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§ Venture Capital · New York City, NY, USA
Novel Capital provides non-dilutive financing for B2B SaaS companies with recurring revenue. The firm leverages real-time data and AI to deliver analytics and strategic funding, offering capital swiftly for growth without equity dilution. This approach serves as a flexible alternative to traditional venture capital, addressing software business financial needs.
Founded in 2018 by Carlos Antequera and Keith Harrington, Novel Capital emerged from recognizing capital access challenges for tech firms. Carlos Antequera, a former EdTech CEO, provided operational leadership, while Keith Harrington brought venture capital experience. Their partnership aimed to create accessible, founder-friendly funding, particularly for underserved markets.
Novel Capital's customers are early-stage B2B SaaS and technology companies seeking growth capital without ownership dilution. The company’s vision is to empower these businesses through efficient, non-dilutive funding, fostering their sustained development. Novel Capital seeks to redefine how technology companies secure capital, aligning with founder interests for lasting success.
Novel Private Equity has 1 tracked investment across 1 company. The latest tracked deal is $16.0M Seed in Swiftly in September 2019.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 1, 2019 | Swiftly | $16.0M Seed | — | Altair Capital Management, Ballast Point Ventures, B Capital Group, DNX Ventures, IDG Ventures, Alexander Rosen, Thayer Ventures, Erik Blachford, RON Burkle, SAM Mcbride, Vivek Garipalli, Mendacre, The Ward Family |