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Novalent isn't accepting new investments

Novalent’s deadline was October 21, 2021

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Logo of Novalent

Novalent

Revolutionary antimicrobial with $7M revenue in 2020
Consumer Biotechnology
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Featured image of Novalent
Round
Series B (first external raise)
Price per security
$100
Allocation
$11M
Pre-money valuation
$67.38M
Minimum investment
$9,500
Instrument
Common Equity
Deadline
October 20, 2021
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Pitch Updates 5
Questions? (855) 668-2575
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Closed on October 21, 2021. Information may not be up-to-date. Campaign closed on October 21, 2021. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Funding Founders Disclaimers
About Team Press

Documents

Capital R (OpenDeal Broker LLC, CRD #291387) is hosting this Reg D 506(c) securities offering by Novalent, Ltd..
Company documents
Subscription Agreement PPM.pdf Investor Letter.pdf Disclosures & Dislaimers.pdf Additional Risk Disclosures.pdf Form CRS.pdf
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Investment summary


Advanced antimicrobial technology inhibits the growth of bacteria for up to 90 days.
Novalent is a US biotechnology engineering firm that has pioneered a new category of technology providing long-lasting protection against bacteria and viruses. Their EPA approved and FDA-listed antimicrobial solutions continuously inhibit bacterial for up to 90 days on surfaces and up to 24 hours on hands.

  • Surface protectant and hand sanitizer products sold in US, EU and Australia
  • Made in North Carolina, USA with patented technology
  • FDA-listed and EPA approved, lab-verified, 20+ years of research and trials
  • Used by Starbucks, Pepsico, Hanes, Sabra, Fonterra, Publix, more
  • $7.7M revenue in 2020
  • Investors: Rickard Gardell, Simon Pillar, Christer Gardell

For technical assistance: (855) 668-2575 (9 AM to 5 PM Eastern)

Click here for assistance on accreditation verification

Disclosures & Disclaimers

Problem


Traditional disinfectants only offer short-term protection

Harmful bacteria and other microorganisms contribute to some of our most urgent and devastating worldwide health emergencies. These infectious microbes are everywhere, costing the economy $50B+ each year in the US alone.

Disinfectant sprays and wipes are the standard tools in our antimicrobial arsenal, but they only offer temporary protection. Once the surface is dry—as soon as 2 minutes after treatment—it’s subject to recontamination.

In high-traffic areas, recontaminated surfaces can be dangerous or even deadly.

Solution


Novalent protects for up to 90 days

Novalent is a US biotechnology firm on a mission to engineer long-lasting antimicrobial protection for surfaces, skin, and clothing. Founded by leading antimicrobial scientists in 1998, our team invested two decades into proprietary, patented research before launching our technology in 2019. The groundbreaking result is a spray-on product that continuously inhibits bacteria and other microorganisms on surfaces for up to 90 days.


  • Novalent technology is applied to a clean, disinfected surface
  • Creates an invisible antimicrobial protective layer which continuously inhibits bacteria after application
  • Non-toxic and environmentally friendly—approved by the EPA

Product


Lab-tested, EPA approved surface protectant and FDA -listed hand sanitizer


We have launched two successful products based on our patented technology:

  • Novalent AM 90-day surface protectant

  • Novalent Shield+ 24-hour hand sanitizer



Both are made in our Greensboro, NC manufacturing facility, and are available to businesses and consumers in the US and Australia. Our technology has been approved by the US EP are FDA listed and has been independently tested by leading international laboratories.

Novalent Shield+ hand sanitizer is based on the same antimicrobial technology as Novalent AM, and offers distinct advantages over market leaders like Purell:

  • Protects against germs for 24 hours
  • Non-toxic & doesn’t wash off in water
  • Alcohol-free, doesn’t dry out skin

Traction


$7.7M revenue in 2020

In September 2020, Novalent Shield+ was honored as the winner of the prestigious Good Design Award—making ours the first hand sanitizer ever recognized by a design award.

Customers


Used by global leaders across industries

Industry giants like PepsiCo, Sabra, and Starbucks are testing and adopting Novalent products as an effective precaution against microbial contamination. Other companies in testing to add Novalent into their standard operating procedures include:

Business model


B2B and retail sales channels

We sell our products directly to some of the world’s largest corporations, and direct to consumers through the Novalent e-store. To date, we have shipped more than 100K units through our retail sales channels, with gross margins of 70%+.

We are making ongoing investments into social media marketing, including securing a total reach of over 250K on Instagram through our Novalent ambassador program.

Market


$80B+ annually in global disinfectant spending

Our technology adds value to businesses and institutions spanning countless industries. As a point of reference when considering Novalent’s potential share: the leading food safety and healthcare chemical firm, Ecolab, has a market cap of $40B.

Our opportunities are far and wide, and we’ve only begun to see early adoption.

Competition


Unique patent-protected products

Industry standard surface disinfectants and hand sanitizers all suffer from the same limitation: they kill germs on contact, but only last a few minutes. Novalent products protect against microorganisms for far longer than these legacy products.

They also carry other unique advantages, relative to industry-leading products like Purell hand sanitizer:


Funding


Backed by world-renowned investors and executives

Our backers include executives associated with major international corporations and financial institutions.

Founders


100+ years combined industry experience 

Novalent is chaired by Bill Massa, one of the most experienced private equity CEOs in the US. Bill has been a CEO for five private equity-backed companies, and served as Executive Chair and Operating Partner for ten portfolio companies, with combined value in excess of $10B.

The majority of these companies were in the specialty chemicals space, and ranged in size from $20M to over $1B in revenue.

He has been the CEO of portfolio companies of leading private equity firms, including The Blackstone Group and The Carlyle Group, with $650B and $250B AUM, respectively.

Disclaimers


FDA-listed means that Novalent’s hand sanitizer has been issued an NDC-code by FDA and is available for commercial sale.  FDA does not ‘approve’ any hand sanitizer.

Risks of early stage investment. Not an offer to buy or sell securities. This is a long-term speculative illiquid investment. Investment is not FDIC or SiPC insured. 

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Documents

Capital R (OpenDeal Broker LLC, CRD #291387) is hosting this Reg D 506(c) securities offering by Novalent, Ltd..
Company documents
Subscription Agreement PPM.pdf Investor Letter.pdf Disclosures & Dislaimers.pdf Additional Risk Disclosures.pdf Form CRS.pdf

Bonus perks

In addition to your shares, you'll receive perks for investing in Novalent.
Invest
$25,000
Receive
  • One year supply of Novalent's 24 hour hand sanitizer and a plaque signed by scientists who developed the product

About Novalent

Legal Name
Novalent, Ltd.
Founded
May 2017
Form
Delaware Corporation
Employees
14
Website
novalent.com
Social Media
Headquarters
Google Map location of of Novalent
2319 Joe Brown Dr , Greensboro, NC
Headquarters
2319 Joe Brown Dr, Greensboro, NC, United States 27405

Novalent Team
Everyone helping build Novalent, not limited to employees

Profile picture of Kevin Parish
Kevin Parish
Chief Executive Officer
20 years of experience in the global antimicrobial industry. Head of MicroBan North America. MBA in Marketing from Wake Forest University School of Business, and a BS in Business and Tech from East Carolina University.
Profile picture of Keivan Mehrtabar
Keivan Mehrtabar
Sr. Director of Global Regulatory Affairs
20+ years of experience in the specialty chemicals industry having led regulatory affairs, product safety, and quality control. Formerly at Lonza Specialty Ingredients. B.Sc. in chemistry and B.Tech (ABD) in environmental engineering technology.
Profile picture of Cameron Harris
Cameron Harris
Head of Finance & HR
30+ years of business, financial and administrative experience. VP Finance & Administration, Wellington Hall, LLC. BS, Business Administration – University of North Carolina, Chapel Hil.
Profile picture of Bill Massa
Bill Massa
Executive Chairman
Operating Partner/Executive Chairman for 10 PE companies. Five-time Private Equity backed CEO. Experience in Specialty Chemicals, Environmental Services and other Industrial businesses from $20 million to $1.2 billion.
Profile picture of Wayne F. Thompson
Wayne F. Thompson
Chief Financial Officer US (part-time)
30 years of financial accounting experience. From a Big 5 firm to corp. controller and CFO across a variety of companies and industries over 40 years. Deep experience in the restaurant industry as controller for the Battleground group for five years.
Profile picture of Denis  Nigel
Denis Nigel
Chief Scientist US
30+ years of chemical processing development experience. Senior Scientist – National Starch and Chemical Company. BS, Chemistry – Rutgers University.
3 more team members
Kevin Parish
Chief Executive Officer
Keivan Mehrtabar
Sr. Director of Global Regulatory Affairs
Cameron Harris
Head of Finance & HR
Bill Massa
Executive Chairman
Wayne F. Thompson
Chief Financial Officer US (part-time)
Denis Nigel
Chief Scientist US

Press

Sam Zell Wants To Disinfect A Workspace Near You
Forbes

Billionaire Sam Zell is among a group of savvy investors backing a small North Carolina biotechnology engineering company...

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Novalent

Novalent successfully raised $10,073,974 from 761 investors on October 21, 2021
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