About Nova
Nova is a company based in Dallas (United States) founded in 2018 by Pradyuman Vig and Ian Macalinao was acquired by Angel List in July 2023. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Nova offers products and services including AngelList Transact and AngelList Data Room. Nova operates in a competitive market with competitors including Onfido, Perfios, HID Global, IDfy and Trulioo, among others.
- Headquarter Dallas, United States
- Founders Pradyuman Vig, Ian Macalinao
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Al Advisors Management Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$2 M (USD), Token Sale
Dec 18, 2018
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Investors
Coinbase
& 3 more
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Employee Count
Employee Count
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Acquired by
Angel List
(Jul 28, 2023)
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Products & Services of Nova
Nova offers a comprehensive portfolio of products and services, including AngelList Transact and AngelList Data Room. 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.
Fund subscription processes are streamlined for venture funds.
Secure data rooms are provided for investor information.
Funding Insights of Nova
- Total Funding Total Funding
- Total Rounds 1
- Last Round Token Sale — $2.0M
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First Round
First Round
(18 Dec 2018)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Token Sale - Nova | Valuation |
investors |
| 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 4 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Coinbase, Angel List and Y Combinator. 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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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Cryptocurrency trading, storage, and exchange services are offered online.
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Founded Year | Domain | Location | |
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Alternative investment platform for startups and investors is operated.
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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
| 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 |
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
Nova operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Onfido, Perfios, HID Global, IDfy and Trulioo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Identity verification solutions are provided, including document and biometric authentication.
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| domain | founded_year | HQ Location |
Provides financial technology solutions for data analysis and verification globally.
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| domain | founded_year | HQ Location |
Cloud-based physical identity and access management systems are developed.
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| domain | founded_year | HQ Location |
Identity verification, background screening, and fraud prevention solutions are provided.
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| domain | founded_year | HQ Location |
Identity verification platform
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| domain | founded_year | HQ Location |
AI-powered automation is offered for document analysis and identity verification.
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| 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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Latest news on Nova
Frequently Asked Questions about Nova
When was Nova founded?
Nova was founded in 2018.
Where is Nova located?
Nova is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
What does Nova do?
Nova, recently integrated into AngelList, is engaged in providing fund administration and investor management solutions. Services are offered to streamline fund subscription processes for venture funds, rolling funds, and special purpose vehicles. Digital subscriptions and secure data rooms are provided as part of investor management tools. The company operates as a consolidated business unit within AngelList, maintaining existing teams and infrastructure while rebranding products to align with AngelLists portfolio. Operations are centered in the financial technology sector, targeting venture capital and investment management needs.
What products or services does Nova offer?
Nova offers AngelList Transact and AngelList Data Room.
Who are Nova's investors?
Nova has 4 investors. Key investors include Coinbase, Angel List, Y Combinator, and Justin Kan.
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