We partner with talented people like you to conceive and scale digital business models that open new markets or disrupt existing ones.
Get in touchBecause 92% of technology startups fail
We don’t believe this is acceptable to either entrepreneurs or their investors.
Nova have developed a scalable methodology that increases the chances of our investments succeeding.
Nova make active investments in seed stage opportunities. We co-invest alongside Angel syndicates and fund managers to partner with accelerators and incubators. Through this Cofoundery, we discover and mentor entrepreneurial talent and opportunity.
During the last 8 years we have invested in 27 Startups. 48.85% of our Startups are succeeding, and we have built over £53M of shareholder value.
If you want to understand how you can co-invest in a Nova Cofoundery, please get in touch.
Partnering with founders to complete a trusted cofounder team
We then deliver capability, knowledge and experience to conceive and scale a successful digital business.
We enable our founder to leverage their domain expertise and business network to successfully identify real problems and engage with real users. At the same time, the Cofoundery team work on creating a solution with a viable business model.
we fully understand the startup lifecycle. We are able to make investment decisions that support the resource requirements of the business as it grows.
Year 0
£0
User problem fit
Of the digital startups that fail, 74% cite scaling prematurely as a contributing factor
We educate our founders about the startup lifecycle to help avoid mistakes like premature scaling. The Cofoundery process relies heavily on identifying assumptions and testing them. In this phase, we use a panel of users to test a first set of assumptions related to the user and the problem.
Year 0
£0
User problem fit
Year 1
£100k
Problem solution fit
Of the digital startups that fail, 36% cite building the wrong product as a contributing factor
To ensure we're building the right product, we provide our cofounder team with activities and objectives to fully understand the problem and its potential users. At this stage, we often build a ‘prototype’ to validate it with a customer panel.
Year 1
100k
Problem solution fit
Year 1
£200k
Product market fit
A Minimal Viable Product (MVP) is developed through a lean and agile methodology. Towards the end of this phase, an MVP with active users will exist. At this point, the team focus on delivering a product feature set that someone is prepared to pay for.
Year 1
£200k
Product market fit
Year 2
£400k
Business model fit
Having a product that people will use in volume, doesn’t necessarily mean that we have a product that people will pay for in volume. We, therefore, explore potential methods of monetising the product with the goal to find a scalable profitable business model.
Year 2
£400k
Business model fit
Year 3
£1+M
Scale
We enter this phase with a scalable profitable business model. At this point, we finance the profitable growth of the business and hire a team that can replace our expertise and continue successfully.
Year 3
£1+M
Scale
A seasoned team of over 200 professionals experienced in successful digital innovation.
Leadership Team
Andy Davidson
Chief Executive Officer
Olivia Greenberg
Chief Innovation Officer
Sir Terry Leahy
Principal Investor
Bill Currie
Principal Investor
Prof. Paul Morrissey
Chairman
© We Are Nova Limited 2017