Company Overview

Novitas Capital is a venture capital firm specializing in seed, start-up, and early stage companies financing. It seeks to invest in technology and life sciences sector. Within the technology sector, the firm seeks to invest in software (business applications targeting vertical market segments such as financial services and healthcare/pharmaceuticals), communications (hardware and software products and applications to increase network speed and performance in a capital efficient manner), technology-enabled business services (enhancing and optimizing industry applications and processes with technology-based solutions), and applications of core technologies to large and emerging market opportu...

Novitas Capital is a venture capital firm specializing in seed, start-up, and early stage companies financing. It seeks to invest in technology and life sciences sector. Within the technology sector, the firm seeks to invest in software (business applications targeting vertical market segments such as financial services and healthcare/pharmaceuticals), communications (hardware and software products and applications to increase network speed and performance in a capital efficient manner), technology-enabled business services (enhancing and optimizing industry applications and processes with technology-based solutions), and applications of core technologies to large and emerging market opportunities (proprietary technology that substantially increases market share, scalability and/or profitability). In the life sciences sector, it prefers to invest in therapeutics (targeting major aging disorders and cancers), medical devices (promoting or delivering a therapeutic effect for a large, unmet medical needs with minimally-invasive surgical techniques), regenerative medicine (applying tissue engineering, stem cell therapy, medical devices, and other techniques to repair damaged or diseased tissues or organs), and services (targeting improved efficiency in the clinical trials process). The firm prefers to invest in companies based in the corridor from New York to Washington with a focus on Pennsylvania. It seeks to invest initially between $0.25 million and $2 million in a first round financing with a capacity to invest up to $8 million throughout the life cycle of a company. The firm prefers to invest in companies with annual revenue of more than $100 million. It prefers to be a lead or co-lead investor and seeks to take a board seat in its portfolio companies. The firm prefers to invest in companies with potential for liquidity in three to seven years. Novitas Capital was founded in September 1997 and is based in Wayne, Pennsylvania with additional offices in Pittsburgh, Pennsylvania; Allendale, New Jersey; and Morgantown, West Virginia.

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