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Novel TMT Ventures

Novel TMT Ventures Limited is a British Virgin Islands company which is wholly owned by Novel TMT Investments Limited. Novel TMT is the technology, media and telecom investment arm of the Hong Kong based Novel Group, the diversified investment group of Silas Chou and his family. Novel TMT, with approximately US$90 million under management, invests, through both public and private securities (both directly and indirectly), in TMT with a specific focus on consumer technologies and the video gaming sector. Its investments are concentrated in China and the United States. The company is managed by Andrew Fine, Luis Chou and Bruno Chou. The Novel Group is a diversified holding company, whose primary business is Novel Enterprises Limited, one of the world’s leading vertically-integrated textile and apparel manufacturers. The Group has also owned and built, among other companies, Tommy Hilfiger, Michael Kors, Dragon Airlines and Novel City (Shanghai).

Recent Milestones


Company Date Round Size Participants 2/2014Venture Round$3M3
Loop Commerce 11/2013Series A$7.2M16
ThirdLove 8/2013Seed$5.6M18
L’ArcoBaleno 7/2013Series B7
Darby Smart 6/2013Seed$1M5
Lolly Wolly Doodle 6/2013Series A$21.3M5
DailyLook 4/2013Seed$2.5M7
The RealReal 4/2013Series B$14M8
Rent the Runway 3/2013Series C$24.4M6
Euclid 2/2013Series B$17.3M7
The Business of Fashion 2/2013Seed$2.1M5
Openbucks 7/2012Series A$4.8M13
PlaySpan 8/2010Series C$18M5
TuneWiki 2/2010Series B$7M6
PlaySpan 11/2008Series B$16.8M4 Media Corporation 10/2008Series D$35M3
PlaySpan 9/2007Series A$6.5M4
Reloaded Games, Inc. 6/2007Series B$16M6



  1. ASAP54 Raises $3M, Aims to Bridge Gap Between What You See and What You Buy ( [edit]
  2. Ecommerce Gifting Isn’t A Perfect System, But Loop Commerce’s New Product Could Get It Closer ( [edit]
  3. ThirdLove Raises $5.6M To Help You Find The Right Bra Size By Using Your iPhone ( [edit]
  4. L’ArcoBaleno Raises "Seven-Figure" Series A Financing ( [edit]
  5. Maveron-Backed DarbySmart Launches DIY Crafting Marketplace For Fashion Accessories And More ( [edit]
  6. SEC ( [edit]
  7. DailyLook Gets $2.5M From GRP Partners, Rachel Zoe, And Others To Be The Web’s Go-To For Fast Fashion ( [edit]
  8. [edit]
  9. Rent the Runway Adds Investors to Bring Series C to $24.4M ( [edit]
  10. Euclid, The Google Analytics-Like Tracking Solution For Brick-And-Mortars, Raises $17.3 Million Series B ( [edit]
  11. Business Of Fashion Gets $2.1M Seed Funding From Index, LVMH And More For Its No-Nonsense B2B Fashion Blog ( [edit]
  12. Gift Card Payment Network Openbucks Raises $4.8 Million Series A, Led By Yahoo Co-Founder Jerry Yang ( [edit]
  13. Payment Platform PlaySpan Raises $18 Million From Vodafone, Softbank ( [edit]
  14. Social Music Player TuneWiki Raises Funding From Motorola Ventures, Others ( [edit]
  15. TechCrunch ( [edit]
  16. Raises $35 Million in Fourth Round ( [edit]
  17. [edit]
  18. K2 Network Secures $16M in Series B Funding led by Intel Capital ( [edit]
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Last Edited 2/6/14

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