Partnership offers expanded access to non-dilutive funding capital for member companies
Novel Capital, the fintech growth platform and innovative funding provider helping B2B businesses diversify their funding stack, announced a partnership with gener8tor that will provide early-stage entrepreneurs with expanded access to non-dilutive financing and education.
Through its partnership with gener8tor, Novel Capital will offer member companies preferred terms and promote the growth benefits of non-dilutive alternative capital options in a startup’s funding strategy. The gener8tor Accelerator program already highlights investment education topics for startup Founders and will expand to include information on alternative capital options.
“gener8tor’s expertise in helping early-stage companies to grow and succeed is second to none, and we are confident that this partnership will give Founders new paths to fuel their capital strategy and growth,” said Keith Harrington, co-founder and COO of Novel Capital.
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The partnership between Novel Capital and gener8tor represents a significant opportunity for startups and innovators across the country. Both organizations are committed to serving diverse Entrepreneurs, with over 45% of their respective companies having a minority Founder.
Within gener8tor’s more than 75 offerings, Entrepreneurs also have access to mentorship, coaching, soft skills training and creative art and music workshops.
“gener8tor looks to accelerate those companies that are often overlooked,” said Jeremy Neren, VP Platform & Entrepreneur in Residence of gener8tor. “By forming this partnership with Novel Capital, we’re able to continue our mission to accelerate a diverse range of companies through education and capital access.”
Agtools, an AgTech data platform, aims to reduce food waste and facilitate sustainable supply chain decisions. The company has partnered with gener8tor and Novel Capital separately to reach its growth goals.
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“The most valuable asset for any startup is its equity, and Novel’s non-dilutive funding has been a key source of growth for so many companies — ours included,” said Charles Harrison, CFO of Agtools. “We are pleased to learn Novel is collaborating with gener8tor, the accelerator program that empowered us to launch our enterprise sales expansion.”
With access to gener8tor’s community of mentors, resources and investors and Novel Capital’s financial expertise and customizable funding options, entrepreneurs and startups will be better positioned to achieve their growth goals and bring innovative ideas to market.
Alex Linebrink, CEO and Founder of mobile box office technology, Passage adds, “Novel and gener8tor have both been critical partners through the years. The hands-on approach of gener8tor was instrumental in getting us to where we were scaling and fundable. Novel’s non-dilutive capital came at a time when we didn’t have many funding options yet. Both companies have been instrumental in our 345% growth over the last three years, and I can’t wait to see them partnered together to help more startups succeed.”
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