About NovoGI
NovoGI is a company based in Netanya (Israel) founded in 1996 by Gavriel Meron. It operates as a B2B. NovoGI has raised $18.5 million across 1 funding round from investors including Forbion, Evergreen Venture Partners and Israel HealthCare Ventures. NovoGI operates in a competitive market with competitors including Axonics, Averto Medical, Boomerang Medical, Signum Surgical and MOWOOT, among others.
- Headquarter Netanya, Israel
- Founders Gavriel Meron
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.5 M (USD)
in 1 rounds
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Latest Funding Round
$18.5 M (USD), Series B
Aug 11, 2009
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Investors
Forbion
& 5 more
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Employee Count
Employee Count
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Funding Insights of NovoGI
NovoGI has successfully raised a total of $18.5M through 1 strategic funding round. The most recent funding activity was a Series B round of $18.5 million completed in August 2009. 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 Series B — $18.5M
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First Round
First Round
(11 Aug 2009)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2009 | Amount | Series B - NovoGI | Valuation |
investors |
| 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 NovoGI
NovoGI has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Forbion, Evergreen Venture Partners and Israel HealthCare 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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Venture capital firm focused on lifescience and healthcare sectors
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided to Israeli companies across sectors.
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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 NovoGI
| 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 - NovoGI
| 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 |
Novogi Comparisons
Competitors of NovoGI
NovoGI 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 Axonics, Averto Medical, Boomerang Medical, Signum Surgical and MOWOOT, 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 |
Sacral neuromodulation devices are developed for urinary and bowel control.
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| domain | founded_year | HQ Location |
Medical devices for gastrointestinal disease patients are developed.
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| domain | founded_year | HQ Location |
Bioelectronic devices are developed for autoimmune disease treatment.
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| domain | founded_year | HQ Location |
Surgically implanted devices for perianal fistula treatment are provided.
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| domain | founded_year | HQ Location |
A non-invasive medical device for chronic constipation treatment is developed.
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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 Novogi
Frequently Asked Questions about NovoGI
When was NovoGI founded?
NovoGI was founded in 1996 and raised its 1st funding round 13 years after it was founded.
Where is NovoGI located?
NovoGI is headquartered in Netanya, Israel. It is registered at Netanya, Central District, Israel.
Who is the current CEO of NovoGI?
Gavriel Meron is the current CEO of NovoGI. They have also founded this company.
Is NovoGI a funded company?
NovoGI is a funded company, having raised a total of $18.5M across 1 funding round to date. The company's 1st funding round was a Series B of $18.5M, raised on Aug 11, 2009.
What does NovoGI do?
NovoGI, based in Netanya, focuses on providing healthcare solutions, developing medical devices, surgical devices, and gi management. Provides compression anastomosis devices for GI disease management. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of NovoGI?
NovoGI's top competitors include Axonics, Signum Surgical and Exero Medical.
Who are NovoGI's investors?
NovoGI has 6 investors. Key investors include Forbion, Evergreen Venture Partners, Israel HealthCare Ventures, Alice Ventures, and SCP Vitalife.