# Novolyze

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

- Industry: Software
- Headquarters: France
- Website: www.novolyze.com
- Total disclosed funding: $15M
- Latest round: Series A (Mar 23, 2022)
- Investors on record: 3

## About

Novolyze SAS delivers innovative, technology-driven solutions focused on enhancing food safety and quality for the food and beverage industry, ensuring compliance and operational efficiency.Founded in 2012 in France, Novolyze SAS develops advanced solutions aimed at improving food safety and quality performance. The company is led by CEO Karim Khinouche, who has a background in technology and entrepreneurship. Novolyze has successfully completed a total of 5 funding deals, with the most recent being a Series B round in October 2022, raising EUR 3.001 million, bringing the total amount raised to EUR 3.001 million and a current company valuation of EUR 10.514 million.Novolyze specializes in providing application-driven, tech-enabled solutions aimed at enhancing food safety and quality performance for food and beverage companies. Their core offerings include SMART Process Control, which ensures compliance and reduces operational disruptions by minimizing rework and downtime; a comprehensive sanitation program that digitalizes Master Sanitation Programs and optimizes sanitation practices across facilities; and environmental monitoring solutions that leverage AI to detect deviations and predict incidents, facilitating rapid remediation. The products are designed to serve a diverse range of clients across various geographical markets, including North America and Latin America, supporting organizations in their mission to deliver safe and high-quality food to consumers while adhering to regulatory standards.Novolyze generates revenue through a structured transaction model primarily focused on B2B engagements, partnering with food and beverage manufacturers. Transactions typically involve subscription-based services, where clients pay for access to Novolyze's suite of digital tools and ongoing support. The pricing structure encompasses various service tiers, designed to cater to different client needs and operational scales. Key offerings include flagship products such as their SMART Process Control systems and digital sanitation solutions, integral to the company's value proposition in ensuring food safety compliance. Through these structured engagements, Novolyze establishes long-term relationships with its clients, emphasizing continuous improvement in food safety and operational efficiency.Following its Series B funding round on October 19, 2022, Novolyze plans to leverage the EUR 3.001 million raised to enhance its product offerings and expand into new markets. The company aims to further develop its technological solutions, including upcoming enhancements to its SMART Process Control systems. Additionally, Novolyze is targeting expansion into the Asian market by the end of 2024, seeking to broaden its geographical reach and customer base.

## Funding rounds

- Series A, Mar 23, 2022, $15M — WAVE Equity Partners, European Innovation Council, Liberset

## Investors

- WAVE Equity Partners (https://capitalatlas.ai/funds/wave-equity-partners) — Series A
- European Innovation Council (https://capitalatlas.ai/funds/european-innovation-council) — Series A
- Liberset (https://capitalatlas.ai/funds/liberset) — Series A