# Novel Capital funding: rounds and investors

> Novel Capital has raised $15M across 1 round since 2024. Investors include Gaingels, Ulu Ventures and IGNIA. Every round with its source.

Source: https://millionrounds.com/company/novel-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Seed startup](https://millionrounds.com/companies)

# Who invested in *Novel Capital*

One round we have observed, with the 4 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Financial Services

Funding summary Updated 26 Oct 2026

**$15M** raised across 1 round since 2024, from 1 source

- **Latest round:** Seed, $15M May 2024
- **Investors:** 4

See who backed them

## The rounds

- **May 2024** Seed **$15M** [Gaingels](https://millionrounds.com/fund/gaingels) [Ulu Ventures](https://millionrounds.com/fund/ulu-ventures) [IGNIA](https://millionrounds.com/fund/ignia-partners) [KCRise Fund](https://millionrounds.com/fund/kcrise-fund) Source recorded SEC filing: $16M sold, first sale Feb 2024

## Founders and team

From the SEC filings it signed: 2 on the team.

- **Juan Carlos M. Antequera** Director, Executive Officer i
- **Keith M. Harrington** Director, Executive Officer i

## Everyone who backed them

[Gaingels](https://millionrounds.com/fund/gaingels) Private equity **1** round

[Ulu Ventures](https://millionrounds.com/fund/ulu-ventures) VC firm **1** round

[IGNIA](https://millionrounds.com/fund/ignia-partners) VC firm **1** round

[KCRise Fund](https://millionrounds.com/fund/kcrise-fund) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=novel-capital).

## Also claim to have backed them

These 3 firms list Novel Capital as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[IGNIA](https://millionrounds.com/fund/ignia-2) VC firm Per its own site

[Nueterra Capital](https://millionrounds.com/fund/nueterra-capital) VC firm Per its own site

[Plow Ventures](https://millionrounds.com/fund/plow-ventures-plowvc-com) VC firm Per its own site

## Quick answers about Novel Capital

### Who invested in Novel Capital?

Novel Capital's investors include Gaingels, Ulu Ventures, IGNIA and KCRise Fund.

### How much has Novel Capital raised?

Novel Capital has raised $15M across 1 round since 2024.

### When did Novel Capital last raise?

Novel Capital's most recent round was a Seed of $15M in May 2024.

### What was Novel Capital's biggest round?

Its most recent round, $15M in May 2024, is also its largest on record.

### Who backed Novel Capital first?

Novel Capital's first round on record, in May 2024, was backed by Gaingels, Ulu Ventures and IGNIA and 1 others.

### What stage is Novel Capital at?

Novel Capital's latest named round is a Seed, in May 2024.

### Where is Novel Capital based?

Novel Capital is based in the United States.

## Companies like Novel Capital

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

[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**CapitalOS** $52M · Oct 2026](https://millionrounds.com/company/capitalos)[**Platform Accounting Group** $355M · Oct 2026](https://millionrounds.com/company/platform-accounting-group)[**Ramp** $4.5B · Oct 2026](https://millionrounds.com/company/ramp)

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