About NOVX Systems
NOVX Systems is a company based in Markham (Canada) founded in 2003 was acquired by Qvella in June 2014.. NOVX Systems has raised $18.15 million across 5 funding rounds from investors including Celtic House Venture Partners, GF Private Equity Group and Garywoitzik. NOVX Systems offers products and services including PatientVu™ and PatientVu™ Mobile. NOVX Systems operates in a competitive market with competitors including Modernizing Medicine, Practice Fusion, Flatiron Health, Greenway Health and Medsphere Systems, among others.
- Headquarter Markham, Canada
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Sectors
Healthcare
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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 Novx Systems Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.15 M (USD)
in 5 rounds
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Latest Funding Round
$7.8 M (USD), Series B
May 02, 2008
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Investors
Celtic House Venture Partners
& 4 more
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Employee Count
Employee Count
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Acquired by
Qvella
(Jun 03, 2014)
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Products & Services of NOVX Systems
NOVX Systems offers a comprehensive portfolio of products and services, including PatientVu™ and PatientVu™ Mobile. 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.
Software for managing patient records in addiction and pain clinics.
App for accessing clinic data and scripts on the go securely.
Funding Insights of NOVX Systems
NOVX Systems has successfully raised a total of $18.15M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $7.8 million completed in May 2008. 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 B — $7.8M
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First Round
First Round
(01 Mar 2005)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2008 | Amount | Series B - NOVX Systems | Valuation |
investors |
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| Aug, 2007 | Amount | Debt – Venture - NOVX Systems | Valuation |
investors |
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| Aug, 2006 | Amount | Series A - NOVX Systems | Valuation |
investors |
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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 NOVX Systems
NOVX Systems has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Celtic House Venture Partners, GF Private Equity Group and Garywoitzik. 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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Provider of a venture capital firm that focuses on investing in early-stage technology startups
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Founded Year | Domain | Location | |
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A private equity investment firm owned by Southern Ute Tribe.
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Founded Year | Domain | Location | |
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Tech & Life-Sciences focused Growth stage Venture Debt Firm investing in North America
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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 NOVX Systems
| 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 - NOVX Systems
| 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 |
Novx Systems Comparisons
Competitors of NOVX Systems
NOVX Systems 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 Modernizing Medicine, Practice Fusion, Flatiron Health, Greenway Health and Medsphere Systems, 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 |
AI-driven EMR and practice management software is delivered for clinics.
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| domain | founded_year | HQ Location |
Cloud-based EHR system is provided for physicians' practices.
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| domain | founded_year | HQ Location |
Cloud-based oncology management tools are provided for cancer care providers.
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| domain | founded_year | HQ Location |
Clinical and financial solutions are delivered to ambulatory providers.
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| domain | founded_year | HQ Location |
Open-source healthcare software is provided by Medsphere Systems.
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| domain | founded_year | HQ Location |
SaaS-based practice management solution is provided for healthcare professionals.
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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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Frequently Asked Questions about NOVX Systems
When was NOVX Systems founded?
NOVX Systems was founded in 2003 and raised its 1st funding round 2 years after it was founded.
Where is NOVX Systems located?
NOVX Systems is headquartered in Markham, Canada. It is registered at Markham, Ontario, Canada.
Is NOVX Systems a funded company?
NOVX Systems is a funded company, having raised a total of $18.15M across 5 funding rounds to date. The company's 1st funding round was a Series A of $3.95M, raised on Mar 01, 2005.
What does NOVX Systems do?
NOVX Systems provides a web based EMR and Case Management software. Their flagship product PatientVu is a software platform designed to manage electronic healthcare records. This platform delivers patients complete case history in real-time at the point-of-collection. When combined with X42R Reader, results are automatically uploaded providing complete and quick results to decision-makers. Some of the modules are Physician Dashboard, Report Generation, Patient Calendar, Appointment Manager, Prescription Manager, Waiting Room Monitor, Drug Screen Interpretations, Automated Billing, and Lab Result Import.
Who are the top competitors of NOVX Systems?
NOVX Systems's top competitors include Modernizing Medicine, Eka Care and Flatiron Health.
What products or services does NOVX Systems offer?
NOVX Systems offers PatientVu™ and PatientVu™ Mobile.
Who are NOVX Systems's investors?
NOVX Systems has 5 investors. Key investors include Celtic House Venture Partners, GF Private Equity Group, Garywoitzik, MMV Financial, and Qvella Corporation.
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