About NovoEd
NovoEd is a company based in San Francisco (United States) founded in 2012 was acquired by Devonshire Investors in October 2018.. NovoEd has raised $4.8 million across 2 funding rounds from investors including Foundation Capital, Maveron and Costanoa. NovoEd offers products and services including Learn+, Mentor+, Practice+, and NovoAI. NovoEd operates in a competitive market with competitors including 360Learning, OpenSesame, Intrepid Learning, CrossKnowledge and LearnUpon, among others.
- Headquarter San Francisco, United States
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Sectors
TechnologyEducation
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Email
***********
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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
$4.8 M (USD)
in 2 rounds
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Latest Funding Round
$4.8 M (USD), Series A
Apr 28, 2014
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Investors
Foundation Capital
& 6 more
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Employee Count
Employee Count
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Acquired by
Devonshire Investors
(Oct 16, 2018)
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Products & Services of NovoEd
NovoEd offers a comprehensive portfolio of products and services, including Learn+, Mentor+, Practice+, and NovoAI. 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.
Enables creation of interactive learning experiences for organizational alignment.
Fosters employee growth through personalized guidance and feedback.
Delivers immersive scenarios for practical skill development and application.
Enhances learning with AI tools for creation and delivery across platforms.
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Funding Insights of NovoEd
NovoEd has successfully raised a total of $4.8M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.8 million completed in April 2014. 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 2
- Last Round Series A — $4.8M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2014 | Amount | Series A - NovoEd | Valuation | Costanoa | |
| Jan, 2013 | Amount | Seed - NovoEd | Valuation | Ulu Ventures , Foundation Capital |
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| 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 NovoEd
NovoEd has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Foundation Capital, Maveron and Costanoa. 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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Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investments in consumer businesses, emphasizing technology and human behavior.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early stage fintech, data, AI, and security 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 NovoEd
| 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 - NovoEd
| 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 |
Novoed Comparisons
Competitors of NovoEd
NovoEd 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 360Learning, OpenSesame, Intrepid Learning, CrossKnowledge and LearnUpon, 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 |
Corporate learning management platform
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| domain | founded_year | HQ Location |
E-learning courses for corporate training are traded via online marketplace.
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| domain | founded_year | HQ Location |
SaaS-based learning management platforms for corporations are provided.
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| domain | founded_year | HQ Location |
Cloud-based distance learning solutions are offered to companies worldwide.
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| domain | founded_year | HQ Location |
Learning Management System for corporates
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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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| 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 Novoed
Frequently Asked Questions about NovoEd
When was NovoEd founded?
NovoEd was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is NovoEd located?
NovoEd is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is NovoEd a funded company?
NovoEd is a funded company, having raised a total of $4.8M across 2 funding rounds to date.
What does NovoEd do?
NovoEd was founded in 2012 in San Francisco, United States, as an edtech platform. Courses from industry veterans and professors at top universities are offered through its online interface. Social tools are integrated to enable student networking and collaborative projects. Eighteen partnerships with institutions like University of Maryland, Wharton, Princeton University, and UC Berkeley are established. Corporate clients including ING, GE, and Cemex utilize the services for training programs.
Who are the top competitors of NovoEd?
NovoEd's top competitors include 360Learning, OpenSesame and Intrepid Learning.
What products or services does NovoEd offer?
NovoEd offers Learn+, Mentor+, Practice+, and NovoAI.
Who are NovoEd's investors?
NovoEd has 7 investors. Key investors include Foundation Capital, Maveron, Costanoa, Ulu Ventures, and Kapor Capital.
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