United States · Seed startup

Who invested in Novel

4 rounds we have observed, with the 4 investors 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.

E-commerce

Y Combinator: S20

Funding summaryUpdated 26 Oct 2026

$8.3Mraised across 4 rounds since 2010, from 4 sources

$550KVenture$1.6MVenture$110KDebt$6.0MSeed
Latest round
Seed, $6.0MApr 2022
Step-upi
54.5×
Investors
4
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2010201220142016201820202022
$550KVenture$1.6MVenture$110KDebt$6.0MSeed
First round
Venture, $550K
Jun 2010
Biggest round
$6.0M
Seed · Apr 2022
Usual gap between rounds
18 months
the median of 3

The rounds

  1. Apr 2022
    Seed$6.0M2 new

    Source recorded

  2. Feb 2012
    Debt$110K

    No investor was named in the report.

    Reported by sec.govSEC filing: $110K sold, first sale Jan 2012

  3. Dec 2011
    Venture$1.6M

    No investor was named in the report.

    Reported by sec.govSEC filing: $1.6M sold, first sale Jun 2011

  4. Jun 2010
    Venture$550K2 new

    Reported by sec.govSEC filing: $550K sold, first sale Jun 2010

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Venture2010Venture2011Debt2012Seed2022Lerer HippeauCostanoa VenturesMcLean CapitalNairbo Investment

Everyone who backed them

Lerer HippeauVC firm1round
Costanoa VenturesVC firm1round
McLean CapitalVC firm1round
Nairbo Investmentno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Quick answers about Novel

Who invested in Novel?

Novel's investors include Lerer Hippeau, Costanoa Ventures, McLean Capital and Nairbo Investment.

How much has Novel raised?

Novel has raised $8.3M across 4 rounds since 2010.

When did Novel last raise?

Novel's most recent round was a Seed of $6.0M in Apr 2022.

What was Novel's biggest round?

Its most recent round, $6.0M in Apr 2022, is also its largest on record.

Who backed Novel first?

Novel's first round on record, in Jun 2010, was backed by McLean Capital and Nairbo Investment.

What stage is Novel at?

Novel's latest named round is a Seed, in Apr 2022.

Where is Novel based?

Novel is based in the United States.

Companies like Novel

In the same sector, and raised in the last eighteen months.

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