NovaFori

London, United Kingdom Founded: 2011 • Age: 15 yrs
AI-enabled B2B marketplace for procurement and trading is provided.
Annual revenue - Latest available
Total funding $11.4M 4 rounds
Employees - Tracked headcount
Investors - Known backers
Products 5 Services tracked
Competitors 8 Brand Intelligence

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
  • Sectors
    Technology
  • Email
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  • Website
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  • Legal Name Novafori Ltd.
  • Date of Incorporation 22 Sep, 2011
  • Jurisdiction LONDON, ENGLAND
Operational Areas
Technology → Marketing, Adtech & Commerce Technology Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
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  • Total Equity Funding
    $11.44 M (USD)

    in 4 rounds

  • Latest Funding Round
    $4 M (USD), Series A

    Apr 07, 2018

  • Investors
    Not available
  • Employee Count
    Not available
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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.

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Primary

Provides out-of-the-box solutions for scalable auction marketplaces.

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Maximizes value and efficiency in bidding processes.

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Optimizes bidding to enhance seller revenue outcomes.

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Optimizes resource allocation for marketplace operations.

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Uses technology to maximize value in auctions.

People of NovaFori

Headcount 50-200
Employee Profiles 6
Board Members and Advisors 1
Employee Profiles
People
Phil Bird
Non Executive Director
People
Francisco Arjona
HR & Operations Manager
People
Nicolas Amador
Head of Architecture
People
Lorena Pintor
SM And Linemanager

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Board Members and Advisors
people
Martin Botha
Chairman

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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.

Investments & Acquisitions by NovaFori

Investments
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Investment portfolio details for NovaFori

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  • Transaction dates
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Financial Statements - NovaFori

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Detailed financials for NovaFori

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Novafori Comparisons

NovaFori Primary company
Description
AI-enabled B2B marketplace for procurement and trading is pr...
Location
London, United Kingdom
Founded Year
2011
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for NovaFori

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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.

Company Name Domain Founded year HQ Location Description
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B2B procurement marketplace is operated for mid-sized enterprises.
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Cloud-based B2B trade platform is provided with event management features.
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Provider of web-enabled B2B procurement marketplace connecting buyers and suppliers
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Provider of web-enabled B2B procurement marketplace
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B2B platform facilitating polymer buying, selling, and delivery via WhatsApp.
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Detailed competitors of NovaFori

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Latest news on Novafori

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Complete news archive for NovaFori

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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.

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's top competitors include WCube, Lawazem and Sorsera.

NovaFori offers NovaFori Platform, English Forward Auction Model, Sealed Bid Auction Model, Capacity Auction Model, and Scoring Auction Model.

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