About NOVX Systems
NOVX Systems is a Healthcare company based in Markham (Canada) founded in 2003, and was acquired by Qvella in June 2014. Web-based EMR and case management software is provided for healthcare. 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. Its focus areas include HealthTech, Healthcare IT, Provider and Hospital Information Systems. Its legal entity is NOVX Systems Corp.
Company details
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
- Headquarters Markham, Canada
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Website novxsystems.com
- Social LinkedIn X
- Acquired by Qvella (Jun 2014)
- Legal Name Novx Systems Corp.
- Total Equity Funding$18.15M (USD)
in 5 rounds
- Latest Funding Round$7.8M (USD), Series B
May 2008
- InvestorsCeltic House Venture Partners
& 4 more
- Acquired byQvella
(Jun 2014)
Products & Services of NOVX Systems
NOVX Systems offers a comprehensive portfolio of products and services, including PatientVu™ and PatientVu™ Mobile.
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 $18.15M
- Total Rounds 5
- Last Round Series B — $7.8M
- First Round $6.39M
(Mar 2005)
- Investors Count 4
All 5 funding rounds of NOVX Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2008 | $7.8M | Series B | – | – | |
| Aug 2007 | $3.38M | Debt – Venture | – | – | – |
| Aug 2006 | $3.95M | Series A | – | – | – |
| Apr 2006 | $2.5M | Debt – Venture | – | – | |
| Mar 2005 | $6.39M | Series A | – | – | – |
5 investors in total: 5 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of a venture capital firm that focuses on investing in early-stage technology startups | celtic.vc | Ottawa, Canada | ||
A private equity investment firm owned by Southern Ute Tribe. | 2003 | gfprivateequity.com | Ignacio, United States | |
Tech & Life-Sciences focused Growth stage Venture Debt Firm investing in North America | mmvf.com | Toronto, Canada | ||
| garywoitzik.com | ||||
Develops innovative platforms for accurate and rapid bacteria diagnosis in healthcare. | 2009 | qvella.com | Toronto, Canada |
Investor details for NOVX Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Timeline of NOVX Systems
4 dated milestones of NOVX Systems across 11 years, from founding to its latest funding, stage changes and deals.
- Founded NOVX Systems is founded.
- Funding First funding round of $6.4M.
- Funding Latest funding round, Series B, of $7.8M.
- Exit Acquired by Qvella.
Web traffic of NOVX Systems
The website of NOVX Systems (novxsystems.com) receives about 1.4K visits a month.
- Monthly visits1.4K
▼ 11.4% vs previous month
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Frequently Asked Questions about NOVX Systems
NOVX Systems was founded in 2003 and raised its 1st funding round 2 years after it was founded.
NOVX Systems is headquartered in Markham, Canada. It is registered at Markham, Ontario, Canada.
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 $6.39M, raised on Mar 2005.
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.
NOVX Systems offers PatientVu™ and PatientVu™ Mobile.
NOVX Systems has 5 investors. Key investors include Celtic House Venture Partners, GF Private Equity Group, Garywoitzik, MMV Financial, and Qvella Corporation.
NOVX Systems operates through Novx Systems Corp..
Yes. NOVX Systems was acquired by Qvella in June 2014.