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The Venture Codex

NOVA

500 Edgewater Drive, Suite 585, Wakefield, MA, 01880, United States

Overview

Nova Ventures Group Corp. provides a full range of executive management services to both Nova Instruments LLC and Nova Metrix LLC. Nova Ventures Group has proven successful at increasing shareholder value through focused acquisition and strategic integration. Nova Instruments and Nova Metrix have grown and strengthened their competitive position in their respective markets through strategic assistance provided by Nova Ventures Group and its management team.

Total investments
6
Lead investments
0
Investments · 12mo
0
Active investors
5

Sector focus

  • Consulting
  • Developer Platform
  • Test and Measurement
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Investment portfolio

  • Spectrawave

    Participated · Series B · Sep 2024

    SpectraWAVE develops the HyperVue™ Imaging System, a 510k-cleared intravascular imaging platform that combines DeepOCT and near infrared spectroscopy (NIRS) to support coronary stenting decisions. The system emphasizes image quality and procedural efficiency with features such as no-flush catheter prep, fast and long pullbacks to reduce contrast use, and AI-driven workflow and image analysis. SpectraWAVE reported a strong reception during its initial U.S. launch and positions HyperVue as a central hub for future cath-lab enhancements. The company is also developing a wire-free physiology software add-on to assess coronary pressure drops using the same HyperVue hardware. The recent financing is intended to fund commercial expansion and product additions to HyperVue. SpectraWAVE was founded in 2017 and is located in Bedford, Mass. SpectraWAVE is developing an intracoronary medical imaging platform that integrates two state-of-the-art imaging technologies to deliver high-resolution plaque structure and content in coronary blood vessels. The product is designed to aid interventional cardiologists during stent optimization and to help assess patients' risk for future adverse events. The company announced a $13.2 million Series A-2 financing led by Deerfield Management, with follow-on investment from prior seed investors, to fund completion of product development and a regulatory filing. With the new funds SpectraWAVE will scale its team, development, and operations, and has recently appointed leaders in Image Analysis, Clinical Affairs, and Regulatory and Quality Affairs. It has also established a world-renowned Clinical Advisory Board of experts to support clinical strategy and adoption. SpectraWAVE is based in Bedford, MA and was founded in 2017.

  • Hawke's Brewing

    Participated · Equity · May 2024

    Founded in 2017 in Sydney, Hawke's Brewing produces a range of craft beers that leverage the likeness and legacy of former Prime Minister Bob Hawke. The partnership with Hawke directs brand royalties to environmental nonprofit Landcare Australia, giving the label a strong social-impact angle. Since launch, the brewery has grown its presence in the Australian craft beer market and now seeks to accelerate brand awareness and distribution. To support this growth, the company has tapped non-traditional funding models that pair capital with high-value media exposure. The latest initiative is a media-for-equity transaction that will supply discounted advertising inventory across major Australian outlets. Access to this advertising is expected to boost consumer reach and drive sales without immediate cash outlays for marketing. No revenue, production, or user metrics were disclosed in the article.

  • Enteligent

    Participated · Seed · Feb 2023

    Enteligent develops solar-powered DC-to-DC bidirectional EV chargers and NMax photovoltaic module-level power optimizers that increase rooftop solar yield and enable direct daytime charging from on-site solar. Its product lineup includes a long-dwell-time 25 kW DC-to-DC fleet charger supplied to a large logistics company and the pre-sale TLCEV T1 EVSE that delivers up to 12.5 kW of DC charging from solar. The company says its DC-coupled chargers avoid AC conversion losses, yielding up to 20% energy savings and recouping as much as 25% of electricity otherwise lost by traditional methods. Enteligent’s NMax MLPE provides rapid shutdown capabilities and panel-level performance data over PLC, producing an average 10% higher electricity yield on typical rooftop installations. The firm plans to use the new capital to scale commercialization of its PV optimizers and DC-to-DC charging platforms. Enteligent was selected for Taronga Ventures’ RealTechX ESG Impact program in 2023 as part of its go-to-market and ESG refinement activities. Enteligent develops solar power optimization and solar electric vehicle (EV) charging technologies, including a proprietary solar optimization platform and a DC-to-DC solar hybrid bi-directional EV charger. Its NMax photovoltaic module power optimizers use smart digital technology to dynamically adjust optimization and provide panel-level monitoring data, increasing rooftop yield, energy harvesting, and system reliability. The company's bidirectional DC solar EV chargers take DC electricity directly from solar, eliminating DC→AC→DC conversions and recouping up to 25% of electricity lost by traditional means. Products are positioned for residential, commercial, and industrial customers to maximize renewable energy output and enable daytime EV charging. Enteligent is led by founder and CEO Sean Burke and is based in Morgan Hill, California. The company raised $7 million in capital to fast-track commercialization of its technologies.

  • Treble

    Participated · Seed · Dec 2022

    Treble provides a cloud-based sound simulation and synthetic audio data generation platform for applications across buildings, cars, tech products and immersive reality. The company was founded in 2020 by acoustic engineers Dr Finnur Pind and Jesper Pedersen and launched its platform in 2023 after close to a decade of research. Treble’s proprietary simulation technology has been benchmarked to be more than 100x faster than existing sound simulation solutions. Within a year of launch the platform is being used by some of the largest companies in tech, buildings, audio and automotive, including three of the five leading global tech giants and the world’s largest engineering consulting firms. The company plans to expand its team, enhance R&D, forge new enterprise clients and tap into new markets. Treble has raised €11m in a Series A to support those plans. Treble Technologies develops a cloud-based virtual sound platform that connects with major gaming engines and 3D modelling software to simulate sound and spatial audio in virtual environments. The company’s proprietary technology is aimed at industries including construction, automotive, consumer electronics, and the metaverse. Treble was founded in 2020 by acoustic engineers Dr. Finnur Pind and Jesper Pedersen and is based in Reykjavík, Iceland. Notable users include architecture studios Henning Larsen and Bjarke Ingels Group, as well as engineering firm COWI. The company plans to use the new funding to accelerate its digital sound capabilities and scale its virtual sound platform. The article does not disclose revenue or other operating metrics.

  • Intus Care

    Participated · Series A · Nov 2022

    IntusCare builds predictive analytics platforms aimed at improving outcomes for geriatric care providers, with a focus on managing dual‑eligible, socially vulnerable, and clinically complex seniors. Its core offerings include solutions for revenue integrity, population health, and utilization management. The company plans to launch CareHub, a comprehensive care management platform, and expand its existing product suite. IntusCare also intends to accelerate its artificial intelligence research to enhance user experiences for healthcare providers and staff. Founded in 2019 and led by CEO Robbie Felton, the company is based in Providence, RI. The article reports a recent financing that increases the company’s capital base. Intus Care offers a SaaS platform that integrates with electronic health records, claims and accounting software to identify clinical risks and trends in long-term care facilities. The product surfaces individual patient snapshots and population-level patterns to help care coordinators, facility managers and social workers make proactive care plans. The company aims to scale a high-quality, high-value model of care nationwide by enabling organizations that provide care to use data to improve outcomes. Founders built the product to address disparate data across the long-term care continuum and to prevent events such as falls by identifying patterns. Intus plans to use new capital primarily to hire engineers, product staff, and sales and marketing personnel to accelerate growth. The startup reports 50% quarter-over-quarter revenue growth this year and operates as a SaaS business with care organizations as its customers. Intus Care offers a big-data platform that empowers long-term care providers and PACE Programs to use patient data for quality management and proactive identification of at-risk geriatric patients. Founded by Robbie Felton, Evan Jackson and Alex Rothberg, the company validated product-market fit and demonstrated meaningful platform usage across small rural and large urban PACE organizations. It recently raised an additional $3.1M to scale its impact, expand go-to-market efforts, and accelerate hiring to support growth. Short-term deployment of funds will focus on expanding partnerships with PACE Programs and embedding the technology into PACE quality playbooks. The company cites measurable outcomes from deployments, including a 60-patient Michigan PACE center that saved roughly $147,000 in three months after reducing inpatient admissions by 54%. Longer-term, Intus Care aims to serve all Medicare/Medicaid dual-eligible high-needs older adults and create a new standard for quality management in geriatric care. Intus Care builds a data-driven predictive analytics platform that helps long-term care facilities identify highest-risk patients and enable earlier interventions. The product integrates disparate EHR sources through customized onboarding, creating unique data fields and backend adjustments for each client to work around interoperability gaps. The team prioritizes frontline usability, designing tools for certified nursing assistants and multidisciplinary care teams to share information and coordinate on a single platform. While initially focused on value-based care organizations, Intus expects its insights to deliver value in fee-for-service settings as well. The company runs tight customer feedback loops (product champions, in-app feedback, focus groups) to drive iterative product development. Intus also leverages a diverse advisory board spanning geriatric providers, Fortune 50 technology leadership, and academic researchers. The startup has raised seed funding to support continued product development and commercialization.

Team

  • Jim Barbookles

    Chairman & CEO

  • Janet B.

    President

    LinkedIn
  • Karl Boone

    Nova Ventures

    LinkedIn
  • Tom Paquette

    Executive Vice President of Marketing