NoviCap Raises $1.7m in Seed Funding

novicap-logoNoviCap, a London, UK- and Barcelona, Spain-based invoice trading marketplace, raised $1.7m in seed funding.

Backers included Partech Ventures, Techstars Ventures and Cabiedes & Partners.

The company intends to use the funds to solidify its position in Southern Europe.

Launched in 2014 by Federico Travella, CEO, Marc Antoni MaciĆ , COO, and Nicolas Overloop, CTO, NoviCap allows small and medium companies to access financing by selling their outstanding invoices to professional investors including family offices, high-net-worth and corporate investors.
Small and medium companies can apply online and start discounting their invoices in less than 48h. Once registered, they upload invoices which can be sold to a pool of professional investors instantaneously.
NoviCap, a Barclays Techstars Accelerator alumni company, has a client base of mainly Spanish companies which are affected by the longest payment terms in Europe.

FinSMEs

21/09/2015

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