About Novy
Novy is a company based in Kortrijk (Belgium) founded in 1907 was acquired by Korys in July 2021.. Novy offers products and services including Cooker Hoods, Venting Hobs, Induction Hobs, Lighting, and Accessories. Novy operates in a competitive market with competitors including JuuNoo, EconCore, Corialis, Group Thys and WALMAT, among others.
- Headquarter Kortrijk, Belgium
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Sectors
Real Estate & Construction
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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 Novy
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Products & Services of Novy
Novy offers a comprehensive portfolio of products and services, including Cooker Hoods, Venting Hobs, Induction Hobs, Lighting, and Accessories. 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.
Quiet and efficient devices for fume extraction in kitchens
Hobs with integrated extraction for direct fume removal
Advanced hobs offering flexible cooking zones and controls
Designer lights with adjustable intensity for ambient settings
Items like filters and motors for appliance maintenance
Funding Insights of Novy
| 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 Novy
Novy has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Korys. 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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Sustainable investing in conscious consumer, energy transition, and healthy living sectors.
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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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Novy
| 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 - Novy
| 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 |
Novy Comparisons
Competitors of Novy
Novy 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 JuuNoo, EconCore, Corialis, Group Thys and WALMAT, 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 |
Glass walls, windows, and doors are manufactured by JuuNoo.
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Wallpapers are manufactured by EconCore in Germany.
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Designs & manufacturer of interior doors, aluminium roof systems, and conservatories for buildings
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Interior products are manufactured by Group Thys in Belgium.
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Roofing, insulation, sanitary, and gardening materials are manufactured.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Novy
Frequently Asked Questions about Novy
When was Novy founded?
Novy was founded in 1907.
Where is Novy located?
Novy is headquartered in Kortrijk, Belgium. It is registered at Kortrijk, West Flanders, Belgium.
Who is the current CEO of Novy?
Carlos Wanzeele is the current CEO of Novy.
What does Novy do?
Novy was established in 1907 in Kortrijk, Belgium, where operations focus on the production of cooker hoods and hobs within the home appliances sector. Manufacturing processes are centered in Belgium, with products distributed to support kitchen ventilation and cooking needs across European markets. Leadership is held by CEO Carlos Wanzeele, overseeing the companys ongoing development in durable appliance solutions.
Who are the top competitors of Novy?
Novy's top competitors include JuuNoo, Group Thys and EconCore.
What products or services does Novy offer?
Novy offers Cooker Hoods, Venting Hobs, Induction Hobs, Lighting, and Accessories.
Who are Novy's investors?
Novy has 1 investor. Key investors include Korys.
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