Novel Capital, established in 2020 and based in Kansas City, Missouri, is a fintech company specializing in non-dilutive growth capital for B2B software companies. Using a technology-driven platform, Novel Capital offers revenue-based financing solutions, allowing entrepreneurs to leverage their recurring revenue for immediate capital needs. The company was co-founded by Carlos Antequera, a former CEO of an education tech company, Netchemia, and has provided funding of over $90 million to more than fifty companies across various sectors.
| Attribute | Information |
|---|---|
| Founding Date | 2020 |
| Headquarters | Kansas City, Missouri, USA |
| Founders | Carlos Antequera |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Ulu Ventures, MatterScale, Edovate Capital, Tenzing Capital, KCRise |
| Industry | Fintech |
| Number of Employees | Approximately 50 |
Novel Capital was founded with the mission of providing revenue-based financing as a strategic alternative to traditional venture capital. Carlos Antequera and his co-founder observed the challenges entrepreneurs in nascent tech markets faced in securing appropriate funding. Their approach was rooted in leveraging predictable revenue streams rather than equity, allowing founders to maintain control of their companies. The founders drew from their experiences in the tech industry to develop a fintech platform that streamlined the application and approval processes, offering capital solutions tailored to their clients' needs without equity dilution.
Novel Capital's business model revolves around its fintech platform, which enables software-as-a-service (SaaS) companies to access capital efficiently. Key achievements include:
Novel Capital positions itself as a leader in the non-dilutive funding space, focusing predominantly on the SaaS market. The firm targets companies with predictable revenue streams, making it a preferred partner for entities looking to scale without losing equity stakes. Novel's competitive edge lies in its fast funding process, transparent pricing, and flexible repayment options, which resonate with founders seeking agile and responsive financial solutions. The company's operations have expanded significantly, with plans for further geographic and service diversification, including entry into international markets.
As Novel Capital continues to innovate in the fintech space, its impact on the SaaS market is profound, providing vital capital options that democratize access to funding. Moving forward, the company is positioned to expand its influence by leveraging technological advancements and strategic partnerships. With a focus on empowering entrepreneurs and fostering financial inclusivity, Novel Capital aims to redefine growth financing, ensuring that scaling ventures have the resources to thrive amid the dynamic landscape of today's technology economy.