About Nova
Nova is a company based in San Francisco (United States) founded in 2019.. Nova has raised $200 million across 1 funding round from investors including Nokia, Liberty Global and Khosla Ventures. Nova has completed 1 acquisition, including FreedomFi. Nova offers products and services including Helium Network and IoT Solutions.
- Headquarter San Francisco, United States
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Phone
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Website
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Social
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- Legal Name Nova Labs Inc
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Products & Services of Nova
Nova offers a comprehensive portfolio of products and services, including Helium Network and IoT Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A decentralized wireless network is built by Nova Labs and the community to support connectivity services.
Complete IoT solutions are provided for enterprises through 1663, drawing on expertise in connectivity.
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Funding Insights of Nova
Nova has successfully raised a total of $200M through 1 strategic funding round. The most recent funding activity was a Series D round of $200 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series D — $200.0M
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First Round
First Round
(30 Mar 2022)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series D - Nova | Valuation | Tiger Global Management , a16z |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nova
Nova has secured backing from 15 investors, including venture fund and institutional investors. Prominent investors backing the company include Nokia, Liberty Global and Khosla Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Venture capital fund focused on investing in technology startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nova
Nova has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include FreedomFi. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Telecom infrastructure and cellular network services are provided by FreedomFi.
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Nova
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nova Comparisons
Competitors of Nova
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Nova
When was Nova founded?
Nova was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Nova located?
Nova is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Nova a funded company?
Nova is a funded company, having raised a total of $200M across 1 funding round to date. The company's 1st funding round was a Series D of $200M, raised on Mar 30, 2022.
What does Nova do?
Nova Labs was founded in 2019 and is headquartered in San Francisco, United States. The companys domain is registered as nova.xyz. Due to limited data provided, specifics on its industry sector, operational scope, services offered, or primary focus areas are not disclosed in available records. Further details would be required for a comprehensive overview.
What products or services does Nova offer?
Nova offers Helium Network and IoT Solutions.
How many acquisitions has Nova made?
Nova has made 1 acquisition, including FreedomFi.
Who are Nova's investors?
Nova has 15 investors. Key investors include Nokia, Liberty Global, Khosla Ventures, Multicoin Capital, and Firstmark Services.