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Novo

company

About

Novo provides a digital banking platform for small business owners, entrepreneurs, and freelancers.

Details

Last Funding Type
Non-Equity Assistant
Industries
B2B,Banking,Financial Services,FinTech
Founded date
Jan 1, 2016
Number Of Employee
101 - 250
Operating Status
Active
Legal Name
Novo Platform Inc.
Also Known As
Bank Novo

Novo is a digital banking platform for small business owners, entrepreneurs, and freelancers. It provides better business deposit accounts to today’s companies and is powered by a network of FDIC-insured community banks.

The company was founded in 2018 by Tyler McIntyre and Michael Rangel and is headquartered in Miami, Florida.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
9
$170.50M
Novo has raised a total of $170.50M in funding over 2 rounds. Their latest funding was raised on Nov 22, 2022 from a Series B round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 22, 2022 Series B $35M 1 GGV Capital Detail
Jan 11, 2022 Series B $90M 5 Stripes Detail
Jun 16, 2021 Series A $40.70M 6 Valar Ventures Detail
Mar 29, 2019 Seed $4.80M 6 Crosslink Capital Detail
Mar 20, 2019 Pre-seed 1 Detail

Investors

Number of Lead Investors
Number of Investors
6
18
Novo is funded by 18 investors. GGV Capital and Stripes are the most recent investors.
Investor Name Lead Investor Funding Round
GGV Capital Yes Series B
Stripes Yes Series B
DCU FinTech Innovation Center Yes Non-Equity Assistant
BoxGroup Series B
Crosslink Capital Series B
Rainfall Ventures Series B
Valar Ventures Series B
Bossanova Investimentos Series A
Red Sea Ventures Series A
Hack VC Seed

Employee Profiles

Number of Employee Profiles
15
Novo has 15 current employee profiles, including Executive Michael Rangel
Executive
Executive
Executive
Board member
Employee