Novel announces Seed Round Extension to further their Revenue Growth Platform
Scale your SaaS Company with flexible, non-dilutive capital
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Access non-dilutive or equity financing to accelerate your growth.
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From 3-month to 36-months, we have the payoff timelines that fit your cashflow.
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4 Tips for Identifying the Right Funding for Your Business
Interest Rates, Caps, and Discount Rates: Are You Struggling to Tell the Difference?
3 Alternatives to a Venture Raise
Understanding 7 Primary Types of Startup Funding and the Varying Costs of Capital
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Extend Runway
Add to your runway and secure peace of mind.
Accelerate Revenue
Invest in sales & marketing to improve revenue growth.
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Find the right type of capital for your speed.
Fill Cashflow Gaps
Tools & capital to help you get ahead of lumpy cashflow.
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Get non-dilutive capital now without impacting a future exit.
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Sell and implement faster by adding talent.
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Create a safety net for your most critical expenses.
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Sustain the organization on your way to your next raise.
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Knowing Better, Growing Faster
Revenue-based financing (RBF) is a is form of non-dilutive funding underwritten based on a startup’s monthly or annual recurring revenue (MRR or ARR). Entrepreneurs receive a lump sum of capital, which is then returned through monthly payments up to a predetermined return cap.
Traditional RBF providers require repayment through a monthly percentage of revenue.
At Novel, we approach startup financing differently. We offer simple fixed monthly payments and patient payback periods from 1-to-36-months.
Our revenue-based financing (RBF) is designed for SaaS & tech companies with the following financial characteristics:
- Minimum $350k revenue + targeting profitability
- 10%+ YoY revenue growth
- Predictable revenue
- Seeking at least $100k in funding
One of the advantages of our financing is that it is very flexible and useful across many stages of a company.
Novel’s funding is a great fit whether you’re a bootstrapped company, have prior angel or VC investment, are looking to bridge to a round, or as a part of your current fundraise.
At Novel Capital, we work with founders who are seeking capital targeted to accelerate revenue growth or support working capital needs, rather than strictly R&D.
We will generally provide a committed capital line up to 40% of the value of your annual revenue.
We provide entrepreneurs anywhere between $100k to $5m to fuel their growth. Additional capital is easily unlocked as your company continues to perform.
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. Your company and IP are never at risk with Novel.
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. You can receive capital in-hand within 10 days of your completed application.
Your Next Chapter Starts Here
Boost your capital IQ and start accelerating your growth today.
