# Novel Capital

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/novel-capital

- Industry: Financial Services
- Headquarters: Overland Park, US
- Website: www.novelcapital.com
- Latest round: Seed (Jul 18, 2022)
- Investors on record: 5

## About

Based in Kansas, US, and founded in 2018 by CEO Carlos Antequera, and COO Keith Harrington, Novel Growth Partners Management, LLC, a.k.a. Novel Capital is a financial technology company that offers a revenue growth platform that helps B2B software companies accelerate their growth. In July 2022, Novel Capital raised seed funding led by Ulu Ventures, with participation from Edovate Capital, KCRise Fund, MatterScale Ventures, and Tenzing Capital Management. As of July 2022, the company employs about 18 people.

The company’s product line includes RevShare Capital, a platform that allows companies to get about 30% of their total annual revenue as funding to accelerate their business growth. Novel Capital also provides Upfront Capital, allowing companies to turn their subscription revenue into cash. In addition, the firm provides non-dilutive growth capital of about USD 100k to USD 1 million to B2B software companies with minimum revenue of USD 500k, and revenue growth of more than 30% year on year YoY.

The company plans to use its proceeds from July 2022 funding to accelerate the development of its platform and empower more businesses to attain success.

## Funding rounds

- Seed, Jul 18, 2022 — Ulu Ventures, Edovate Capital, KCRise Fund, MatterScale Ventures, Plow Ventures

## Investors

- Ulu Ventures (https://capitalatlas.ai/funds/ulu-ventures) — Seed
- Edovate Capital (https://capitalatlas.ai/funds/edovate-capital) — Seed
- KCRise Fund (https://capitalatlas.ai/funds/kcrise-fund) — Seed
- MatterScale Ventures (https://capitalatlas.ai/funds/matterscale-ventures) — Seed
- Plow Ventures (https://capitalatlas.ai/funds/plow-ventures) — Seed