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COLD START / catalog / c/novoretrieved 2026-06-16T16:48 UTC · 16 sources read

Novo

Novo provides a fee-free online business checking account and fintech platform for small businesses, with integrated apps, invoicing, and cash flow tools.

novo.co · New York

CALL NO.CS·NOVO·26
StageDebt FinancingAugust 2023 · led by Victory Park Capital[15][16]
Raised$296Mdisclosed rounds[15][16][2]
Headcount177sources disagree, see below[15][16]
Valuationnot publicly disclosedno source in ledger
Founded2016[15][16]
Money

Raised $296M across disclosed rounds.[15][16][2]

Debt Financing closed August 2023, led by Victory Park Capital.[15][16]

post-money valuation is not publicly disclosed.

Named investors include Stripes, Valar Ventures, Crosslink Capital, Rainfall Ventures, BoxGroup, GGV Capital (Notable Capital), Victory Park Capital, Red Sea Ventures, Techstars, RRE Ventures, Hack VC, Silicon Badia, Right Side Capital Management.[1][3][12][13][14][15][16]

People

Michael Rangel, Co-Founder & former CEO[1][6]

Tyler McIntyre, Co-Founder & CTO[1][6][8]

Jackson Barnes, CEO (since October 2025)[8][6]

Headcount: sources disagree
177as of Apr 2026

Novo · Jun 2026[15]

org_enrichment · Jun 2026[16]

Signals
Nov 22 2022fundingNovo Announces $35M in Funding for Small Business Platform company claim, not independently confirmed[12]
Jan 11 2022fundingNovo Raises $90M for Small Businesses Checking Accounts company claim, not independently confirmed[13]
Jun 16 2021fundingNovo Raises $40.7M Series A to Scale Banking Platform company claim, not independently confirmed[14]
Jan 11 2022fundingNovo, the SMB neobank, nabs $90M at a $700M valuation[1]
Nov 28 2022fundingU.S.-based Neobank Novo Secures $125 Million in Series B Funding[3]
Jan 11 2022fundingNovo Raises $90M in Series B Funding[4]
Comps

Mercury · mercury.com · Same buyer (small businesses/startups), same workflow (business checking account), same budget (banking fees and treasury).[1][5]

Brex · brex.com · Same buyer (SMBs/startups), overlapping workflow (business banking and spend management), same budget.[1][5]

NorthOne · northone.com · Same buyer (SMBs), same workflow (business checking), same budget.[1][5]

Lili · lili.co · Same buyer (freelancers and SMBs), same workflow (business checking with tax tools).[1][5]

Rho · rho.co · Same buyer (SMBs), same workflow (business checking, cards, spend management).[1][5]

Bluevine · bluevine.com · Same buyer (SMBs), same workflow (business checking and lending).[15]

Relay · relayfi.com · Same buyer (SMBs), same workflow (business checking with multi-user access).[15]

Risk

The customer proof is company-sourced only. No independent source in this ledger confirms it.[12]

Next question

Ask for one referenceable production customer.

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Sourcestracings · 16

Jun 2026 · startupintros.com

reported

Jun 2026 · finsmes.com

reported

Jun 2026 · techcrunch.com

reported

Jun 2026 · linkedin.com

vendor

Jun 2026 · linkedin.com

vendor

Jun 2026 · linkedin.com

vendor

Jun 2026 · linkedin.com

vendor

Jun 2026 · linkedin.com

vendor

Jun 2026 · linkedin.com

vendor

[15]Novo

Jun 2026 · novo.co

company

[16]org_enrichment

Jun 2026

vendor

Novo

CALL NO.CS·NOVO·26

Novo provides a fee-free online business checking account and fintech platform for small businesses, with integrated apps, invoicing, and cash flow tools.

novo.co · New York

StageDebt Financing
Raised$296M
Headcount177
Valuationnot publicly disclosed
Founded2016
CompsMercury +6

Ask for one referenceable production customer.

Not a recommendation. The first thing this ledger cannot answer.