Novathings

Novathings is a French technology company that focuses on secure cloud storage solutions, emphasizing user privacy and seamless data management across multiple devices. Founded in 2014 in France, Novathings offers a cloud storage platform designed for secure data management. The company has not undergone any significant pivots or changes in its business operations. It has raised a total of EUR 0.

503 mn through its Series B funding round on March 2, 2018, led by Paca Investissement, alongside returning investors CAAP Creation and INVST I / O. The company’s current valuation stands at EUR 2. 276 mn. Novathings specializes in providing secure cloud storage solutions that prioritize user privacy.

Its offerings include automatic backup services for various devices, enabling seamless data storage and sharing for both individual consumers and professionals. The storage solution is designed for multi-user access, supporting multiple accounts within a single environment while specifically targeting the French market to ensure data sovereignty and compliance with privacy regulations. In 2016, Novathings reported a revenue of EUR 82,767. 10, with an EBITDA of EUR -208,580.

90. Revenue generation is primarily driven by subscription-based models, offering scalable storage plans from 5GB of free space to 1TB of paid storage, appealing to individuals and small businesses alike. Novathings plans to leverage its recent funding from the Series B round to enhance product offerings and expand into new markets. The company is focusing on the design of new products aimed at improving user functionality and privacy in cloud storage.

Additionally, it is targeting expansion into other European markets by 2021, utilizing the EUR 0. 54 mn raised to support these initiatives.