Nuvo

Company Overview

Snapshot

Founded in June 2007 by Oren Oz, Nuvo operates with 11–50 employees. The company has raised $58 million across 4 funding rounds from 5 investors. In May 2024, Nuvo went public on NASDAQ through a merger with LAMF Global Ventures I, marking a significant milestone in its growth trajectory.

Business overview

Nuvo is dedicated to transforming pregnancy care through innovative technology, tools, and practices for both healthcare providers and expectant mothers. Its core offering is the INVU by Nuvo platform, an FDA-cleared, prescription-initiated remote pregnancy monitoring and management system. This platform enables providers to conduct virtual well-being checks and remote non-stress tests, serving the digital healthcare market with a focus on patient remote monitoring, particularly for women and babies.

Strategic signal

In September 2024, the United States Bankruptcy Court for the District of Delaware imposed substantial restrictions on trading in equity interests in Holdco Nuvo Group D.G Ltd. and its affiliates. This development signals a critical financial restructuring phase for the company, indicating potential challenges or a strategic reorganization that investors should monitor closely.

Company Intelligence Q&A

What was a significant recent corporate event for Nuvo?

In May 2024, Nuvo went public on NASDAQ through a merger with LAMF Global Ventures I, marking its entry into the public market.

What recent legal development has impacted Nuvo?

In September 2024, the United States Bankruptcy Court for the District of Delaware entered an order imposing substantial restrictions on trading in equity interests in Holdco Nuvo Group D.G Ltd. and its affiliates.

When did Nuvo receive FDA clearance for its INVU system?

Nuvo Group received FDA clearance for its innovative INVU remote pregnancy monitoring system in March 2020.

What strategic partnership did Nuvo announce in January 2021?

In January 2021, Nuvo Group formed a commercial partnership with Axia Women's Health to offer the INVU remote pregnancy monitoring platform.

What was a notable board appointment for Nuvo in May 2024?

In May 2024, Nuvo Group added HealthTech veteran Adriana Machado to its Board of Directors, strengthening the company’s commitment to transforming prenatal care.