Novac Raises €3.5 Million in Seed Funding with CDP Venture Capital
Deal News | Mar 25, 2025 | CDP Venture Capital
Novac, a startup based in Emilia-Romagna and specializing in supercapacitors, has successfully raised €3.5 million in a seed funding round. The financing round was supported by investors including Eureka! Venture, CDP Venture Capital, and Galaxia Polo. Novac's cutting-edge technology focuses on the aerospace, automotive, and broader energy sectors, promising advancements in mobility and industry applications. This funding brings crucial support to Novac in accelerating its technological development and market reach.
Sectors
- Energy Technology
- Automotive and Aerospace
- Venture Capital
Geography
- Italy – Novac is based in Emilia-Romagna, Italy, and Italian investors such as CDP Venture Capital are key participants in the funding round.
Industry
- Energy Technology – The article discusses Novac's work on supercapacitors, which are energy storage devices, positioning it within the energy technology sector.
- Automotive and Aerospace – Novac's technology focuses on applications in the automotive and aerospace sectors, highlighting its relevance to these industries.
- Venture Capital – CDP Venture Capital and other venture investors played a major role in funding the startup, indicating a strong link to the venture capital industry.
Financials
- €3.5 Million – The total amount raised by Novac in the seed funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Novac | Target Company | Company | Novac is a startup focused on developing supercapacitors for energy, mobility, and industrial applications. |
| CDP Venture Capital | Investor | Company | A venture capital firm providing funding to Novac in this seed round. |
| Eureka! Venture | Investor | Company | A venture capital firm investing in Novac's seed funding round. |
| Galaxia Polo | Investor | Company | An investor participating in Novac's seed round, supporting its supercapacitors technology. |