# Novel Capital

Novel Capital is a Venture Capital based in Overland Park, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Overland Park, United States
- **Region:** North America
- **Address:** Overland Park, KS, United States
- **Assets under management:** Undisclosed
- **Website:** novelcapital.com
- **LinkedIn:** https://www.linkedin.com/company/novelcapital

## Regulatory record

- **Reports private funds:** No

## About

Novel Capital is based in 8101 College Blvd Ste 130 Overland Park, Kansas 66210-2793 US. The firm focuses on providing B2B entrepreneurs with growth capital options through B2B SaaS & Tech companies, prioritizing those with recurring revenue, $350k+ in annual revenue, and 10%+ YoY revenue growth. Novel Capital innovates products and solutions daily to meet the evolving needs of these companies.

## Sectors

- Enterprise Software
- FinTech
- Revenue-Based Financing

## People

- Keith Harrington — Co-Founder & Managing Partner
- Carlos Antequera — Co-Founder & Managing Partner

## Questions

### Who runs investment and credit decisions at Novel Capital?

Co-founders Keith Harrington and Carlos Antequera jointly oversee the firm's origination and underwriting process. Both previously built and sold Netchemia, a SaaS education-technology company, giving them operator credibility when evaluating founder-led software businesses. The firm does not publicly name additional investment committee members.

### How is Novel Capital's financing different from venture debt?

Novel's revenue-based financing advances capital that is repaid as a fixed percentage of monthly revenue rather than on a principal-plus-interest amortization schedule. Unlike venture debt from banks such as Silicon Valley Bank, Novel does not require a preceding equity round, personal guarantees, or warrants. Repayment floats with top-line performance, which means the firm does not put a portfolio company into default during a revenue valley as long as cash flow continues.

### What companies qualify for Novel Capital's product?

Novel targets B2B software companies with annual recurring revenue between roughly $100,000 and $5 million. Qualification depends on revenue quality — factors include customer concentration, gross churn rates, and contracted versus month-to-month revenue composition. The firm advances between $50,000 and $500,000, sized as a multiple of recurring revenue, and does not take board seats or equity warrants as a condition of financing.

### Where does Novel Capital source its deals?

Novel sources deal flow through direct outreach to SaaS founders, partnerships with regional accelerators and accounting firms, and referrals from existing portfolio companies. Its Overland Park base gives it particular visibility into Midwestern and Southeastern US software ecosystems where bootstrapped companies frequently operate below the radar of coastal venture networks.

### How is Novel Capital funded itself?

Novel raises capital from institutional limited partners, including family offices and fund-of-funds allocators, into a structured credit vehicle rather than a traditional equity venture fund. The firm publicly disclosed raising additional LP commitments in 2022 to expand its lending capacity.

## Related profiles

- [Novax](https://altss.com/profile/novax)
- [Novestra](https://altss.com/profile/novestra)

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Last updated: 2026-06-03T20:00:00.000Z

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