Novu: Raises $6.6M in Seed Funding

Novu Raises $6.6M in Seed Funding

  • Novu, a Tel Aviv, Israel-based provider of an open source solution for notification infrastructure for developers, raised $6.6M in Seed funding
  • The round was led by Crane Venture Partners with participation from Eniac, MXV Capital, Entrée Capital, and Ariel Maislos
  • The company intends to use the funds to accelerate growth and expand operations, team and product
  • The company provides the standards, tools and best practices to implement meaningful product communications while saving engineering teams time otherwise spent on building
  • Developers can quickly set up infrastructure to enable product-to-consumer communication across email, SMS, notification centers, Slack and more while maintaining full visibility of their systems
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Lloyds Strengthens AI Strategy After Assessing Financial Value of Deployments

The bank plans to enhance its artificial intelligence capabilities further.Highlights: Lloyds assesses the financial value of its AI...

Santander Tightens Operations with Closure of 44 More Branches

The bank continues its restructuring as customer preferences shift to digital banking.Highlights: Santander is closing 44 more branches...

Stablecoin Bank Kontigo Suffers Cyber Attack, Disrupting Operations

The cyber incident raises concerns about security in fintech.Highlights: Kontigo, a prominent stablecoin bank, experienced a cyber attack.The...

Universal Launches UAE’s First Central Bank Registered Stablecoin

The new digital currency aims to enhance financial transactions in the UAE.Highlights: Universal launched the UAE's first Central...