Nuvo

Company Overview

Snapshot

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

Business overview

Nuvo is dedicated to transforming pregnancy care through advanced 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 virtual well-being checks and remote non-stress tests, ensuring continuous connection between patients and doctors. Nuvo operates within the Health Tech & Life Sciences sector, specifically focusing on Digital Healthcare and Patient Remote Monitoring, serving markets in North America and Europe.

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 significant financial and operational challenge for Nuvo, indicating potential restructuring or legal complexities that investors should monitor closely.

Company Intelligence Q&A

When did Nuvo go public?

Nuvo went public on NASDAQ in May 2024, completing a merger with LAMF Global Ventures I.

What is the primary product offered by Nuvo?

Nuvo's primary product is the INVU by Nuvo platform, an FDA-cleared, prescription-initiated remote pregnancy monitoring and management system.

Has Nuvo received FDA clearance for its technology?

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

What significant legal development occurred recently regarding Nuvo's securities?

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 affiliates.