Novel Capital Closes Extension of Seed Funding Round

Novel Capital, the fintech Revenue Growth Platform that helps B2B businesses accelerate their growth, has announced a seed extension round led by Ulu Ventures, with additional participation from MatterScale, Edovate Capital, Tenzing Capital, and KCRise. 

Entrepreneurs are facing bigger challenges than ever before, while not always able to diagnose what is holding them back. The problems typically lie in three key areas: the need for growth capital, identifying the right metrics, and knowing what strategies equate to predictable revenue growth.

Novel's Revenue Growth Platform will help B2B Founders act upon the levers that accelerate growth. Customers can leverage their predictable revenue for on-demand access to non-dilutive capital that grows with them. By connecting their systems, they gain data-driven insights about their key barriers to revenue growth. The platform then pairs companies with machine learning-powered recommendations and actionable strategies to overcome those barriers.

"Early-stage Founders have passion and an idea, but they're still learning how to build their business. If they can identify their growth barriers and have the capital and strategies to overcome them, they will build businesses that can overcome any market challenge," said Carlos Antequera, CEO of Novel Capital. "The additional funding will accelerate the development of our Revenue Growth Platform and empower more businesses to achieve their next level of success."

​(Source: Fintech Finance)