Novo: Funding, Investors & Team (Oct 2026)
Novo is an online banking platform that caters specifically to small business owners, entrepreneurs, and freelancers. It offers improved deposit accounts tailored to modern businesses and operates through a network of community banks that are insured by the FDIC. Tyler McIntyre and Michael Rangel established the company in 2018 and it is based in Miami, Florida.
Novo has raised $160M across 2 funding rounds on record, the most recent an undisclosed round of $125M announced in Aug 2023.
That round is above the $15M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Novo Company Profile and Key Stats
Latest funding round on record: Aug 2023.
Novo Funding Rounds
Novo raised $35.0M in a Series B announced in Nov 2022.
9 months later, an undisclosed round of $125M was announced in Aug 2023.
Novo Founders and Leadership Team
Contact details for the Novo team: 1 of 1 has an email address on file.
Start 14-day free trial →Novo Funding Compared to Other Financial Services Startups
Novo's latest round of $125M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Novo Funding FAQs
What does Novo do?
Novo is an online banking platform that caters specifically to small business owners, entrepreneurs, and freelancers. It offers improved deposit accounts tailored to modern businesses and operates through a network of community banks that are insured by the FDIC. Tyler McIntyre and Michael Rangel established the company in 2018 and it is based in Miami, Florida.
How much funding has Novo raised?
Novo has raised $160M across 2 rounds on record. The most recent is an undisclosed round of $125M announced in Aug 2023.
When did Novo last raise funding?
Novo's most recent funding round on record is an undisclosed round of $125M, announced in Aug 2023.
Who founded Novo?
FundedIQ lists Tyler Mcintyre (Founder) at Novo.
Where is Novo headquartered?
Novo is based in Miami, Florida, United States.
How many employees does Novo have?
Novo is in the 251-500 employee band.
How does Novo's funding compare to other Financial Services startups?
Novo's latest round of $125M is above the $15M median round size for Financial Services companies on FundedIQ across 5,751 tracked companies over the last two years.
About FundedIQ's Novo Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Novo is left off this page rather than filled in.
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