About NovaSom
NovaSom is a company based in Glen Burnie (United States) founded in 1992.. NovaSom has raised $55 million across 5 funding rounds from investors including TPG, Square 1 Bank and Safeguard Scientifics. The company has 167 employees as of December 31, 2018. NovaSom operates in a competitive market with competitors including Oura, Muse, Jawbone, Biotricity and Sunrise, among others.
- Headquarter Glen Burnie, United States
- Employees 167 as on 31 Dec, 2018
-
Sectors
HealthcareTechnology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$55 M (USD)
in 5 rounds
-
Latest Funding Round
$7.55 M (USD), Debt – Conventional
Jun 07, 2019
-
Investors
TPG
& 3 more
-
Employee Count
167
as on Dec 31, 2018
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of NovaSom
NovaSom has successfully raised a total of $55M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $7.55 million completed in June 2019. 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 5
- Last Round Debt – Conventional — $7.5M
-
First Round
First Round
(21 Sep 2009)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Debt – Conventional - NovaSom | Valuation |
investors |
|
| Mar, 2017 | Amount | Debt – Conventional - NovaSom | Valuation |
investors |
|
| Jun, 2011 | Amount | Series D - NovaSom | Valuation | Safeguard Scientifics |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NovaSom
NovaSom has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include TPG, Square 1 Bank and Safeguard Scientifics. 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 |
|---|---|---|---|---|
|
Venture capital firm investing in early and growth stage companies
|
Founded Year | Domain | Location | |
|
Fund of funds focused on pre-seed and seed-stage companies
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by NovaSom
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - NovaSom
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Novasom Comparisons
Competitors of NovaSom
NovaSom 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 Oura, Muse, Jawbone, Biotricity and Sunrise, 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 |
Health-tracking smart rings and biosensors are developed for biometric monitoring.
|
|
| domain | founded_year | HQ Location |
EEG-powered headbands for meditation and sleep biofeedback are developed.
|
|
| domain | founded_year | HQ Location |
Provider of wearable devices for activity and sleep tracking
|
|
| domain | founded_year | HQ Location |
Developer of medical remote monitoring solutions that help prevent and manage chronic diseases
|
|
| domain | founded_year | HQ Location |
Sunrise is focused on sleep apnea diagnostic solutions.
|
|
| domain | founded_year | HQ Location |
Sleep quality is monitored via bedside devices and mobile apps.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Novasom
Frequently Asked Questions about NovaSom
When was NovaSom founded?
NovaSom was founded in 1992 and raised its 1st funding round 17 years after it was founded.
Where is NovaSom located?
NovaSom is headquartered in Glen Burnie, United States. It is registered at Glen Burnie, Maryland, United States.
Who is the current CEO of NovaSom?
John T Spitznagel is the current CEO of NovaSom.
Is NovaSom a funded company?
NovaSom is a funded company, having raised a total of $55M across 5 funding rounds to date. The company's 1st funding round was a Series D of $35M, raised on Sep 21, 2009.
How many employees does NovaSom have?
As of Dec 31, 2018, the latest employee count at NovaSom is 167.
What does NovaSom do?
NovaSom (formerly known as Sleep Solutions Inc.) is focussed on obstructive sleep apnea (OSA) home sleep testing. Their offering, AccuSom, is an FDA cleared (K110486) home sleep testing system which provides continuous patient support and next-day test results and interpretation. It can be used at the convenience of the users home and does not require any intervention by the doctor. They are accredited by the Joint commission as an ambulatory care sleep diagnostic center Telehealth provider and are classified by CMS as an Independent diagnostic testing facility.
Who are NovaSom's investors?
NovaSom has 4 investors. Key investors include TPG, Square 1 Bank, Safeguard Scientifics, and Quaker Partners Management.