# Novariant

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/novariant

- Industry: Industrial Machinery
- Headquarters: Fremont, US
- Website: www.novariant.com
- Total disclosed funding: $60M
- Latest round: Series D (Oct 31, 2008)
- Investors on record: 11

## About

Novariant Inc. specializes in providing precision agriculture solutions that enhance farming efficiencies through GPS technology and data analytics, aiding farmers in optimizing their operations.Founded in 1994 and headquartered in Fremont, US, Novariant Inc. focuses on precision agriculture technology. The company's team includes founders Alex Pham, Chris Nasr, Rotimi Ajala, and Steven Morales, with Erling Valvik as CEO. Novariant has raised a total of USD 4.50 mn across 6 deals, with the most recent funding round being a Venture Debt round on December 5, 2011, amounting to USD 10.00 mn, led by BlueCrest Capital Finance.Novariant delivers advanced precision agriculture solutions designed to improve farming efficiency and productivity. Their main product is a software platform that leverages GPS technology and data analytics to assist farmers in making informed decisions regarding planting, fertilization, and harvesting, offering real-time insights and operational guidance. The company caters to a wide range of clients, including agricultural producers, equipment manufacturers, and agronomists in North America and Europe, addressing challenges in resource management and yield optimization for both large-scale operations and smaller farms.Novariant's revenue model is based on subscription services and direct software solution sales. Clients typically enter into annual subscription agreements that provide access to the precision agriculture platform, including ongoing updates and technical support. The company facilitates transactions directly with agricultural enterprises, ensuring tailored solutions for specific operational needs. While specific pricing details are not publicly disclosed, revenue streams are likely supported by collaborations with equipment manufacturers for integrated solutions.With the recent funding of USD 10.00 mn raised on December 5, 2011, Novariant plans to strengthen its product offerings and expand into new geographic markets. The company aims to launch innovative features within its precision agriculture platform by the end of 2022, targeting growth in regions such as South America and Asia. This funding will be utilized to enhance product development and support market entry strategies.

## Funding rounds

- Series D, Oct 31, 2008, $40M — Clearstone Venture Partners, Sierra Ventures, Ridgewood Capital, Yasuda Enterprise Development, Patricia Industries, Argonaut Private Capital, Kirlan Venture Capital, Pacifica Fund
- Series C, Oct 11, 2007, $3.3M — Clearstone Venture Partners, RedShift Ventures
- Series C, Aug 27, 2007, $1M — Arcturus Capital, Clearstone Venture Partners, RedShift Ventures
- Series C, Mar 22, 2005, $16M — Arcturus Capital, Clearstone Venture Partners, RedShift Ventures, Yasuda Enterprise Development, Argonaut Private Capital, Pacifica Fund, Marubeni Corp

## Investors

- Arcturus Capital (https://capitalatlas.ai/funds/arcturus-capital) — Series C
- Clearstone Venture Partners (https://capitalatlas.ai/funds/clearstone-venture-partners) — Series C, Series D
- RedShift Ventures (https://capitalatlas.ai/funds/redshift-ventures) — Series C
- Yasuda Enterprise Development (https://capitalatlas.ai/funds/yasuda-enterprise-development) — Series C, Series D
- Argonaut Private Capital — Series C, Series D
- Pacifica Fund (https://capitalatlas.ai/funds/pacifica-fund) — Series C, Series D
- Marubeni Corp — Series C
- Sierra Ventures (https://capitalatlas.ai/funds/sierra-ventures) — Series D
- Ridgewood Capital (https://capitalatlas.ai/funds/ridgewood-capital) — Series D
- Patricia Industries (https://capitalatlas.ai/funds/patricia-industries) — Series D
- Kirlan Venture Capital (https://capitalatlas.ai/funds/kirlan-venture-capital) — Series D