Tech Company Financing Transactions

Novo Funding Round

Novo closed a $90 million Series B funding round on 1/12/2022. Investors included Stripes Group, BoxGroup and Crosslink Capital.

Transaction Overview

Company Name
Announced On
Transaction Type
Venture Equity
Series B

Stripes Group (Lead Investor) (Saagar Kulkarni)


Crosslink Capital (James Feuille)

Rainfall Ventures

Valar Ventures

Proceeds Purpose
Funding that it will use to build out its infrastructure (going from 24,000 customers to 150,000 is no small feat); to add in new products, specifically around lending; and to acquire more customers.

Company Information

Company Status
Private & Independent
Mailing Address
43 W 23rd St.
New York, NY 10010
Email Address
Novo is a banking platform that provides better business deposit accounts to today's companies and is powered by a network of FDIC-insured community banks. Novo is bringing small business banking into the modern age with easy-to-use tools for founders on the go.
Novo LinkedIn Company Profile
Social Media
Novo Company Twitter Account
Company News
Novo News
Novo on Facebook
Novo on YouTube

Management Team

Email & Social
Chief Executive Officer
Michael Rangel
  Michael Rangel LinkedIn Profile  Michael Rangel Twitter Account  Michael Rangel News  Michael Rangel on Facebook
Tyler McIntyre
  Tyler McIntyre LinkedIn Profile  Tyler McIntyre Twitter Account  Tyler McIntyre News  Tyler McIntyre on Facebook
VP - Operations
Pujish Amin
  Pujish Amin LinkedIn Profile  Pujish Amin Twitter Account  Pujish Amin News  Pujish Amin on Facebook
VP - Product Management
Miranda Garrido
  Miranda Garrido LinkedIn Profile  Miranda Garrido Twitter Account  Miranda Garrido News  Miranda Garrido on Facebook



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We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from publicly available VC deal announcements. The data comes to us via our partnership with, an affiliated venture.


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