Novo

Novo is a technology company.

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Updated: Feb 17, 2026 ·

Recent News & Mentions

Nov 1, 2022FundingNovo - Series B Jan 1, 2022FundingNovo - Series B Jun 1, 2021FundingNovo - Series A Mar 1, 2019FundingNovo - Seed

Financial History

Novo has raised $171.0M across 4 funding rounds. Most recently, it raised $35.0M Series B in November 2022.

Total Raised

$171.0M

Valuation

N/A

Funding Rounds Raised

Date	Round	Other Investors
Nov 1, 2022	$35.0M Series B	Alt Capital, Arrive, Ascend Vietnam Ventures, Basis Set Ventures, Bond, Coatue, CRV, Ensemble VC, Khosla Ventures, Liquid 2 Ventures, Mayfield, Norwest Venture Partners, Hans Tung, Notable Capital, Outcast Ventures, Peterson Partners, SciFi VC, Soma Capital, Arash Ferdowsi, Bernard Arnault, Brad Bao, Claire Hughes Johnson, Deborah Liu, Fidji Simo, Frederic Kerrest, Jenna Hannon, Manish Chandra, Mathilde Collin, Rob Chesnut, Sahin Boydas, Theresa Johnson, Tony Xu
Jan 1, 2022	$90.0M Series B	Accel, AngelList, Avalancha Ventures, Benchmark, Brighton Park Capital, Buckley Ventures, Cowboy Ventures, Crosslink Capital, Cyberstarts VC, DST Global, E14 Fund, Felix Capital, Floodgate, Founders Fund, Fuel Ventures, Greycroft, Hetz Ventures, Human Augmentation Syndicate, Insight Partners, March Capital, Mars Growth Capital, Nyca Partners, Presight Capital, QueensBridge Venture Partners, Rainfall Ventures, Relay Ventures, Sapphire Ventures, Seven Seven Six, Howard Lindzon, Susa Ventures, Greg Bettinelli, The Hit Forge, Transmedia Capital, Valar Ventures, Y Combinator, Abhinav Asthana, Andrew Bialecki, Ben Bernstein, Danny Hadar, Eric Ries, Erik Podzuweit, Florian Prucker, John Fontein, Josh Spear, Mato Peric, Michael Birch, Nico Rosberg, Oliver Jung, Philippe Teixeira da Mota, Sahin Boydas, Sean Park, Yevgeny Dibrov
Jun 1, 2021	$41.0M Series A	Accel, AngelList, Avalancha Ventures, Buckley Ventures, Cowboy Ventures, Cyberstarts VC, DST Global, E14 Fund, Felix Capital, Floodgate, Founders Fund, Fuel Ventures, Greycroft, Hetz Ventures, Human Augmentation Syndicate, Insight Partners, March Capital, Mars Growth Capital, Nyca Partners, Presight Capital, QueensBridge Venture Partners, Rainfall Ventures, Relay Ventures, Seven Seven Six, Howard Lindzon, Susa Ventures, Greg Bettinelli, The Hit Forge, Transmedia Capital, Valar Ventures, Y Combinator, Abhinav Asthana, Andrew Bialecki, Ben Bernstein, Danny Hadar, Eric Ries, Erik Podzuweit, Florian Prucker, John Fontein, Josh Spear, Mato Peric, Michael Birch, Nico Rosberg, Oliver Jung, Philippe Teixeira da Mota, Sahin Boydas, Sean Park, Yevgeny Dibrov
Mar 1, 2019	$5.0M Seed	Accel, Avalancha Ventures, Benchmark, Brighton Park Capital, Buckley Ventures, Cowboy Ventures, Crosslink Capital, E14 Fund, Felix Capital, Floodgate, Human Augmentation Syndicate, Kindred Capital VC, March Capital, Nyca Partners, QueensBridge Venture Partners, Rainfall Ventures, Relay Ventures, Sapphire Ventures, Seven Seven Six, Howard Lindzon, Susa Ventures, Greg Bettinelli, The Hit Forge, Transmedia Capital, Y Combinator, Andrew Bialecki, Eric Ries, John Fontein, Josh Spear, Michael Birch, Nico Rosberg, Sahin Boydas, Sean Park

Financial History

Novo has raised $171.0M across 4 funding rounds.

Total Raised

$171.0M

Valuation

N/A

Deep Dive

High-Level Overview

Novo refers to multiple technology companies, with no single dominant entity matching a high-profile startup or investment firm. The most comprehensive profile is Novo Technology (novo.co.tt), a diversified tech firm based in Trinidad and Tobago focused on pioneering innovations in technology, media, farms, communications, and life solutions under its LIFE brand. It offers services like online payment processing, virtual banking, website and mobile app development, and 100% Fiber To The Home networks—the first in its region—aiming to improve customer lives through environmentally friendly, innovative solutions.[1]

Other entities include Novo Technologies (novo-tech.com), a privately held company investing in and developing IoT, Big Data, and Smart City technologies for connected environments; Novo Tech Software (novotechsoftware.com), a geotechnical engineering software provider since 1997 serving 1000+ users in 50+ countries; and Novo Technologies USA (novotechnologies.com), a Modesto, California-based custom software developer founded in 2011 with ~29 employees and $10M revenue, specializing in onshore teams for web, mobile, and Windows apps.[2][3][4][5] These serve industries from urban infrastructure to engineering, solving problems in data-driven connectivity, specialized software needs, and scalable development.

Origin Story

Novo Technology (Trinidad and Tobago) embodies its name's Latin root—"new" or "a new way of doing things"—with a core ideology of innovation across life sectors like farming, communication, and consumer experiences via the LIFE brand. It emerged as a strategic thinker in competitive intelligence and game-changing tech, expanding from digital services to regional fiber networks and entertainment.[1]

Novo Tech Software traces to 1997 when founders launched PEYSANJ bearing capacity software, followed by NovoLAB borehole log tools in 2003 and Jarf Andish System Inc. By 2008, it pioneered an application framework for geotechnical tools, now headquartered in Vancouver with global reach in engineering software.[3] Novo Technologies USA started in 2011 in Modesto, growing from 2 to 60+ employees by focusing on client partnerships for cost-effective software processes.[4][5] Novo Technologies (novo-tech.com) lacks a specified founding date but built on in-house R&D for IoT and Smart Cities.[2]

Core Differentiators

Diversified Innovation Portfolio (Novo Technology): Unique blend of payment processing, virtual banking, app development, and fiber optics; first 100% Fiber To The Home provider in Trinidad and Tobago, with a LIFE brand addressing global challenges in farming, comms, and consumer tech.[1]
R&D and Investment Focus (Novo Technologies): In-house knowledge hub for IoT, Big Data, Smart Cities; strong IP development, market partnerships, and integration for lasting, data-driven solutions in safer communities.[2]
Specialized Engineering Tools (Novo Tech Software): Affordable, intuitive geotechnical software (e.g., NovoCPT, NovoLIQ, NovoSPT) with technical references and global adoption in 50+ countries; bridges engineering judgment and programming since 1997.[3]
Onshore Development Teams (Novo Technologies USA): Scalable, transparent custom software for web/mobile/Windows; deep client integration as "software development muscle," emphasizing trust, efficiency, and U.S.-based proximity.[4][5]

Role in the Broader Tech Landscape

These Novo entities ride trends in digital infrastructure and specialized tech adoption. Novo Technology taps Caribbean digital transformation, expanding fiber and fintech amid rising demand for affordable connectivity and e-services in emerging markets.[1] Novo Technologies aligns with global IoT/Smart City growth, enhancing urban interactivity amid urbanization and data explosion.[2] Novo Tech Software supports sustainable engineering in infrastructure like hydro projects, critical for climate-resilient development.[3] Novo Technologies USA addresses onshoring in software amid supply chain shifts post-2020s disruptions.[4][5]

Timing favors them: Post-pandemic connectivity booms, AI/IoT integration, and regional tech investments create tailwinds. They influence ecosystems by democratizing tools—fiber for underserved areas, geotech for remote projects, custom dev for SMEs—fostering innovation in niche markets.

Quick Take & Future Outlook

Novo companies position for expansion in connected, data-centric worlds: expect Novo Technology to scale LIFE solutions regionally amid 5G/6G rollout; Novo Technologies to deepen Smart City partnerships; Novo Tech Software to integrate AI for engineering; and Novo Technologies USA to grow onshore demand. Trends like edge computing, sustainable infra, and nearshoring will propel them, evolving influence from niche players to ecosystem enablers. This "new way" ethos ties back to pioneering tech that reshapes industries, ready for a Novo LIFE in evolving markets.

Sources

Frequently Asked Questions

How much funding has Novo raised?

Novo has raised $171.0M in total across 4 funding rounds.

Who are Novo's investors?

Novo's investors include Alt Capital, Arrive, Ascend Vietnam Ventures, Basis Set Ventures, Bond, Coatue, CRV, Ensemble VC, Khosla Ventures, Liquid 2 Ventures, Mayfield, Norwest Venture Partners.