Private equity firm Novel Growth Partners of Kansas City made its first major investment of an undisclosed amount in startup DivvyHQ in August 2018. DivvyHQ specializes in software for content creation and management.
Novel Growth Partners, co-founded by Keith Harrington and Carlos Antequera provides companies up to $500K in growth capital and does not take equity or require a personal guarantee. The firm’s approach is to invest flexible capital in emerging tech companies in return for a percentage of monthly revenue up to an agreed cap, while also offering hands-on help to build these companies’ growth engines.
At a glance…
DivvyHQ, founded in 2011 and located in Kansas City, Missouri, and whose clients include many Fortune 500 companies, provides a content collaboration platform that is designed to be a central hub for managing all content schedules, initiatives, and campaigns across a customer organization. Co-founders and Co-CEOs are Brock Stechman and Brody Dorland.
Thanks to our sponsor
Stechman stated in a press release, “Novel worked side-by-side with us to analyze our company and refine our business strategy, so that we can continue to scale and capitalize on the foundation we’ve already built. After working with Novel, I’m more excited than ever about the future of DivvyHQ”
Stechman went on to say, “The capital they provided us is great. Novel’s entire model and approach is very unique. They were able to quickly infuse non-dilutive capital to help grow our business.”
To see more about these companies, visit their websites: https://www.novelgp.com/ and https://divvyhq.com/.
