Nova
Nova (Nova Orbis Inc.) is a financial service platform providing fund subscription processing and virtual data room services for investment funds, family offices, and broker/dealers in private markets. Acquired by AngelList in 2023 and operating as a consolidated business unit.
- Company typePrivate
- Founded2018
- HeadquartersDallas, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Nova does
Nova (legally Nova Orbis Inc.) is a financial service platform founded in 2018 that provides fund subscription processing, investor onboarding workflows, and a virtual data room for private markets transactions. The platform serves investment funds (venture capital and private equity), family offices, and broker/dealers, addressing labor-intensive subscription processes, secure document sharing during transactions, and regulatory compliance requirements for private market deals. Following AngelList's July 2023 acquisition, Nova operates as a consolidated business unit within AngelList, with its core offerings rebranded as AngelList Transact (fund subscription) and AngelList Data Room (virtual data room).
The underlying technology emphasizes enterprise-grade security infrastructure, including AES256 encryption at rest, TLS/HTTPS in transit enforced via HSTS, an identity and access reverse proxy that inspects and routes all inbound HTTP requests, and Confidential Computing that uses Secure Encrypted Virtualization extensions to encrypt VM memory contents in use. Nova is SOC2 audited and undergoes regular internal and customer-initiated penetration tests. The platform supports electronic document signing for fund investments and handles personal information, KYC/AML data, and transaction documentation for private market closings. Core products include a virtual data room component (a secure document repository controlled by data room owners) and the subscription processing workflow now marketed as AngelList Transact.
Nova generates revenue primarily through recurring subscription fees for access to its fund subscription and data room services, with optional transaction-based fees for third-party integrations such as ID verification. Pricing is not publicly disclosed and is delivered through an enterprise sales motion. Distribution occurs via AngelList's private markets platform (angellist.com/private-markets/transact and /dataroom) and direct enterprise sales outreach to funds, family offices, and broker/dealers globally. The company has 11-50 employees, is headquartered in San Francisco (with a listed Dallas address), and was acquired by AngelList in 2023 for an undisclosed amount.
Nova firmographics
Firmographics- Name
- Nova
- Legal name
- Nova Orbis Inc.
- Website
- https://novahq.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Nova (Nova Orbis Inc.) is a financial service platform providing fund subscription processing and virtual data room services for investment funds, family offices, and broker/dealers in private markets. Acquired by AngelList in 2023 and operating as a consolidated business unit.
- Ownership category
- akta.pro rank
Nova industry classification
Industry- Product category
- Private Markets Fund Subscription Software
- NAICS
- Software Publishers (513210)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)
Keywords
Where Nova is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Nova business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- Subscription Services: Nova charges recurring fees for access to its fund subscription and data room services. Fees are in U.S. Dollars and recurring charges automatically renew at rates then in effect.
- Third-Party Services Integration: Optional paid third-party services such as ID verification may be available for additional fees.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels1 record
Nova product offering
Product offeringCore offering
Nova provides a software platform that streamlines fund subscription processes and provides a virtual data room for secure document sharing during private markets transactions. The platform supports investment funds, family offices, and broker/dealers with electronic document signing, investor onboarding, and compliance workflows. Following its July 2023 acquisition by AngelList, the products are now distributed under the AngelList Transact and AngelList Data Room brands.
Product overview
Nova (legally Nova Orbis Inc.) was acquired by AngelList in July 2023 and now operates as a consolidated business unit within AngelList. The original Nova product suite—comprising fund subscription management and virtual dataroom capabilities—has been rebranded as AngelList Transact (for fund subscription processes) and AngelList Data Room (for document sharing in transactions). The codebase and infrastructure remained the same post-acquisition. Nova's Services also include a Dataroom feature providing virtual document management for secure transaction workflows.
Differentiator
Problem solved
Functional benefit
Brands
- AngelList Transact: Product for streamlining fund subscription processes, rebranded from Nova after acquisition by AngelList.
- AngelList Data Room
Products and services
- AngelList Transact Private markets fund subscription and management tool, formerly Nova's product for streamlining fund subscription processes. Targets investment funds and other private market participants.
- AngelList Data Room Virtual dataroom for private markets transactions, containing documents and materials for due diligence. Formerly Nova's Data Room product, targeted at investment funds, family offices, and broker/dealers.
- Dataroom Virtual dataroom component of Nova Services containing documents and other materials uploaded by a Dataroom Owner for secure sharing of confidential information during transactions.
Companies that use Nova
Customer profileSegments3 records
Ideal customer profiles3 records
Nova technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Nova partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- AngelListcoreNova was acquired by AngelList in July 2023 and operates as a consolidated business unit within AngelList. Products have been rebranded to AngelList Transact and AngelList Data Room. Nova leverages AngelList's additional resources to deliver product updates faster while maintaining the same codebase and infrastructure.
Scale indicators1 record
Recent moves5 records
Expansion highlights4 records
Nova competitors and assessment
Company assessmentDirect peers
- Carta: Carta is a leading cap table, fund administration, and equity management platform for private markets. It overlaps directly with Nova on fund operations, investor onboarding, and private-markets transaction workflows serving VC/PE funds and their LPs.
- Sharefile (by Citrix): Sharefile is a secure document sharing and virtual data room platform widely used by financial services firms and advisors. It is functionally comparable to Nova's data room offering for private market deal documents.
- Juniper Square: Juniper Square provides investor reporting, fund administration, and subscription document management for private equity, venture, and real estate funds. It is a direct competitor to Nova's fund subscription processing workflows and serves the same fund-manager customer segment.
- iCapital: iCapital is a financial technology platform that streamlines access, subscription, and ongoing administration for alternative investments. It competes with Nova in providing subscription and onboarding infrastructure for private market fund investments.
- DocSend: DocSend (a Dropbox company) provides secure document sharing, e-signatures, and virtual data room functionality used heavily for fundraising and investor updates. Its data room and document-sharing capabilities overlap directly with Nova's AngelList Data Room offering.
- Datasite (formerly Intralinks): Datasite is an established virtual data room provider used for M&A, fundraising, and due diligence document exchange. It competes with Nova's data room product for institutional clients conducting private market transactions.
Broad incumbents
- SS&C Technologies: SS&C is a large incumbent providing fund administration, investor services, and financial software to asset and wealth managers. It competes at a broader scale with Nova's fund operations and subscription management functions.
- Box: Box is an enterprise content management and secure file sharing platform used broadly in financial services for document workflows and data rooms. Its secure document sharing capabilities are comparable to Nova's virtual data room product.
- Arcesium: Arcesium is an institutional technology and operations platform serving hedge funds and asset managers with data management and post-trade processing. While broader in scope, it overlaps with Nova in providing operational infrastructure to financial managers.
Emerging players
- Allvue Systems: Allvue provides software for private equity, venture capital, and credit fund managers covering investor reporting, fund accounting, and portfolio monitoring. It targets the same fund manager segment as Nova with adjacent fund operations tooling.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Nova social profiles
Digital presenceNova compliance and trust
Trust signalCompliance1 record
Nova financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nova leadership team
Management profileNumber of profiles
Profiles1 record
Nova funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nova M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nova
What does Nova do?
Nova provides a software platform that streamlines fund subscription processes and provides a virtual data room for secure document sharing during private markets transactions. The platform supports investment funds, family offices, and broker/dealers with electronic document signing, investor onboarding, and compliance workflows. Following its July 2023 acquisition by AngelList, the products are now distributed under the AngelList Transact and AngelList Data Room brands.
Is Nova a public or private company?
Nova is a private company. It is classified as corporate owned and is currently acquired.
When was Nova founded?
Nova was founded in 2018. It employs 11 to 50 people.
Where is Nova based?
Nova is headquartered in Dallas, United States, in the North America region.
How does Nova make money?
Two revenue lines are on record. Subscription Services are the primary driver. The others are third-Party Services Integration.
Who are Nova's main competitors?
Direct peers on record are Carta, Sharefile (by Citrix), Juniper Square, iCapital, DocSend and Datasite (formerly Intralinks). Broad incumbents are SS&C Technologies, Box and Arcesium. Allvue Systems is listed as an emerging player.
Does Nova have an API?
No public API is recorded for Nova.
What industry is Nova in?
Nova's product category is Private Markets Fund Subscription Software. Its primary akta.pro industry code is FSAGALAA, BaaS Platforms & Sponsor Bank Enablement. Its NAICS code is 513210 and its SIC code is 7370.