---
type: deal
title: NovaMind Seed Round
tags:
  - seed
  - ai-agents
---

# NovaMind Seed Round

$4M seed round for NovaMind, closed March 2025.

## Terms

- Round size: $4M
- Valuation: $20M post-money
- Lead investor: Threshold Ventures (Marcus Reid)
- Board seat: Marcus Reid (Threshold Ventures)
- Angels: Several YC partners participated
- Instrument: Priced equity round

## Company Context

NovaMind is a YC W25 company building autonomous AI agents for enterprise workflow
automation. Founded by Sarah Chen (CEO) and Priya Patel (CTO). The company
demonstrated a procurement agent at Demo Day that completed a 47-step workflow with
94% reliability.

## Deal Timeline

- March 15, 2025 — Sarah Chen presents at YC W25 Demo Day
- March 18, 2025 — Threshold Ventures (Marcus Reid) issues term sheet
- March 22, 2025 — Follow-up due diligence call with Sarah Chen
- March 28, 2025 — Round officially closed

## Use of Funds

- Hiring: 3 senior engineers (distributed systems, ML inference)
- Hiring: 1 design partner lead
- Infrastructure and compute costs
- Runway: approximately 18 months at planned burn rate

## Key Relationships

This deal connects NovaMind, Threshold Ventures, Sarah Chen, Priya Patel, and Marcus
Reid. The speed of execution (term sheet 3 days after Demo Day) reflects high
conviction from Threshold.

---

## Timeline

### 2025-03-18 — Term Sheet Issued

Marcus Reid at Threshold Ventures moved fast. $4M at $20M post-money. He was
especially compelled by the live demo reliability and the technical depth of the
founding team. Sarah Chen and Priya Patel together cover product, go-to-market, and
deep ML research, which is rare at seed stage.

### 2025-03-28 — Round Closed

All docs signed. Marcus Reid joins the NovaMind board. Angels filled quickly — several
YC partners participated based on the Demo Day performance. Sarah confirmed the
capital plan: primarily hiring, with a target of 8-10 people by Q3 2025 launch.
