# NOVENINE

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

- Industry: Healthcare Specialists
- Headquarters: Osaka, Japan
- Website: www.novenine.com
- Total disclosed funding: $1.2M
- Latest round: Series A (Aug 29, 2019)
- Investors on record: 1

## About

Novenine is a technology company that offers advanced software solutions designed to improve operational efficiency and enhance customer engagement across various industries.Novenine, founded in 2018 in Osaka, Japan, specializes in delivering tailored software solutions. The company has raised JPY 125 million in Series A funding in August 2019, with investment from Beyond Next Ventures, bringing its total amount raised to JPY 125 million and achieving a current valuation of JPY 587.647 mn. The founders include Freada Klein, Irakli Bibileishvili, and Mitch Gilbert, with Shawn Sharafian serving as CEO.Novenine.com specializes in delivering an innovative suite of products and services designed to address specific market needs within the technology sector. The company's core offerings include advanced software solutions that enhance operational efficiency and improve customer engagement across various industries. These products are utilized by a diverse client base that includes both small and medium enterprises as well as large corporations, spanning sectors such as retail, healthcare, and finance. Novenine's solutions are engineered to streamline processes, reduce costs, and drive revenue growth through data-driven insights. The company markets its products primarily in North America and Europe, targeting businesses seeking to leverage technology for competitive advantage.Novenine.com operates on a revenue model that incorporates a combination of subscription-based services and direct sales to clients. The company structures its transactions around annual subscriptions for its software solutions, providing clients with continuous access to updates and support. Additionally, Novenine engages in direct-to-consumer sales for certain flagship products, allowing end-users to purchase licenses on a one-time basis or through tiered pricing plans that offer varying levels of features and support. Revenue is generated from both new client acquisitions and the renewal of existing subscriptions, creating a stable income stream that supports ongoing product development and customer service initiatives. The company maintains a focus on fostering long-term partnerships with its clients, ensuring a mutual growth trajectory.Novenine aims to leverage its recent Series A funding of JPY 125 million, raised in August 2019, to enhance its product offerings and expand into new markets. The company is currently working on launching new software solutions designed to address emerging market demands, with anticipated releases scheduled for mid-2020. The firm plans to enter additional markets in Asia and Europe by the end of 2020, targeting businesses seeking advanced technological solutions to improve operational efficiencies.

## Funding rounds

- Series A, Aug 29, 2019, $1.2M — Beyond Next Ventures

## Investors

- Beyond Next Ventures (https://capitalatlas.ai/funds/beyond-next-ventures) — Series A