Based in Overland Park, Kan., Novel offers a Capital Intelligence™ platform that combines AI and real-time data to help SaaS founders optimize fundraising and capital strategy. Its core products include a CEO Dashboard, a Valuation Tool, VentureMatch™, and a subscription-based Capital-as-a-Service model that removes transaction, draw, and pre-payment fees and warrants. Novel’s platform provides non-dilutive capital and data-driven scoring to quickly assess and deliver growth capital based on key metrics. To date the company has worked with 350+ SaaS companies and provided over $100M in non-dilutive funding. Novel reports revenue growth of 120%+ year-over-year as of Q1’24 and projects doubling growth in the coming year with a plan to reach profitability within the next 18 months. The company says the new capital will accelerate expansion of its Capital Intelligence™ platform and related services.

Total raised

$15M

Funding rounds

1

Latest round

Series A

Latest activity

May 2024