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Novitas Capital

North America, Pennsylvania, United States, Wayne

Description

Novitas Capital, formerly known as PA Early Stage Partners, is a venture capital firm based in Wayne, Pennsylvania, with a deep-rooted history in supporting innovative companies. Established in 1999 as PA Early Stage Partners and rebranded to Novitas Capital in 2011, the firm has consistently focused on early-stage investments within the technology and life sciences sectors. Their investment philosophy centers on identifying and partnering with exceptional management teams who are developing disruptive technologies or solutions with significant market potential. The firm prides itself on being more than just a capital provider, aiming to be a strategic partner that offers guidance and operational expertise to help portfolio companies navigate the challenges of growth.

The firm's investment strategy is characterized by a commitment to fostering long-term relationships with its portfolio companies. Novitas Capital seeks out opportunities where its capital, combined with its extensive network and operational insights, can significantly accelerate a company's development and market penetration. They are particularly interested in ventures that demonstrate strong intellectual property, a clear path to commercialization, and a scalable business model. This hands-on approach is designed to de-risk investments and maximize the potential for successful exits.

Novitas Capital typically targets early-stage companies, participating in Seed and Series A funding rounds. While specific check sizes can vary based on the opportunity and syndication, the firm generally provides initial investments ranging from $500,000 to $5,000,000. These investments are often part of larger funding rounds, where Novitas Capital collaborates with other reputable venture capital firms. Their portfolio reflects a diverse range of companies, from cutting-edge biotech firms developing novel therapeutics to software companies creating enterprise solutions, all united by their innovative core and strong leadership. The firm's consistent presence in the early-stage funding landscape for over two decades underscores its enduring commitment to fostering innovation.

Investor Profile

Novitas Capital has backed more than 42 startups, with 0 new investments in the last 12 months alone. The firm has led 8 rounds, about 19% of its total and boasts 16 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series C, Series B rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Biotechnology, Software, Health Care.
  • Typical check size: $500K – $5M.

Stage Focus

  • Series Unknown (36%)
  • Series C (24%)
  • Series B (24%)
  • Series A (14%)
  • Series D (2%)

Country Focus

  • United States (100%)

Industry Focus

  • Biotechnology
  • Software
  • Health Care
  • Internet
  • Medical
  • Medical Device
  • Life Science
  • E-commerce
  • Health Diagnostics
  • Digital Entertainment
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Novitas Capital frequently co-invest with?

ProQuest Investments
North America, New Jersey, United States, Princeton
Co-Investments: 2
Novak Biddle Venture Partners
North America, Maryland, United States, Bethesda
Co-Investments: 2
Technology Venture Partners
Oceania, New South Wales, Australia, Pyrmont
Co-Investments: 3
Safeguard Scientifics
North America, Pennsylvania, United States, Radnor
Co-Investments: 9
Kaiser Permanente Ventures
North America, California, United States, Oakland
Co-Investments: 2
Battelle Ventures
North America, New Jersey, United States, Trenton
Co-Investments: 4
Investor Growth Capital Limited
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 2
CenterPoint Venture Partners
North America, Texas, United States, Dallas
Co-Investments: 2
Care Capital
North America, New Jersey, United States, Princeton
Co-Investments: 2
Draper Triangle
North America, Pennsylvania, United States, Pittsburgh
Co-Investments: 3

Which angels does Novitas Capital often collaborate with?

GM
North America, Texas, United States, Houston
Shared Deals: 1
Shared Deals: 1
HM
North America, California, United States, Los Angeles
Shared Deals: 1
ML
North America, United States
Shared Deals: 1
AP
North America, New Jersey, United States, Hackensack
Shared Deals: 1

What are some of recent deals done by Novitas Capital?

Cernostics

Danville, Pennsylvania, United States

Cernostics is a life science company developing new molecular diagnostic tests to treat cancer.

BiotechnologyHealth DiagnosticsLife ScienceMedical Device
Series UnknownAug 31, 2016
Amount Raised: $5,000,000
Cernostics

Danville, Pennsylvania, United States

Cernostics is a life science company developing new molecular diagnostic tests to treat cancer.

BiotechnologyHealth DiagnosticsLife ScienceMedical Device
Series BDec 3, 2013
Amount Raised: $1,400,000
Cernostics

Danville, Pennsylvania, United States

Cernostics is a life science company developing new molecular diagnostic tests to treat cancer.

BiotechnologyHealth DiagnosticsLife ScienceMedical Device
Series UnknownJul 31, 2013
Amount Raised: $1,423,000
Agile Therapeutics

Princeton, New Jersey, United States

Agile Therapeutics is pharmaceutical company developing contraceptive healthcare products for women.

BiotechnologyHealth CareWomen's
Series CJul 19, 2012
Amount Raised: $40,000,000
LifeShield

Langhorne, Pennsylvania, United States

LifeShield is a monitored wireless security system that provides superior protection and the best value in-home security.

Digital EntertainmentNetwork SecurityPhysical SecuritySecurityWireless
Series UnknownJul 20, 2011
Amount Raised: $8,000,000
Nistica

Bridgewater, New Jersey, United States

Nistica is a supplier of agile optical modules that simplify and automate the delivery of high bandwidth applications.

ManufacturingOptical CommunicationSoftwareWeb Hosting
Series DFeb 1, 2011
Amount Raised: $5,500,000
TetraLogic Pharmaceuticals

Malvern, Pennsylvania, United States

TetraLogic Pharmaceuticals discovers and develops small molecule drugs for the treatment of debilitating diseases and conditions.

BiotechnologyHealth CarePharmaceutical
Series CJan 4, 2011
Amount Raised: $23,000,000
TetraLogic Pharmaceuticals

Malvern, Pennsylvania, United States

TetraLogic Pharmaceuticals discovers and develops small molecule drugs for the treatment of debilitating diseases and conditions.

BiotechnologyHealth CarePharmaceutical
Series CAug 10, 2010
Amount Raised: $32,000,000
Agile Therapeutics

Princeton, New Jersey, United States

Agile Therapeutics is pharmaceutical company developing contraceptive healthcare products for women.

BiotechnologyHealth CareWomen's
Series BJun 14, 2010
Amount Raised: $45,000,000
Cernostics

Danville, Pennsylvania, United States

Cernostics is a life science company developing new molecular diagnostic tests to treat cancer.

BiotechnologyHealth DiagnosticsLife ScienceMedical Device
Series AJun 2, 2010
Amount Raised: $2,600,000