Novo
PrivateLast Round
Debt
Aug 1, 2023
Est. Valuation
$755M
Total Funding Raised
$330.74M
Momentum
Top 25%
of companies Caplight tracks
Company Overview
Novo is a fintech company that offers a banking platform tailored for small businesses, combining artificial intelligence with traditional deposit accounts to deliver a personalized banking experience through a network of FDIC-insured community banks.
Sector
FinTech
Verticals
Digital Banking, Digital Payments, Lending & Credit, Accounting & Expense
Business Model
B2B
Customer Profile
Payment Processing Fee, Freemium, Services & Consulting
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Novo Comparables
Compare Novo with similar companies based on industry and business-model similarity.
Novo Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Debt | Aug 1, 2023 | ||||
| Series B Extension | Nov 22, 2022 | ||||
| Series B | Jan 11, 2022 | ||||
| Series A | Jun 16, 2021 | ||||
| Seed | Mar 29, 2019 | ||||
Accelerator | Sep 10, 2018 |
Key People
Founding team and executive leadership
Novo Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Valar Ventures | Series B Extension, Series B, Series A |
| Red Sea Ventures | Seed, Series A |
| Rainfall Capital | Seed, Series A, Series B Extension, Series B |
| Victory Park Capital | Debt |
| Techstars | Accelerator |
| Crosslink Capital | Series A, Series B Extension, Series B, Seed |
| Magic Fund | Series A |
Market signals
Structured signals derived from secondary market and firmographic data.
- May 22, 2026
Powered by banking partner Middlesex Federal Savings, F.A.
- May 22, 2026
Integrating with Stripe, Square, QuickBooks, Xero, Gusto, Slack, and Zapier.
Novo Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Novo's valuation, stock price, and market status.