Novel Capital & Pipeline Entrepreneurs garner capital for Midwest start-ups
By Gloria Methri
FinTech B2B growth platform Novel Capital has partnered with Pipeline Entrepreneurs to make non-dilutive capital more accessible to start-ups in the Midwest.
Pipeline is a network of high-performing entrepreneurs whose work directly impacts the growth of the innovation ecosystem and the economy in the Midwest. Novel Capital states that entrepreneurs based in the heartland are overlooked by investors, with much of the attention being concentrated on the coasts.
The partnership with Pipeline Entrepreneurs aims to address this disparity by providing B2B member companies of its Entrepreneurial Fellowship program, access to non-dilutive growth capital. The fellowship program helps a select group of Midwest entrepreneurs grow their companies by providing them with expert advice and resources from a panel of national advisors and mentors.
“Pipeline’s Fellowship program is critical to the success and growth of so many Midwest Founders, and by expanding capital access for their community, we can help these entrepreneurs maximize their growth potential,” said Carlos Antequera, CEO and Co-founder of Novel Capital. “As a former fellow, I know first-hand the impact that the Pipeline program and network have. We want to boost the effectiveness of that foundation by providing Founders access to another critical component – growth capital – at the time they need it most. ”
Novel offers two distinctive capital products for early-stage companies: UpFront Capital, offering controllable payment options and generous 24-month payoff terms, and RevShare, with payments that flex based on monthly cash receipts over 36 months. As Founders grow their businesses, they can access additional capital to fuel their momentum.
“There are so many promising start-ups in the Midwest, but they often lack the access to capital needed to become scalable,” said Melissa Vincent, Executive Director of Pipeline Entrepreneurs. “We are excited to work with Novel Capital to provide entrepreneurs with an alternative form of funding custom-built for Founders at this growth stage.”
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December 05, 2023
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