Novek
6 known investors
Novek designs and develops IoT hardware and software aimed at removing single-use plastic from fast-moving consumer goods (FMCG) supply chains. It builds these solutions in-house for the consumer goods supply chain sector.
Also known as Novek Limited · Novek Technologies · Novek Technology Inc
Investors · 6
Company profile
researched Aug 2026Novek Technologies develops Internet-of-Things technology aimed at eliminating single-use plastic from fast-moving consumer goods (FMCG) supply chains, designing and developing both hardware and software in-house. Its customer-facing products include a mobile application and web services through which authorised users log in with a username or phone number and access code to view real-time and historical telemetry from an assigned "ATM" dispensing machine, indicating that the hardware takes the form of connected dispensing units deployed at customer sites.
The business is operated through multiple legal entities, Novek Technology Inc and Novek Limited (together "Novek"), with Novek Limited acting as the data controller for user data. Backend infrastructure runs on Microsoft Azure in the United Kingdom, with data stored on UK-based servers and accessed by group personnel including a group entity in Kenya. An investor directory classifies the company in the climate and clean energy sector, at seed stage, with a B2B SaaS model.
Business model
Novek supplies connected dispensing hardware together with software services to organisations, whose staff receive credentialed access to machine telemetry; retention terms for telemetry data can be varied by agreement with the customer's organisation, indicating organisation-level contracts. A third-party directory characterises the model as B2B SaaS.
Traction
A mobile application is distributed through Google Play, for which the company publishes a Data Safety declaration, and its privacy policy references live authenticated access to deployed dispensing machine telemetry on behalf of customer organisations.
Latest developments
An updated privacy policy covering the Novek mobile application, website and related services took effect on 01 January 2026, documenting UK-based Azure hosting and intra-group support arrangements including a Kenyan entity.
▸Full profile — market position, technology, go-to-market, geography
Market position
Listed by the F4 investor directory under Climate & Clean Energy at seed stage, alongside other companies in food, beverage and materials adjacent categories.
Technology
The company designs and develops IoT hardware and software from scratch. Deployed dispensing machines transmit operational telemetry that is surfaced to authorised users in real time and historically through a mobile application. The backend is hosted on Microsoft Azure in the UK region; data is encrypted in transit using TLS 1.2 or higher and at rest using AES-256 or equivalent, with role-based access controls, and the applications avoid advertising SDKs, tracking pixels and behavioural analytics platforms. Telemetry is retained on a rolling 24-month basis, device information and usage logs for 12 months.
Go-to-market
Fast-moving consumer goods supply chain participants; software access is provisioned to individual users on behalf of their organisation, each mapped to an assigned dispensing machine.
Geography
Operations span multiple jurisdictions: Novek Technology Inc and Novek Limited are the operating entities, servers and cloud infrastructure are located in the United Kingdom, and a group entity in Kenya provides application development and technical support.
Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
In the news
▸Research sources · 5
primary sources listed
- Noveknovek.io · web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Novek do?
- Novek builds IoT hardware and software intended to eliminate single-use plastic from FMCG supply chains.
- Who are Novek's investors?
- Novek's investors include Future Africa, Microtraction, Nairobi Business Angel Network, Satgana, Timon Capital, Musha Ventures.