Novo

Private

Austin, TexasFinTechhttps://www.trynovo.com/

Last Round

Debt

Aug 1, 2023

Est. Valuation

$755M

Total Funding Raised

$296.82M

Momentum

Quiet

No recent growth signals

Company Overview

Novo is a legal technology company that provides an AI-powered platform to automate the creation of medical chronologies and demand letters for personal injury law firms.

Sector

FinTech

Verticals

Digital Payments, Lending & Credit, Digital Banking, Accounting & Expense

Business Model

B2B

Customer Profile

Freemium, Payment Processing Fee, Revenue Share

AI Layer

Application

Keywords

business checking accountsmall business bankingneobankdigital banking platformchallenger bankfintech platformfreelancer bankingbranchless bankingworking capital loansinvoicing softwarebusiness fundingexpense managementaccelerated paymentsExpress ACHStripe integrationQuickBooks integration

Historical Pricing

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Caplight Momentum Score

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Novo Comps

Public and private peers based on sector, stage, and business model.

Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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Novo Funding Rounds

Historical fundraising activity

Round	Date	Amount Raised	Valuation	Investors	Sources
Debt	Aug 1, 2023
Series B	Jan 11, 2022
Series A	Jun 16, 2021
Seed	Mar 29, 2019
Seed	Sep 1, 2018

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Novo Investors

Notable investors and investment history

Investor	Rounds
Valar Ventures	Series B, Series A
Red Sea Ventures	Seed, Series A
Rainfall Capital	Series B, Series A, Seed
Plug and Play Tech Center	Seed
Victory Park Capital	Debt
Techstars	Seed, Accelerator
Crosslink Capital	Series B, Series A, Seed

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Market signals

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Aug 25, 2025
Grew 44% QoQ, from 9 to 13 employees.
Jul 21, 2025
Grew 56% QoQ, from 9 to 14 employees.

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Novo Filings

SEC and related filings with document metadata.

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Novo Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersAustin, Texas

Employee Range11

Year Founded2023

Last FundingAug 1, 2023

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