Press Release January 11, 2022

Novo Completes $90 Million Series B

The New York Technology team advised Novo on the completion of its $90 million Series B Preferred Stock financing that values the startup at $700 million. The round was co-led by Stripes, LLC and Valar Ventures with participation from new and existing investors, including BoxGroup, Crosslink Capital, Rainfall Ventures and 137 Ventures.

Novo is customer-first banking for the modern entrepreneur, giving users the flexibility to bank on their own terms.

The Goodwin team was led by Jonathan ChouSumin Seo and Jae Zhou with additional support from Janet Andolina, Cameron Contizano, Kimberly Monty Holzel, James Hutchinson, Paul Jin, Abhishek Krishnan, Kevin Walsh, Brad Weber and Michael Whalen.

For additional details on the financing round, please read coverage in TechCrunch.