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Novel TMT Ventures

Investor type Venture Capital


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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 57
Average round size
The average size of a deal this fund participated in
Portfolio companies 41
Rounds per year 3.35
Lead investments 1
Follow on index
How often the fund supports its portfolio startups at next rounds
Exits 11
Key employees 1
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • E-Commerce
  • Fashion
  • Software
  • SaaS
  • Internet

Novel TMT Ventures appeared to be the VC, which was created in 2005. The company was established in North America in United States. The main office of represented VC is situated in the New York.

The top amount of exits for fund were in 2019. Speaking about the real fund results, this VC is 16 percentage points less often commits exit comparing to other organizations. Comparing to the other companies, this Novel TMT Ventures performs on 17 percentage points less the average number of lead investments. The top activity for fund was in 2013. The fund is constantly included in 2-6 deals per year. The usual things for fund are deals in the range of 10 - 50 millions dollars.

Besides, a startup needs to be aged 2-3 years to get the investment from the fund. The fund has no specific favorite in a number of founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager. We can highlight the next thriving fund investment areas, such as B2B, Big Data. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the various public portfolio startups of the fund, we may underline The RealReal, Rent the Runway, Stella Connect

Besides them, we counted 1 critical employee of this fund in our database.

The usual cause for the fund is to invest in rounds with 7-8 partakers. Despite the Novel TMT Ventures, startups are often financed by Greycroft, Spider Capital, RRE Ventures. The meaningful sponsors for the fund in investment in the same round are Spider Capital, Greycroft, In the next rounds fund is usually obtained by Spider Capital, Signal Peak Ventures, Beanstalk Ventures.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Novel TMT Ventures:
Typical Co-investors
Novel TMT Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Novel TMT Ventures:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation


$16M15 Jun 2022 California, United States

Bloom & Wild

$41M28 Jul 2021 London, England, United Kingdom

Elevate Brands

Consumer Goods
$250M12 Jul 2021 New York, New York, United States

Elevate Brands

Consumer Goods
$55M25 Feb 2021 New York, New York, United States

Backbone PLM

Consumer Goods
$10M05 Aug 2019 Boulder, Colorado, United States


Computer Vision
$16M28 Mar 2019 New York, New York, United States


$8M30 Jan 2019 San Francisco, California, United States

Backbone PLM

Consumer Goods
$8M14 Aug 2018 Boulder, Colorado, United States


$10M17 Jul 2018 Ontario
Elevate Brands Raises Additional $250M in Funding to Fuel Global Acquisitions of Amazon Marketplace Sellers

– Elevate Brands raised an additional $250m, bringing the company’s funding total to over $317m in 2021.
– The majority of the funding comes from its existing global group of technology, fintech and eCommerce business leaders, as well as new investors that include Novel TMT, FJ Labs, the chairman of SEA (which owns Southeast Asia’s largest eCommerce platform), the former CEO of The Iconic, board members of Yieldstreet and Advantia Health, the co-founders of Intermix and Quadpay, and Ted Zagat, the co-founder of Rimeto.
– Elevate Brands has quickly gained operational leverage across its portfolio by implementing best practice branding and supply chain optimization to its portfolio of category-leading brands.


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