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Novotorium operates as a venture builder and incubator, providing a distinctive framework for the creation and sustained operation of new businesses. It focuses on developing robust organizational structures by defining roles with clear purposes, accountabilities, and domains, thereby facilitating collaboration and distributed risk among participants. This approach aims to guide startups from initial concept through to profitable maturity by instilling foundational operational discipline.
The entity was co-founded in 2011 by Mike Krupit and Gary Baron. Their founding insight centered on the need for a structured environment where entrepreneurs could build ventures sustainably and engage in meaningful work, particularly within the healthy lifestyle business sector. Baron has remained a key figure in the organization, maintaining its core principles regarding organizational design.
Novotorium primarily serves entrepreneurs and emerging businesses seeking guidance in establishing and scaling their operations. Its long-term vision is to empower individuals to build resilient organizations that foster effective collaboration and mitigate the complexities often associated with rapid growth. The company strives to ensure that organizational expansion remains purposeful and manageable for all involved.
Novotorium has 1 tracked investment across 1 company. The latest tracked deal is $1.8M Other Equity in AboutOne in October 2013.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 14, 2013 | AboutOne | $1.8M Other Equity | Golden Seeds | Timothy Wallace, BEN Franklin Technology Partners OF Southeastern Pennsylvania, Rees Capital |