About Novel Capital
Novel Capital is a Financial Services company based in Overland Park (United States) founded in 2018 by Keith Harrington and Carlos Antequera. Revenue-based financing is offered to software businesses online. Novel Capital has raised $15.78 million across 1 funding round from investors including IGNIA, Ulu Ventures and MatterScale. Its chief executive, as recorded, is Carlos Antequera. Novel Capital offers products and services including Platform Capital, Growth Capital, Short-Term Capital, VentureMatchâ„¢, and Capital Intelligenceâ„¢. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its legal entity is Novel Growth Partners California Investments, LLC. Its competitors include Lighter Capital, Element SaaS Finance and Fintegra; 2 of its 3 listed competitors have raised funding.
Company details
Founded in 2018 and based in Overland Park, United States, Novel Capital operates as an online platform in the fintech sector. Revenue-based financing is extended to software businesses, with credit amounts determined by performance metrics. Integration with accounting and ERP software is required, followed by approval and transfer of funds to registered bank accounts. Operations focus on enabling access to capital tied to future revenue streams.
- Headquarters Overland Park, United States
- Founders Keith Harrington, Carlos Antequera
- SectorsFinancial Services
- Email••••••••
- Website novelcapital.com
- Social LinkedIn X
- Legal Name Novel Growth Partners California Investments, Llc
- Total Equity Funding$15.78M (USD)
in 1 rounds
- Latest Funding Round$15.78M (USD), Seed
Feb 2024
- InvestorsIGNIA
& 3 more
Products & Services of Novel Capital
Novel Capital offers a comprehensive portfolio of products and services, including Platform Capital, Growth Capital, Short-Term Capital, VentureMatch™, and Capital Intelligence™.
Non-dilutive capital for SaaS revenue acceleration
Capital to enhance profitability and scale operations
Quick funding for immediate cashflow needs
Platform to connect with venture capital partners
Tools for business metrics, valuation, and funding decisions
Funding Insights of Novel Capital
Novel Capital has successfully raised a total of $15.78M through 1 strategic funding round. The most recent funding activity was a Seed round of $15.78 million completed in February 2024. 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 $15.78M
- Total Rounds 1
- Last Round Seed — $15.78M
- First Round $15.78M
(Feb 2024)
- Investors Count 4
All 1 funding rounds of Novel Capital with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2024 | $15.78M | Seed | – | IGNIA, Ulu Ventures |
4 investors in total: 4 institutional.
Investors in Novel Capital
Novel Capital has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include IGNIA, Ulu Ventures and MatterScale.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made by IGNIA across multiple sectors. | igniaunlocked.mx | Mexico City, Mexico | ||
Seed-stage funding is provided to innovative founder teams. | uluventures.com | Palo Alto, United States | ||
Venture capital investments are made in early-stage Latin startups. | 2021 | matterscale.com | United States | |
Venture capital investing with a focus on diversity and inclusion in the ecosystem. | gaingels.com |
Investor details for Novel Capital
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Novel Capital
10 people are tracked at Novel Capital (6 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Keith Harrington | Co-Founder | Leadership |
Carlos Antequera | Co-Founder & CEO | Leadership |
Chris Downey | Vice President Of Product Management | Leadership |
Mike Luebbers | Chief Credit Officer | Leadership |
Adi Walavalkar | Chief Technology Officer | Leadership |
Brock Edwards | VP Of Growth | Leadership |
Corey Cunningham | Manager Of Rev Ops | Team |
Amir Niz | Analista De Créditos | Team |
Christopher Slota | Lead Generation Manager | Team |
Jacob Maffuccio | Underwriting Manager | Team |
Complete people profiles for Novel Capital
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Timeline of Novel Capital
2 dated milestones of Novel Capital across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Novel Capital is founded.
- Funding First funding round of $15.8M.
Competitors of Novel Capital
Novel Capital has 3 listed competitors in our database, 2 of them funded. They include Lighter Capital, Element SaaS Finance and Fintegra.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lightercapital.com | 2008 | Seattle, United States | $26.67M | 18 | Revenue-based financing is provided to businesses via an online platform. | |
| elementsaasfinance.com | 2016 | San Antonio, United States | $18.5M | Specialized lending is provided to SaaS and recurring revenue companies. | ||
| getfintegra.com | 2014 | King Of Prussia, United States | Revenue-based financing is provided to small businesses online. |
Detailed competitors of Novel Capital
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Novel Capital
The website of Novel Capital (novelcapital.com) receives about 5.2K visits a month.
- Monthly visits5.2K
▼ 43.1% vs previous month
Websites whose visitors overlap most with Novel Capital. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| askforfunding.com | 100% | 52.6K | #687,661 | View details | |
| fundera.com | 93% | 99.9K | #299,115 | View details |
Top companies in Alternative Lending
3 companies that operate in the same segment as Novel Capital (Alternative Lending) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | 1,487 |
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Related news about Novel Capital
Complete news archive for Novel Capital
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Frequently Asked Questions about Novel Capital
Novel Capital was founded in 2018 and raised its 1st funding round 6 years after it was founded.
Novel Capital is headquartered in Overland Park, United States. It is registered at Overland Park, Kansas, United States.
Carlos Antequera is the CEO of Novel Capital, as recorded in our data. They have also founded this company.
Novel Capital is a funded company, having raised a total of $15.78M across 1 funding round to date. The company's 1st funding round was a Seed of $15.78M, raised on Feb 2024.
Founded in 2018 and based in Overland Park, United States, Novel Capital operates as an online platform in the fintech sector. Revenue-based financing is extended to software businesses, with credit amounts determined by performance metrics. Integration with accounting and ERP software is required, followed by approval and transfer of funds to registered bank accounts. Operations focus on enabling access to capital tied to future revenue streams.
Novel Capital's top competitors include Lighter Capital, Element SaaS Finance and Fintegra.
Novel Capital offers Platform Capital, Growth Capital, Short-Term Capital, VentureMatchâ„¢, and Capital Intelligenceâ„¢.
Novel Capital has 4 investors. Key investors include IGNIA, Ulu Ventures, MatterScale, and Gaingels.
Novel Capital operates through Novel Growth Partners California Investments, Llc.