# NovoEd

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

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.novoed.com
- Total disclosed funding: $4.8M
- Latest round: Series A (May 30, 2014)
- Investors on record: 6

## About

NovoEd, Inc. is a leading talent development platform that enhances organizational learning and employee engagement through innovative solutions, enabling businesses to effectively reskill and empower their workforce.Founded in 2013 and headquartered in San Francisco, US, NovoEd, Inc. provides a platform for talent development, specializing in immersive learning experiences. The company has completed three deals, with the latest being a Series A round in October 2018, raising USD 4.80 mn led by Costanoa Ventures. Amin Saberi and Farnaz Ronaghi are the co-founders, with Saberi currently serving as the CEO.NovoEd specializes in a comprehensive talent development platform that integrates various tools to enhance organizational learning and employee engagement. The core offerings include Learn+, Mentor+, Practice+, and NovoAI, which collectively facilitate immersive skill-building, real-world application, and personalized guidance. These products address critical issues such as employee disengagement and the need for effective reskilling. NovoEd's platform is utilized by a diverse client base, including global enterprises across multiple sectors, aiming to foster meaningful connections and drive growth in employee performance. It serves clients in North America, Europe, and Asia Pacific regions.NovoEd generates revenue primarily through subscription-based models, offering scalable solutions tailored to the needs of educational institutions and corporate clients. Clients engage with the platform via various pricing structures, including annual subscriptions for enterprise licenses and partnerships with training providers for customized learning experiences. The company's offerings support a B2B transaction structure, enabling organizations to enhance their workforce capabilities efficiently.In October 2018, F-Prime Capital acquired NovoEd, Inc. to further its growth. The company plans to leverage recent funding to enhance its product offerings and expand into new geographic markets, particularly targeting increased presence in Europe and Asia Pacific regions. Specific upcoming products are currently under development, aiming to meet evolving demands in talent development.

## Funding rounds

- Series A, May 30, 2014, $4.8M — Costanoa Ventures
- Seed, Jan 1, 2013 — Foundation Capital, Maveron, Kapor Capital, Ulu Ventures, Learn Capital, Costanoa Ventures

## Investors

- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Seed
- Maveron (https://capitalatlas.ai/funds/maveron) — Seed
- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Seed
- Ulu Ventures (https://capitalatlas.ai/funds/ulu-ventures) — Seed
- Learn Capital (https://capitalatlas.ai/funds/learn-capital) — Seed
- Costanoa Ventures (https://capitalatlas.ai/funds/costanoa-ventures) — Seed, Series A