Novo’s $90 Million Series B Preferred Stock Financing

Goodwin Procter advised Novo on the deal.

Novo announced the completion of its $90 million Series B Preferred Stock financing that values the startup at $700 million. The round was co-led by Stripes, LLC and Valar Ventures with participation from new and existing investors, including BoxGroup, Crosslink Capital, Rainfall Ventures and 137 Ventures.

Novo is customer-first banking for the modern entrepreneur, giving users the flexibility to bank on their own terms.

The Goodwin team was led by Mired Asfour, Jonathan Chou (Picture), Brian Parks, Sumin Seo and Jae Zhou with additional support from Janet Andolina, Cameron Contizano, Kimberly Monty Holzel, James Hutchinson, Paul Jin, Abhishek Krishnan, Kevin Walsh, Brad Weber and Michael Whalen.

Involved fees earner: Janet Andolina – Goodwin Procter; Mired Asfour – Goodwin Procter; Jonathan Chou – Goodwin Procter; Cameron Contizano – Goodwin Procter; James Hutchinson – Goodwin Procter; Paul Jin – Goodwin Procter; Abhishek Krishnan – Goodwin Procter; Kimberly Monty Holzel – Goodwin Procter; Kevin Walsh – Goodwin Procter; Bradley Weber – Goodwin Procter; Mike Whalen – Goodwin Procter; Jae Zhou – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: Novo;

Martina Bellini

Author: Martina Bellini