About Novasol
Novasol is a company based in Denmark founded in 1996 was acquired by Corning in January 2015.. The company has 657 employees as of December 31, 2021. Novasol has completed 2 acquisitions, including Ardennes-Etape and Wimdu. Novasol operates in a competitive market with competitors including Airbnb, Tujia, AvantStay, Vrbo and Sykes Cottages, among others.
- Headquarter Denmark
- Employees 657 as on 31 Dec, 2021
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Awaze A/S
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$213.02 K (USD), Grant
Jan 01, 2016
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Investors
Corning
& 1 more
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Employee Count
657
as on Dec 31, 2021
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Investments & Acquisitions
Ardennes-Etape
& 1 more
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Acquired by
Corning
(Jan 22, 2015)
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Funding Insights of Novasol
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $213,019
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First Round
First Round
(01 Jan 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Grant - Novasol | 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 Novasol
Novasol has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Corning and European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Provider of manufacturing and engineering services to life science research products
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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 Novasol
Novasol has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Ardennes-Etape and Wimdu. 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.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
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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Online metasearch platform for vacation rentals
|
2010 | ||||
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Vacation rentals in Belgium are booked via an online platform.
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2002 |
| 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 - Novasol
| 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 |
Novasol Comparisons
Competitors of Novasol
Novasol 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 Airbnb, Tujia, AvantStay, Vrbo and Sykes Cottages, 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 |
Vacation rentals are booked via an online peer-to-peer platform.
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| domain | founded_year | HQ Location |
Vacation rentals are booked via an online platform for travelers.
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| domain | founded_year | HQ Location |
Vacation rentals for groups are booked via an online platform.
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| domain | founded_year | HQ Location |
Online marketplace for vacation rentals
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| domain | founded_year | HQ Location |
Holiday cottages are rented online via a dedicated platform.
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| domain | founded_year | HQ Location |
Vacation rentals are booked via an online marketplace platform.
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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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Latest news on Novasol
Frequently Asked Questions about Novasol
When was Novasol founded?
Novasol was founded in 1996 and raised its 1st funding round 20 years after it was founded.
Where is Novasol located?
Novasol is headquartered in Denmark.
How many employees does Novasol have?
As of Dec 31, 2021, the latest employee count at Novasol is 657.
What does Novasol do?
Novasol is an online platform for travelers to discover vacation rentals offered by peers. Travelers are allowed to find vacation rentals through the platform can book by making an online payment. Property owners are allowed to list their properties on the platform to rent it. They also provide holiday guides, holiday inspiration more.
How many acquisitions has Novasol made?
Novasol has made 2 acquisitions, including Ardennes-Etape, and Wimdu.
Who are Novasol's investors?
Novasol has 2 investors. Key investors include Corning, and European Union.