Novel Capital, Pipeline join forces to help members gain easier access to evasive non-dilutive capital
February 27, 2023 | Startland News Staff
A fintech startup launched by two veteran founders is extending its services to members of the elite Pipeline network in a bid to make non-dilutive capital more accessible to startups across the region.
Novel Capital, an Overland Park-based fintech growth platform that helps B2B businesses accelerate their growth, recently announced plans to help companies led by the Heartland founders from within the Pipeline Entrepreneurs network — providing connections to the funding, support and resources needed to scale.
Midwest entrepreneurs are often overlooked by investors, with much of the attention and access to capital being concentrated on the coasts, said Carlos Antequera, CEO of Novel Capital, noting the partnership between his company and Pipeline aims to address that disparity for B2B businesses in the fellowship.
“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 Antequera, co-founder of Novel Capital alongside Keith Harrington. Both men are themselves associated with Pipeline; Antequera as a graduate of the fellowship, Harrington a mentor for the network.
2023 Pipeline fellows: top, Audra Dinell, The Thread: Women’s Leadership Collective; Scott Campbell, KBS Service; Tashara Earl, Shades of Color; Robert Disbenger, GovBuilt; middle, Eliot Arnold, Mood Spark AI; Megan Orear, Celerity Enterprises; Lee Zuvanich, Appsta; Sarah Hill, Healium; Jon Broek, Tenfold Security; bottom, Jonathan Ruiz, EB Systems; Mandy Shoemaker, Dementia Engagement Solutions; Nic Bianchi, Bianchi Candle Co; Molly O’Neil, Superb
Pipeline Entrepreneurs 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.
Click here to check out a roster of Pipeline members.
“As a former fellow, I know firsthand the impact that the Pipeline program and network have,” Antequera continued. “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.”
News of the partnership comes amid the recent announcement of Pipeline’s $3 million grant from the Ewing Marion Kauffman Foundation, as well as the hiring of its first director for the Pipeline Pathfinder program.
Novel Capital and Pipeline officially partnering will help fellows and members act upon the program’s advice and resources by allowing them to leverage their predictable revenue for access of up to 40 percent of their revenue in non-dilutive capital, without the personal guarantees or warrants so many founders at this stage face, said Novel Capital in a press release.
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.
Melissa Vincent, Pipeline Entrepreneurs
“There are so many promising startups in the Midwest, but they often lack the access to capital needed to become scalable,” said Melissa Vincent, executive director of Pipeline. “We’re excited to work with Novel Capital to provide entrepreneurs with an alternative form of funding custom-built for founders at this growth stage.”
This initiative is part of Novel Capital’s Partner Program, which launched in early 2023. The program is designed to help the customers and members of partner companies unlock the value of their predictable revenue, the company said.
Featured Business
2023 Startups to Watch
stats here
Related Posts on Startland News
KC-tested GoGetter uses AI to bring back human interaction in hiring talent (minus the middleman)
As a software contractor at Cerner for two years, Naga Rayapati saw more than 40 percent of his paycheck go into the pockets of middlemen, he said. “While the contractor puts in their heart and soul working for the company, these ‘preferred vendors’ reap the benefits,” said Rayapati, referring to third parties in the hiring…
Startup Road Trip: Patent-packed PowerBox puts productivity at the press of a button
Startland’s Startup Road Trip series explores innovative and uncommon ideas finding success in rural America and Midwestern startup hubs outside the Kansas City metro. This series is possible thanks to the Ewing Marion Kauffman Foundation, which leads a collaborative, nationwide effort to identify and remove large and small barriers to new business creation. PITTSBURG, KANSAS…
Kauffman, ECJC: Stagnant US entrepreneurship is a diversity issue that throwing money at Big Business won’t fix
Women, people of color, and rural residents remain punished by systemic barriers to starting businesses, said Wendy Guillies in a nationwide call to action that unites powerful Kansas City entrepreneurism advocates. “America’s economy is out of balance. We’ve got businesses that have become too entrenched and powerful, while people and communities across America are being…
KCultivator Q&A: Tin Ho skewers failure, beetle larvae on path to building stronger founders
Editor’s note: KCultivators is a lighthearted profile series to highlight people who are meaningfully enriching Kansas City’s entrepreneurial ecosystem. The KCultivator Series is sponsored by Plexpod, a progressive coworking platform offering next generation workspace for entrepreneurs, startups, and growth-stage companies of all sizes. Startup challenges aren’t limited to products and processes, said Tin Ho. “My…