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The Venture Codex

Nova Founders Capital

21 Buckingham Gate, London, England, SW1E 6LB, United Kingdom

Overview

Nova Founders Capital is a global investment company that identifies opportunities for creating or investing in innovative internet businesses. They've launched multiple successful businesses in Asia-Pacific, LatAm and Europe, while following their goal of creating the next billion dollar financial tech giants. Nova Founders Capital can and do engage in all internet models, but place a strong emphasis on the financial services industry.

Total investments
5
Lead investments
1
Investments · 12mo
1
Active investors
0

Sector focus

  • Financial Services
  • FinTech
  • Venture Capital
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Investment portfolio

  • Neocad

    Participated · Seed · Apr 2026

    Founded at the end of 2024, Neocad is developing an AI agent designed to integrate with companies' CAD and PLM systems to surface project history, identify existing components and support generation of new models from simple textual inputs. The platform aims to turn an organization's design knowledge into an accessible, searchable asset to reduce design time and errors. Leadership comprises three young co-founders: CEO Luca Licciulli, COO & Head of Sales Alessandro Toia, and CTO Ahmed Shahhat, who leads the platform's engineering architecture. The company plans to focus initial commercialization on Italian manufacturing firms while pursuing international customers over time. Its recent €550,000 pre-seed raise will fund further technological development — with emphasis on system integrations — and market validation activities. Neocad positions its roadmap around generative design capabilities and broader adoption across SMEs and enterprise clients.

  • Hyphen Group

    Participated · Series B · Jul 2017

    Hyphen Group operates an online comparison platform for banking and insurance products focused on helping consumers across Asia make informed personal‑finance decisions. The company reports more than 8 million monthly users and partnerships with over 270 financial service providers. Founded in 2014 and rebranded from CompareAsia Group last year, Hyphen serves customers from Hong Kong and Singapore. Leadership is in transition after CEO Sam Allen resigned but will remain as a shareholder and advisor; interim CEOs Derek Fong and Kenneth Chan will work with president Prashant Aggarwal and CFO/COO Shaun Kraft. The firm endured several rounds of layoffs in 2022 after anticipated investment deals failed to close, and was reported to have explored a SPAC that could have implied a roughly $1 billion valuation. The recent capital raise and leadership changes appear aimed at stabilizing operations and supporting the comparison‑platform business across its markets. CompareAsiaGroup is a Hong Kong-based financial services marketplace that lets consumers comparison shop for bank accounts, personal loans, insurance, credit cards and other financial products. The platform claims 60 million users across Asian markets including Hong Kong, Singapore, Taiwan and Thailand. The company recently opened an R&D center in Singapore to develop additional tech tools. Its partnership with Experian will give it access to Experian One, a cloud-based credit scoring and risk assessment platform, and is intended to enable the launch of new open banking services in Hong Kong that can be adapted for other markets. CompareAsiaGroup has raised more than $90 million to date since its founding in 2014 and recently secured a $20 million B1 round led by Experian. The funding and access to Experian’s technology are expected to support further product development and regional fintech service expansion. CompareAsiaGroup runs localized online marketplaces that let consumers search and compare credit cards, loans and insurance across seven Asian markets using machine learning and AI to match products to users' needs and risk profiles. The company operates under different local brands (MoneyHero, HaloMoney, CompareHero, MoneyMax, SingSaver, Money101 and MoneyGuru) and claims more than 28 million people used its sites last year. It monetizes via revenue-sharing with about 100 partner brands and financial institutions, including American Express, HSBC, Standard Chartered and Citibank. CompareAsiaGroup assesses risk profiles using multiple data sources in each country (beyond credit bureaus) to adapt to low credit-card penetration in some markets. Launched in 2014, the company plans to use new funding to improve user experience across its sites and grow its team. Its product positioning emphasizes impartial, transparent recommendations to build consumer trust and retention. CompareAsiaGroup operates online platforms that let users compare banking, insurance and telecommunications products across markets in Asia. Headquartered in Hong Kong, it currently serves eight markets including Singapore, Taiwan, the Philippines, Indonesia and Malaysia and plans to launch a Vietnamese platform soon. The company reports it serves over 21 million users annually and says it aims to raise financial literacy, provide more choice for customers, and be a long-term partner to banks, insurers, telcos and utilities in Asia. Last year CompareAsiaGroup raised US$40 million in a Series A led by Goldman Sachs with participation from Mark Pincus, Route 66 Ventures and Nova Founders Capital. It is now the subject of a proposed US$25 million investment from the International Finance Corporation (IFC), the World Bank Group’s private equity arm. IFC says the investment aligns with its goals to address access gaps to financial services via fintech, improve financial literacy, and increase competitive pressure to lower costs in the market. CompareAsiaGroup operates comparison websites in eight Asian countries that let consumers compare credit cards, loans, insurance, and other financial products for free. The platform displays institutions that fit users’ requirements and partners with brands, charging partners when users sign up through its sites. It currently works with about 60 brands, including HSBC, Citibank, and Standard Chartered, and helps financial institutions reach customers without opening branches or hiring sales agents. The company plans to add more product categories, improve its platform technology, and expand within its existing markets before launching in new countries. Management says the firm will use its flexible IT infrastructure to enter additional markets in the future. Total funding to date supports these product and geographic expansion plans.

  • CompareEuropeGroup

    Participated · Series A · Jan 2017

    CompareEuropeGroup is a European price-comparison site that uses machine learning and other algorithms to aggregate and rank offers for services such as insurance, banking and telco in real time. Users enter a few parameters and receive dozens of tailored suggestions; the company earns a cut when users purchase through its site. Founded in 2015, CEG operates in five European markets but has deliberately avoided the highly competitive U.K. market and has no plans to enter. Management emphasizes data-driven technology to provide tailored results, help customers buy and manage products over time, and to target markets with limited financial comparison services. The company declined to disclose valuation or detailed financials but said it is experiencing significant growth across all its markets. The new funding will be used to launch new verticals, continue developing proprietary technology and algorithms, and invest in marketing to raise awareness and reach more users.

  • GlassesGroupGlobal

    Led · Series A · Jul 2015

    Founded in 2013 by Christopher Strauch, GlassesGroupGlobal operates online eyewear sites including GlassesOnline, GetGlasses, Glasses, and Glasses&Co. The company offers roughly 20,000 prescription glasses, contact lenses, and designer sunglasses from about 150 brands. It runs online shops in 14 markets, mainly across the Asia‑Pacific region (Malaysia, Singapore, Hong Kong, the Philippines, Taiwan, Thailand, Australia, and New Zealand) and is making inroads into Europe. GlassesGroupGlobal has offices in Kuala Lumpur and Berlin and employs about 75 people. The startup has raised $3 million in a recently closed Series A and $4.5 million in total to date. Management declined to disclose sales metrics but says the business is seeing strong growth across its markets and plans further expansion across Asia and Europe.

Team

No current team members are available.