About Novobeing
Novobeing is a company based in Burlington (United States) founded in 2020 by Siddharth Desai and Nik Vassev.. Novobeing has raised $575 thousand across 5 funding rounds from investors including Northeastern University, ImpactAssets and Web3.com Ventures. Novobeing offers products and services including VR Platform, XR Bundle, and Relaxation Experiences. Novobeing operates in a competitive market with competitors including AbleTo, Lyra Health, TRIPP, BigHealth and Calm, among others.
- Headquarter Burlington, United States
- Founders Siddharth Desai, Nik Vassev
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Sectors
HealthcareTechnology
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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 Novobeing, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$575 K (USD)
in 5 rounds
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Latest Funding Round
$25 K (USD), Grant
Apr 30, 2024
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Investors
Northeastern University
& 5 more
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Employee Count
Employee Count
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Products & Services of Novobeing
Novobeing offers a comprehensive portfolio of products and services, including VR Platform, XR Bundle, and Relaxation Experiences. 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.
Provides immersive VR experiences to reduce anxiety and aid recovery in healthcare.
Includes devices and support for easy deployment in clinical settings.
Offers VR modules for stress relief and patient engagement.
Funding Insights of Novobeing
Novobeing has successfully raised a total of $575K across 5 strategic funding rounds. The most recent funding activity was a Grant round of $25 thousand completed in April 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 Total Funding
- Total Rounds 5
- Last Round Grant — $25,000
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First Round
First Round
(23 Sep 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2024 | Amount | Grant - Novobeing | Valuation |
investors |
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| Feb, 2024 | Amount | Seed - Novobeing | Valuation |
investors |
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| Feb, 2023 | Amount | Seed - Novobeing | Valuation |
investors |
| 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 |
Investors in Novobeing
Novobeing has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Northeastern University, ImpactAssets and Web3.com Ventures. 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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Early-stage MedTech founders are supported through accelerator programs.
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Early-stage investments are made in high-growth technology companies.
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Impact investing funds are managed to support mission-driven enterprises.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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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Investments & Acquisitions by Novobeing
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Novobeing
| 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 |
Novobeing Comparisons
Competitors of Novobeing
Novobeing 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 AbleTo, Lyra Health, TRIPP, BigHealth and Calm, 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 |
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| domain | founded_year | HQ Location |
Offers a digital platform to connect people with licensed therapists and coaches
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| domain | founded_year | HQ Location |
AI-powered mental health benefits for employers are provided.
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| domain | founded_year | HQ Location |
Mood-altering virtual reality experiences are developed for wellness by TRIPP.
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| domain | founded_year | HQ Location |
Digital CBT therapy is offered for insomnia patients.
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| domain | founded_year | HQ Location |
Meditation, sleep, and relaxation are supported via a digital app.
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| domain | founded_year | HQ Location |
Provider of online counseling platform for psychological problems
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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 Novobeing
Frequently Asked Questions about Novobeing
When was Novobeing founded?
Novobeing was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Novobeing located?
Novobeing is headquartered in Burlington, United States. It is registered at Burlington, Vermont, United States.
Who is the current CEO of Novobeing?
Siddharth Desai is the current CEO of Novobeing. They have also founded this company.
Is Novobeing a funded company?
Novobeing is a funded company, having raised a total of $575K across 5 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Sep 23, 2021.
What does Novobeing do?
Provider of immersive wellness experiences, transforming high-stress areas into spaces of rejuvenation.. Their innovative platform combines immersive virtual environments with uplifting music, meditations, and breathing techniques for enhanced self-care experiences.
Who are the top competitors of Novobeing?
Novobeing's top competitors include Lyra Health, Calm and Amaha.
What products or services does Novobeing offer?
Novobeing offers VR Platform, XR Bundle, and Relaxation Experiences.
Who are Novobeing's investors?
Novobeing has 6 investors. Key investors include Northeastern University, ImpactAssets, Web3.com Ventures, Cloud3 Ventures, and ZeroTo510.
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