Novinium
Latest round
- Series D
Last raised
- Apr 2016
Total raised
- $26M
Investors
- 3
About Novinium
Novinium, Inc.Founded in 2003 and headquartered in the United States, Novinium, Inc. focuses on cable rejuvenation services for utility companies. The company was acquired by Southwire Company, LLC in March 2022. Thanos Mellos serves as both CEO and Founder, with a background in electrical engineering and previous entrepreneurial ventures.Novinium, Inc. provides specialized cable rejuvenation services aimed at maintaining and enhancing underground power cables prone to insulation degradation. Their cable injection technology, developed since the 1980s, injects silicone fluid into power cable strands to improve insulation properties and prolong cable lifespan.'s revenue is primarily generated through contractual agreements with utility clients for rejuvenation services. These B2B transactions are structured to be cost-effective, with rejuvenation costs being approximately one-third or less than traditional cable replacement.Following its acquisition by Southwire Company in March 2022, Novinium, Inc. plans to expand its cable rejuvenation technologies and services into new geographic regions, particularly targeting markets in Europe and Asia by 2024.
Who invested in Novinium
3 investors across 3 rounds
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Questions about Novinium
Who invested in Novinium?
Novinium has 3 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Novinium raised?
Novinium has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Novinium last raise money?
Novinium's most recent round on record is a Series D, in Apr 2016.
What does Novinium do?
Novinium is a business support services company.
Where is Novinium headquartered?
Novinium is headquartered in US.
Which VCs invest in companies like Novinium?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back business support services companies at Novinium's stage. Their profiles are linked below.
VCs backing business support services startups at Series D
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