What is Nuvolo?
Nuvolo offers a comprehensive asset management platform that leverages modern mobile capabilities, real-time reporting, and cloud-based services. Based in Paramus, New Jersey, the company aims to streamline how organizations manage their assets, providing enhanced visibility and control. Nuvolo's platform is designed to support businesses in optimizing their asset lifecycle, from acquisition to disposal, through intuitive technology and data-driven insights. The company's focus on mobile and cloud technologies positions it to meet the evolving demands of enterprise asset management.
How much funding has Nuvolo raised?
Nuvolo has raised a total of $56.5M across 5 funding rounds:
Angel/Seed
$2M
Other Financing Round
$500K
Series A
$10M
Series B
$12M
Series C
$32M
Angel/Seed (2015): $2M with participation from New Enterprise Associates and ServiceNow
Other Financing Round (2016): $500K led by Lighter Capital
Series A (2017): $10M supported by New Enterprise Associates, GE Ventures, and ServiceNow
Series B (2019): $12M featuring GE Ventures, NEA, ServiceNow, and Kaiser Permanente Ventures
Series C (2021): $32M backed by Insight Partners
Key Investors in Nuvolo
GE Ventures
GE Ventures, part of General Electric, is a venture capital arm focused on investing in companies that align with GE's strategic interests in infrastructure, technology, and industrial innovation. They support businesses that can drive advancements in sectors like power, aviation, and healthcare.
NEA
New Enterprise Associates (NEA) is a prominent global venture capital firm that invests in companies across various stages, from seed to growth. They focus on technology and healthcare sectors, backing entrepreneurs with innovative ideas and scalable business models.
Kaiser Permanente Ventures
Kaiser Permanente Ventures is a strategic venture capital firm dedicated to investing in healthcare innovations that improve patient care and health outcomes. They partner with companies developing cutting-edge solutions for the healthcare delivery system.
What's next for Nuvolo?
The substantial enterprise-level backing Nuvolo has received, particularly the recent strategic investment, signals a strong confidence from investors in the company's future. This capital infusion is likely to be directed towards enhancing its platform's capabilities, expanding its market reach, and potentially exploring new technological integrations. Nuvolo is poised to further solidify its standing in the competitive asset management software market, driving innovation and delivering greater value to its enterprise clients. The company's strategic financing indicates a phase of accelerated growth and development.
See full Nuvolo company page
