KANSAS CITY, Missouri, July 18, 2022 (GLOBE NEWSWIRE) — capital of the novelthe fintech revenue growth platform that helps B2B companies accelerate their growth, today announced a startup extension round led by Ulu Ventureswith an additional contribution of MaterialScale, Capital of Edovate, Capital Tenzingand KCRiseName.
Entrepreneurs are facing greater challenges than ever, without always being able to diagnose what is holding them back. The issues typically lie in three key areas: the need for growth capital, identifying the right metrics, and knowing the strategies that match predictable revenue growth.
Novel’s revenue growth platform will help B2B founders act on the levers that accelerate growth. Clients can leverage their predictable earnings to access on-demand non-dilutive capital that grows with them. By connecting their systems, they get data-driven insights into their top barriers to revenue growth. The platform then matches businesses with machine learning-based recommendations and actionable strategies to overcome those obstacles.
“Early-career founders have passion and an idea, but they are still learning how to grow their business. If they can identify their barriers to growth and have the capital and strategies to overcome them, they will build capable businesses. overcome any market challenge,” said Carlos Antequera, CEO of Novel Capital. “The additional funding will accelerate the development of our revenue growth platform and enable more companies to reach their next level. of success.”
“Novel is at the center of powerful economic trends in the United States with small businesses adapting and innovating faster, the exponential growth of SaaS fueled by digital transformation, and the cooling of venture capital activity associated with the inflation that affects bank lending,” said Fernando Fabre, Partner Director at MatterScale. “Rarely do we see an opportunity with multiple gears in the right place, at the right time and with the right team.”
In many cases, capital is a primary concern for founders looking to grow. Novel’s revenue-based funding model is just one part of the larger revenue growth platform, providing a simple, transparent, and lower-risk alternative to bank debt. This non-dilutive option allows the Founders to accelerate their growth in several ways:
- Bridge between funding rounds to unlock new milestones for higher valuations
- Immediately invest in sales and marketing resources for revenue growth
- Hire more staff to meet the needs of new customers
- Mitigate predictable cash shortages in seasonal or cyclical businesses
“We see a ton of potential in Novel Capital’s approach to seed funding,” said Clint Korver, co-founder and managing director of Ulu Ventures. “The first-hand entrepreneurial experience they bring, coupled with their data-driven approach to funding, will increase access to funding for the next wave of large B2B companies.”
Entrepreneurs simply enter basic business information and connect core systems to The novel’s online platform. From there, key business data points are analyzed to identify potential barriers to growth and determine the amount of capital they can access. When the business is approved, it can access on-demand capital directly through the platform, with access to additional capital as it continues to grow and generate more revenue.
About Novel Capital
capital of the novel Fintech’s revenue growth platform aims to break down traditional barriers to growth faced by today’s B2B businesses. Their digital experience will allow founders to leverage predictable future earnings to access non-dilutive capital, unlock data-driven insights, and act on machine learning-based strategies that accelerate growth. The Novel platform allows entrepreneurs to capitalize on their momentum.
Media contact: Jon Keller, [email protected]
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