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.
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.
People of NovaFori
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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 |
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| 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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Investments & Acquisitions by NovaFori
Financial Statements - NovaFori
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.
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Latest news on Novafori
Frequently Asked Questions about NovaFori
NovaFori was founded in 2011 and raised its 1st funding round 3 years after it was founded.
NovaFori is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Garry Jones is the current CEO of NovaFori.
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.
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.
NovaFori offers NovaFori Platform, English Forward Auction Model, Sealed Bid Auction Model, Capacity Auction Model, and Scoring Auction Model.