United States · 
Who invested in Novan?
Novan's investors include Malin Corporation.
201020112012201320142015
$2.0MVenture$4.0MVenture$6.0MSeries C$11MVenture$3.5MDebt$10MVenture$50MVentureUnited States · Venture startup
Who invested in Novan
7 rounds we have observed, with the one investor named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.
Funding summaryUpdated 26 Oct 2026
$87Mraised across 7 rounds since 2009, from 7 sources
$2.0MVenture$4.0MVenture$6.0MSeries C$11MVenture$3.5MDebt$10MVenture$50MVenture
- Latest round
- Venture, $50MMar 2015
- Step-upi
- 4.8×
- Investors
- 1
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Venture, $2.0M Jul 2009
- Biggest round
- $50M Venture · Mar 2015
- Usual gap between rounds
- 12 months the median of 6
The rounds
- Mar 2015Venture$50M1 new
From a historical funding recordSEC filing: $50M sold, first sale Aug 2014
- Aug 2014Venture$10M
No investor was named in the report.
From a historical funding recordSEC filing: $10M sold, first sale Aug 2014
- Mar 2014Debt$3.5M
No investor was named in the report.
From a historical funding recordSEC filing: $3.5M sold, first sale Feb 2014
- Feb 2013Venture$11M
No investor was named in the report.
Reported by sec.govSEC filing: $11M sold, first sale Apr 2012
- Oct 2011Series C$6.0M
No investor was named in the report.
Reported by fis.dowjones.comSEC filing: $6.0M sold, first sale Nov 2010
- Jan 2011Venture$4.0M
No investor was named in the report.
Reported by sec.govSEC filing: $4.0M sold, first sale Nov 2010
- Jul 2009Venture$2.0M
No investor was named in the report.
From a historical funding recordSEC filing: $2.0M sold, first sale Jul 2009
Everyone who backed them
Missing a round, or an investor who was in one? Tell us.
Quick answers about Novan
How much has Novan raised?
Novan has raised $87M across 7 rounds since 2009.
When did Novan last raise?
Novan's most recent round was a Venture of $50M in Mar 2015.
What was Novan's biggest round?
Its most recent round, $50M in Mar 2015, is also its largest on record.
Who backed Novan first?
Novan's first round on record, in Mar 2015, was backed by Malin Corporation.
What stage is Novan at?
Novan's latest named round is a Venture, in Mar 2015.
Where is Novan based?
Novan is based in the United States.
Find investors like these
Search every investor by what they have actually funded, then narrow to your stage and market. Free.