About Novelda
Novelda is a company based in Oslo (Norway) founded in 2004 by Eirik Naess Ulseth, Tor Sverre Lande, Dag T Wisland, and Einar Nygard.. Novelda has raised $95.56 million across 5 funding rounds from investors including SpareBank 1, Runar Vatne and Tore Aksel Voldberg. The company has 89 employees as of December 31, 2023. Novelda offers products and services including UWB CPD & Vital Signs Sensor, UWB Proximity Sensor, UWB Occupancy Sensor, UWB Ultra-Low Power Presence Sensor, and UWB X7 Radar. Novelda operates in a competitive market with competitors including Kinexon, Inertial Labs, Decawave, Pozyx and Position Imaging, among others.
- Headquarter Oslo, Norway
- Employees 89 as on 31 Dec, 2023
- Founders Eirik Naess Ulseth, Tor Sverre Lande, Dag T Wisland, Einar Nygard
- Stage Minicorn
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Novelda As
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Annual Revenue
$1.48 M (USD)-32as on Dec 31, 2023
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Net Profit
$-15.74 M (USD)-16as on Dec 31, 2023
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EBITDA
$-15.48 M (USD)-16as on Dec 31, 2023
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Total Equity Funding
$95.56 M (USD)
in 5 rounds
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Latest Funding Round
$44.71 M (USD), Series D
Dec 09, 2021
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Investors
SpareBank 1
& 5 more
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Employee Count
89
as on Dec 31, 2023
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Products & Services of Novelda
Novelda offers a comprehensive portfolio of products and services, including UWB CPD & Vital Signs Sensor, UWB Proximity Sensor, UWB Occupancy Sensor, UWB Ultra-Low Power Presence Sensor, and UWB X7 Radar. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Detects vital signs and human presence for safety applications.
Monitors nearby human movements in consumer devices.
Tracks room occupancy to optimize energy use.
Enables efficient human detection in smart buildings.
Provides advanced radar for automotive and electronic systems.
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Funding Insights of Novelda
Novelda has successfully raised a total of $95.56M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $44.71 million completed in December 2021. 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 Series D — $44.7M
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First Round
First Round
(03 Dec 2014)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series D - Novelda | Valuation |
investors |
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| Feb, 2021 | Amount | Series C - Novelda | Valuation | Runar Vatne , Tore Aksel Voldberg |
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| Feb, 2019 | Amount | Series C - Novelda | Valuation | Investinor |
| 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 Novelda
Novelda has secured backing from 6 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include SpareBank 1, Runar Vatne and Tore Aksel Voldberg. 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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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage tech companies
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Founded Year | Domain | Location | |
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Venture capital firm and funds of fund focused on technology-enabled and sustainable companies
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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 Novelda
| 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.
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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.
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2016 |
Financial Statements - Novelda
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Novelda Comparisons
Competitors of Novelda
Novelda 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 Kinexon, Inertial Labs, Decawave, Pozyx and Position Imaging, 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 |
Location and motion analytics are tracked via sensor-based platform.
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| domain | founded_year | HQ Location |
Inertial navigation systems are supplied for positioning and tracking solutions.
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| domain | founded_year | HQ Location |
Ultra-wideband ICs for micro-location solutions are manufactured.
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| domain | founded_year | HQ Location |
UWB-based indoor positioning solutions are provided for accurate tracking.
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| domain | founded_year | HQ Location |
Provider of indoor positioning technology
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Novelda
Frequently Asked Questions about Novelda
When was Novelda founded?
Novelda was founded in 2004 and raised its 1st funding round 10 years after it was founded.
Where is Novelda located?
Novelda is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Who is the current CEO of Novelda?
Jan-Bjornar Lund is the current CEO of Novelda.
Is Novelda a funded company?
Novelda is a funded company, having raised a total of $95.56M across 5 funding rounds to date. The company's 1st funding round was a Series C of $15M, raised on Dec 03, 2014.
How many employees does Novelda have?
As of Dec 31, 2023, the latest employee count at Novelda is 89.
What is the annual revenue of Novelda?
Annual revenue of Novelda is $1.48M as on Dec 31, 2023.
What does Novelda do?
Founded in 2004 in Oslo, Norway, sensors for detecting human presence are developed and supplied by the company within the electronics and automation sectors. Operations focus on impulse radar transceiver System on Chip (SoC) technology, enabling detection through any material for auto-wake functions in consumer devices. Indoor applications in smart buildings for automation are also supported, with products integrated into user detection systems.
Who are the top competitors of Novelda?
Novelda's top competitors include Inertial Labs, Kinexon and Decawave.
What products or services does Novelda offer?
Novelda offers UWB CPD & Vital Signs Sensor, UWB Proximity Sensor, UWB Occupancy Sensor, UWB Ultra-Low Power Presence Sensor, and UWB X7 Radar.
Who are Novelda's investors?
Novelda has 6 investors. Key investors include SpareBank 1, Runar Vatne, Tore Aksel Voldberg, Investinor, and Alliance Venture.
What is Novelda's valuation?
The valuation of Novelda is $171.34M as of Dec 2021.