About Novastro
Novastro is a company based in Singapore (Singapore) founded in 2022 by Shreedhar Shreenivasa.. Novastro has raised $1.2 million across 1 funding round from investors including Woodstock, Faculty and Double Peak. Novastro operates in a competitive market with competitors including Immutable, Tari, Arianee, Bitlayer and Cere Network, among others.
- Headquarter Singapore, Singapore
- Founders Shreedhar Shreenivasa
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.2 M (USD)
in 1 rounds
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Latest Funding Round
$1.2 M (USD), Seed
Jan 10, 2025
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Investors
Woodstock
& 4 more
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Employee Count
Employee Count
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Funding Insights of Novastro
Novastro has successfully raised a total of $1.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.2 million completed in January 2025. 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 1
- Last Round Seed — $1.2M
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First Round
First Round
(10 Jan 2025)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Seed - Novastro | Valuation | Woodstock |
| 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 Novastro
Novastro has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Woodstock, Faculty and Double Peak. 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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Woodstock is engaged in investing in Web 3.0 technologies.
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Founded Year | Domain | Location | |
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Single family office and venture capital firm focused on digital assets
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Founded Year | Domain | Location | |
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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 Novastro
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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.
|
2016 |
Financial Statements - Novastro
| 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 |
Novastro Comparisons
Competitors of Novastro
Novastro 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 Immutable, Tari, Arianee, Bitlayer and Cere Network, 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.
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Digital assets are traded on Monero-based blockchain protocol.
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Bitcoin-based security layer for blockchain verification and multisig is developed.
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Decentralized data and finance cloud is provided for enterprises.
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Blockchain-based public network for secure data sharing is operated.
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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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On-demand services are booked through an app-based platform.
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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 Novastro
When was Novastro founded?
Novastro was founded in 2022 and raised its 1st funding round 3 years after it was founded.
Where is Novastro located?
Novastro is headquartered in Singapore, Singapore.
Who is the current CEO of Novastro?
Shreedhar Shreenivasa is the current CEO of Novastro. They have also founded this company.
Is Novastro a funded company?
Novastro is a funded company, having raised a total of $1.2M across 1 funding round to date. The company's 1st funding round was a Seed of $1.2M, raised on Jan 10, 2025.
What does Novastro do?
Novastro was founded in 2022 in Singapore. A layer 2 blockchain focused on real-world assets is operated, enabling tokenization processes. AI-driven infrastructure is utilized to support liquidity pools, yield generation, and trading mechanisms. Users are allowed to tokenize assets, execute trades, and access yields within the platform, which functions in the blockchain and financial sectors. Operations are based in Singapore.
Who are the top competitors of Novastro?
Who are Novastro's investors?
Novastro has 5 investors. Key investors include Woodstock, Faculty, Double Peak, Cogitent, and X21 Digital.