Novel announces Seed Round Extension to further their Revenue Growth Platform
Break Down Your Barriers to Growth
Our innovative funding platform is custom-built for B2B Tech Founders to take on their biggest challenges.
$115M Ready to Deploy Towards Your Growth
You’re in Charge of Your Capital Choices
You make big decisions every day – why should you settle for anything less from your capital provider? Pick a platform who best aligns with the needs of your business.
Multiple Products Created for Your Journey
One-size doesn’t fit all. Novel lets you choose which capital vehicle makes the most sense for your business model.
Flexible Terms to Support Your Growth
With distinct payment types and patient repayment terms of 12 to 36 months, you pick what works for you.
Optimize Your Cost of Capital
Draw the amount of money you need, when you need it, directly through the platform. Only pay for what you take.
Empower Your Growth Initiatives
Hire staff to support implementations
Faster growth with sales & marketing resources
Bridge between equity rounds
Smooth your seasonal cashflow
Funding in 4 Simple Steps
Create Your Account
Sync Your Data
Frequently Asked Questions
Revenue-based financing (RBF), sometimes referred to as royalty-based financing, is non-dilutive capital funding provided based on a company’s monthly recurring revenue. With RBF, investors give a lump sum of capital in exchange for a fixed percentage of monthly revenue. Capital is returned to investors by paying the monthly royalty up to a predetermined return cap.
Our revenue-based financing is designed for software companies with the following financial characteristics:
- B2B Companies with Predictable Revenue
- Minimum Revenue of $350k
- Revenue Growth of 10%+ YoY
- Seeking $100k-$5M
One of the advantages of RBF is that it is very flexible and useful across many stages of a company. On top of these financial characteristics, you can be a great fit for RBF whether you’re a bootstrapped company, have prior angel or VC investment, are looking for a bridge round, or are working to wrap up your current fundraise. At Novel Capital, we work with founders who value operational help and are seeking capital targeted to accelerate revenue growth, rather than R&D.
We can generally provide capital up to 40% of the value of your annual revenue. We invest anywhere between $100k to $1M in an initial check and can provide up to $5M to fuel your growth.
Our process is transparent and simple; there are no personal guarantees, covenants or warrants required. Unlike venture debt, we don’t require the companies we invest in to be venture-backed. You can continue to get capital on-demand as you continue to grow.
We also understand that you may have other investors that have provided you capital. We will not take over your company or its IP, if things don’t go well.
While companies that have MRR and ARR fit our model well, it is not a requirement to our financing. We work well with companies that have recurring and one-time revenues.
We know you have better things to do than spend months fundraising. From an introductory call to wiring of funds, our process takes less than 30 days.
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