Tag: Netchemia
An oversubscribed first fund for Novel Growth Partners will help the Kansas City-based financing firm expand its tech investments in Chicago, Indianapolis and St. Louis. With more than $12 million banked for the fund, Novel is poised to use its unique revenue-based financing model to focus on boosting B2B software startups, the firm said in…
It was a marriage of the minds, said DivvyHQ co-founder Brody Dorland, describing his marketing tech firm’s recent investment from Novel Growth Partners. The company’s leadership — Dorland and co-founder Brock Stechman — is honored to be recipients of NGP’s first investment, Dorland said. But the pairing didn’t come by accident, he added. “I think they viewed…
Keith Harrington isn’t looking for hockey-stick growth companies. With the new fund he’s co-leading — Novel Growth Partners — Harrington wants to invest in small, steadily-growing tech companies in the Midwest. But instead of a traditional venture capital model, Novel is employing a revenue-based finance model that should appeal to more entrepreneurs, Harrington said. “We believe that…
Editor’s note: Katie Boody is a co-founder of The Lean Lab, a Kansas City-based education incubator that helps educators create and implement innovative ideas in schools to help students. The Lean Lab co-founder Carrie Markel contributed to this piece. Opinions expressed in this commentary are the author’s alone. Both the schools I taught at are…