in exchange for a share of future monthly revenue over 36 months, and Upfront Capital™, which gives instant access to future subscription revenue for a single upfront fee. Entrepreneurs submit basic company information and connect financials and bank accounts; Novel Capital analyzes key data points to determine capital availability and enables access to additional capital on demand as revenue grows. Led by CEO Carlos Antequera and COO Keith Harrington, the company plans to use the funds to continue expanding operations and business reach. The articles report Novel Capital raised $115M in initial equity and debt funding; backers remained undisclosed.

Total raised

$115M

Funding rounds

3

Latest round

Equity

Latest activity

Mar 2022