At Novel we invest in entrepreneurs who had the passion to transform their ideas into a product. The grit to earn paying customers. And who now have the commitment to deliver what they promised so those customers keep coming back.
Our portfolio includes some of the most courageous, results-oriented people we’ve ever met. Explore how our partners have used non-dilutive funding to grow their companies.
“Initially, partnering with Novel was about access to non-dilutive capital. What we found along the way was that we also acquired a breadth of industry knowledge, strategic value and a tremendous network that has been invaluable to our growth.“
Lee Firestone, CEO OpenReel
” Rather than just being a source of funding, the Novel team has been able to share entrepreneurial lessons (helping us avoid some key mistakes) while providing invaluable sales and marketing resources. Most of our investors simply want a report on what their funding is doing – Novel however, wants to help us make our funding do bigger things!”
Alex Linebrink, Passage, Detroit, MI
“When we received highly competitive National Science Foundation SBIR Grants totaling nearly $1 million we were encouraged to seek out additional venture capital investment to accelerate growth. We did not feel comfortable with any of the VC potential partners we met. They seemed pretentious and wanted an equity position in the company. Then we met the Novel leadership. They seemed genuinely interested in us and our business and were willing to invest capital and resources to help develop our sales +strategies. Once funding officially closed, they spent significant time with our management team. Although they have substantially grown since our initial engagement, they still make time to provide feedback and advice when we need it”
Guy Townsend, MyMajors, Kansas City, MO
“We value Novel’s integrity and commitment to their word. We also appreciate honest, candid and precise advice. While all partners offer help, this team delivers. In addition, they have an understanding of the challenges of a growing business and know when and how to provide meaningful guidance.”