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Successfully funded
overfunded
Nova
124%
Raised
£744,880
Investors
347
Target
£600,000
Equity
3.33%
Pre-money valuation
£21,599,927

Nova launches tech-enabled growth-focused startups, putting passionate founders at the heart of everything they do. Their portfolio survival rate is 5x higher than some market norms, with average portfolio valuation growth of 83% yoy. 2018/19 turnover was £7.2m, making £2.9m profit before taxation.

  • 83% growth year on year in portfolio valuation (April 2018 figures)
  • Our startups are 5x more likely to see yr3 than some market norms
  • In 2018 we met over 1,600 founders and cofounded 25 new businesses
  • Valuation of our portfolio co-founded companies over £72m
Information The company raised £313,520 investment from new and existing investors before the campaign went live, which has been reflected on the platform as part of this raise. Some of these funds have already been received by the company and may be spent while the campaign is live.

Idea

The Problem: Despite progress in crowdfunding/incubators/accelerators, research suggests that ~92% of startups fail within 3 years for the same reasons our founders experienced 10+ years ago.

Our Solution: We started Nova to create a more rewarding experience for startups with our co-founding model. Together we conceive and scale digital businesses solving real-world problems, open new markets or disrupt existing ones. Our framework provides a set of tools and principles focused on inception to scale, driving revenue when businesses exit so we are aligned with their success.

Achievements so far:

- Supported 70+ founders launch, find follow on investment and grow

- 46% Nova co-founded businesses are still trading vs. 8% market norm

- 140+ staff across Liverpool, Manchester, London & Islamabad (110% growth since 2017)

- 83% portfolio valuation growth YOY, creating £72m+ valuation of the portfolio.

- 2018/19 turnover of £7.2m (£2.9m Profit before taxation)

The Opportunity: The UK is 4th worldwide for tech startup investment (1st for fintech with £4.5bn invested 2015-18), employing 5% of global high-growth tech workers. VC investment in UK tech topped £6.8bn in 2018, the highest in Europe and is home to 35% of Europe and Israel’s’ tech unicorns.

Nova sits in this ecosystem and is raising funds to further leverage our growing network of Funds, Founders and Talent in every major UK city.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Nova has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.