About NovaFori
NovaFori is a company based in London (United Kingdom) founded in 2011.. NovaFori has raised $11.44 million across 4 funding rounds. NovaFori offers products and services including NovaFori Platform, English Forward Auction Model, Sealed Bid Auction Model, Capacity Auction Model, and Scoring Auction Model. NovaFori operates in a competitive market with competitors including WCube, HotLink, Sorsera, Procural and Proqurr, among others.
- Headquarter London, United Kingdom
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Novafori Ltd.
- Date of Incorporation 22 Sep, 2011
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.44 M (USD)
in 4 rounds
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Latest Funding Round
$4 M (USD), Series A
Apr 07, 2018
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Investors
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Employee Count
Employee Count
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Products & Services of NovaFori
NovaFori offers a comprehensive portfolio of products and services, including NovaFori Platform, English Forward Auction Model, Sealed Bid Auction Model, Capacity Auction Model, and Scoring Auction Model. 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.
Provides out-of-the-box solutions for scalable auction marketplaces.
Maximizes value and efficiency in bidding processes.
Optimizes bidding to enhance seller revenue outcomes.
Optimizes resource allocation for marketplace operations.
Uses technology to maximize value in auctions.
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Funding Insights of NovaFori
NovaFori has successfully raised a total of $11.44M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in April 2018. 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 4
- Last Round Series A — $4.0M
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First Round
First Round
(09 Jul 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Series A - NovaFori | Valuation |
investors |
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| Feb, 2017 | Amount | Series A - NovaFori | Valuation |
investors |
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| Dec, 2015 | Amount | Series A - NovaFori | Valuation |
investors |
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| 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 |
Investments & Acquisitions by NovaFori
| 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 - NovaFori
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Novafori Comparisons
Competitors of NovaFori
NovaFori 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 WCube, HotLink, Sorsera, Procural and Proqurr, 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 |
B2B procurement marketplace is operated for mid-sized enterprises.
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| domain | founded_year | HQ Location |
Cloud-based B2B trade platform is provided with event management features.
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| domain | founded_year | HQ Location |
Provider of web-enabled B2B procurement marketplace connecting buyers and suppliers
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| domain | founded_year | HQ Location |
Provider of web-enabled B2B procurement marketplace
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| domain | founded_year | HQ Location |
B2B platform facilitating polymer buying, selling, and delivery via WhatsApp.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 NovaFori
When was NovaFori founded?
NovaFori was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is NovaFori located?
NovaFori is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of NovaFori?
Garry Jones is the current CEO of NovaFori.
Is NovaFori a funded company?
NovaFori is a funded company, having raised a total of $11.44M across 4 funding rounds to date. The company's 1st funding round was a Series A of $1.5M, raised on Jul 09, 2014.
What does NovaFori do?
NovaFori was founded in 2011 in London, United Kingdom. An AI-enabled platform is operated for B2B procurement and trading within the technology sector. Buyers and sellers are connected through the marketplace. Auctions are facilitated based on performance metrics and price indices. Future performance predictions are generated, and buyer-seller matchings are performed to support transactions.
Who are the top competitors of NovaFori?
What products or services does NovaFori offer?
NovaFori offers NovaFori Platform, English Forward Auction Model, Sealed Bid Auction Model, Capacity Auction Model, and Scoring Auction Model.