Novellia Secures $18 Million Series A

Gunderson Dettmer represented Novellia in its $18 million Series A financing led by Spark Capital. The round included participation from Khosla Ventures, Acrew Capital, Bling Capital, and TMV, bringing Novellia's total funding to $28 million.

Novellia is a patient data company that helps people find and unify over 20 years of health data in seconds so they can get better care, while accelerating medical breakthroughs. The funding will be utilized to scale Novellia's AI-powered technology, designed to give patients a free tool to access and organize their complete health history across providers, alongside the opportunity to share it with scientists to advance medical discoveries.

“Behind every patient is a fragmented, incomplete record of their life,” said Shashi Shankar, co-founder and CEO of Novellia, in the announcement of the transaction. “I watched this up close: first through my grandfather's cancer journey, and then professionally in pharma, where we were developing therapies without ever seeing the full picture. The system failed patients and researchers at the same time. Novellia changes the course for this whole industry by putting the patient at the center.”

The Gunderson deal team was led by Damon Zhangchai and Joe Raffetto and included Vijeta Kanabar and Julia Golombik.