# Novel funding: rounds and investors

> Novel has raised $8.3M across 4 rounds since 2010. Investors include Lerer Hippeau, Costanoa Ventures and McLean Capital. Every round with its source.

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

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

# 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 summary Updated 26 Oct 2026

**$8.3M** raised across 4 rounds since 2010, from 4 sources

**$550K** Venture **$1.6M** Venture **$110K** Debt **$6.0M** Seed

- **Latest round:** Seed, $6.0M Apr 2022
- **Step-up i:** 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.

2010 2012 2014 2016 2018 2020 2022

**$550K** Venture

**$1.6M** Venture

**$110K** Debt

**$6.0M** Seed

- **First round:** Venture, $550K
- **Biggest round:** $6.0M
- **Usual gap between rounds:** 18 months

## The rounds

- **Apr 2022** Seed **$6.0M** *2 new* [Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) [Costanoa Ventures](https://millionrounds.com/fund/costanoa-ventures) Source recorded
- **Feb 2012** Debt **$110K** No investor was named in the report. Reported by sec.gov SEC filing: $110K sold, first sale Jan 2012
- **Dec 2011** Venture **$1.6M** No investor was named in the report. Reported by sec.gov SEC filing: $1.6M sold, first sale Jun 2011
- **Jun 2010** Venture **$550K** *2 new* [McLean Capital](https://millionrounds.com/fund/mclean-capital) Nairbo Investment Reported by sec.gov SEC 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.

**Venture** 2010 **Venture** 2011 **Debt** 2012 **Seed** 2022 [Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) [Costanoa Ventures](https://millionrounds.com/fund/costanoa-ventures) [McLean Capital](https://millionrounds.com/fund/mclean-capital) Nairbo Investment

## Everyone who backed them

[Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) VC firm **1** round

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

[McLean Capital](https://millionrounds.com/fund/mclean-capital) VC firm **1** round

Nairbo Investment no record of our own yet **1** round

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

## 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.

[**Whop** $400M · Oct 2026](https://millionrounds.com/company/whop)[**Rosie** $7.0M · Oct 2026](https://millionrounds.com/company/rosie)[**Stord** $782M · Oct 2026](https://millionrounds.com/company/stord)[**Santé** $23M · Oct 2026](https://millionrounds.com/company/sante)[**Siena AI** $23M · Oct 2026](https://millionrounds.com/company/siena-ai)[**Relay** $207M · Oct 2026](https://millionrounds.com/company/relay)

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