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Office Locations:
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6405 Metcalf Ave, Suite 412
Overland Park, KS 66202
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Novel Growth Partners is a revenue-based financing venture debt fund that provides flexible capital solutions to early-stage software companies. The firm seeks companies with more than $500K in revenue, that are near profitability, and have 30% YoY growth and predictable revenue. Through revenue based financing, instead of buying equity and waiting for an exit, Novel gets returns via a monthly royalty payment based on the company's sales. Royalties are capped at 1.5X to 2.0X the capital invested and once a predetermined investment return cap is reached, the company stops paying the royalty. Novel provides companies $100K to $1 million in growth capital and leverages the operational expertise of its founders and partners to provide tactical sales and marketing support to entrepreneurs via its proprietary Revenue Acceleration Platform. Novel does not take equity or require personal guarantees.
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Investment Firm Key
VC = Venture Capital
PE = Private Equity
A = Angel
I = Incubator
MB = Merchant Bank
VD = Venture Debt
FI = Family Investment Office
FOF = Fund of Funds
ED = Economic Development Office
TT = Technology Transfer Office
CVC = Corporate Venture Capital
SEC = Secondary Purchaser
HF = Hedge Fund/Mutual Fund
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| COMPANY STAGE | REVENUE |
| Venture Capital | |
Seed Stage
(includes "pre-seed," or
concept stage) | No Revenue |
| Early Stage | Minimal
Revenue |
Growth Stage
(also called Mid-stage) | $2M-$7M |
Expansion Stage
(also called Late-stage) | $7M and greater |
| Private Equity | |
| Lower Middle Market | $10M-$249M |
| Middle Market | $250M-$499M |
| Upper Middle Market | $500M-$1B |
| Large Cap | >$1B |
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