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NOVICA UNITED INC

Los Angeles, CA

NOVICA is aiming to be a leader in global handmade commerce with over $20M in gross revenue (2025, unaudited) and $142M+ delivered to artisans. Handmade.com, its new growth division, expands this mission-driven platform through a self-service interface for makers, AI-assisted onboarding, and a capital-light model built for global scale.

Post-money valuation
$74.5M
As of Apr 2026 · from Reg CF Offering (2026) · pre-money + amount raised, not a traded price
Total raised
$332,688
Across 1 round since 2026
Latest share price
$2.04
Reg CF Offering (2026) offering price

Financials

FY2023–FY2024 · from SEC filings · hover any figure for its source
$25.5M
−$2.1M
2023
$22.5M
−$2.2M
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2023
FY2024
Income statement
Revenue
$25,486,777
$22,516,473
Cost of goods sold
$12,141,641
$10,738,227
Gross margin
52%
52%
Net income
-$2,109,203
-$2,217,261
Taxes paid
$0
$0
Balance sheet
Cash
$2,646,429
$2,896,871
Accounts receivable
$616,488
$354,177
Total assets
$10,803,256
$10,108,377
Short-term debt
$5,774,527
$6,184,929
Long-term debt
$1,199,851
$974,974
Total liabilities
$6,974,378
$7,159,903
Other
Headcount
119

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Post-money = pre-money + amount raised · caps marked
$74.5M
post-money
Reg CF Offering (2026)

A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.

Fundraising history

Reg CF Offering (2026)ClosedReg CF · Preferred Equity · via STARTENGINE PRIMARY LLC
Raised $332.7K / $2.6MInvestors 283Post-money $74.5M

Team

11 people
ANDY MILK
CO-FOUNDER & COO

Andy is a recognized 20+ year expert in global logistics and operations. At NOVICA, he spearheaded the creation of groundbreaking global logistics systems, which he continues to expand and direct today. Andy is a passionate innovator and advocate of sustainable development. He credits his parents and grandparents with inspiring his (and his brother Roberto’s) passion for traditional cultures and social entrepreneurship. He is fluent in English, Spanish, and conversant in Italian and Portuguese. Before co-founding NOVICA, Andy worked as the internet administrator for the Texas State SBEC, and also worked for the University of Texas and the Santa Rosa Hospital in San Antonio. Andy graduated from Stanford University with honors.

ARMENIA NERCESSIAN
CO-FOUNDER, DIRECTOR & PRESIDENT

Prior to co-founding NOVICA, Armenia served as a United Nations Human Rights Officer. She dedicated her career to working in war torn countries around the world, assisting refugees and participating in complex peace processes, including in El Salvador and Bosnia Herzegovina. Armenia served on a UNHCR team that won a Nobel Peace Prize (1981). She is fluent in six languages and conversant in three more. Armenia’s UN missions spanned over two decades prior to co-founding NOVICA. Now she pours her passion into creating fair trade opportunities for artists and artisans in emerging nations. She has been featured on numerous news programs and recognized as a Schwab Foundation Social Entrepreneur of the Year.

CHARLES HACHTMANN
CO-FOUNDER & CTO/CMO

With over 20 years working in technology and online marketing, Charles is a noted industry expert and is frequently featured in case studies and on industry panels. Prior to co-founding NOVICA in 1999, Charles managed Tri-Stel International, a consulting firm based in Austin, Texas. As an application developer and systems analyst for clients such as 3M and the Executive MBA Program at University of Texas at Austin, he also participated in new business development with several software and technology start-ups. Charles earned a BA from the University of Texas at Austin, with a major in Psychology and a minor in Mathematics and Business.

JOSE CERVANTES
CO-FOUNDER AND SVP OF SALES & OPERATIONS

Prior to co-founding NOVICA, Jose worked for the Boston Consulting Group in Monterrey and Mexico City, focusing on Ecommerce strategy and retailer logistics. Jose received a Master’s degree in Operations Research and a Master’s degree in Mechanical Engineering, both from the Massachusetts Institute of Technology (MIT). He worked on a variety of research projects with NASA, AT&T Bell Labs and General Motors. He is fluent in English, Spanish, Italian, conversant in Portuguese, and has basic knowledge of Japanese. He received his BS in Mechanical Engineering with Distinction from Stanford in 1995.

ROBERTO MILK
CO-FOUNDER, DIRECTOR & CEO

Roberto is a 20+ year industry pioneer and expert in the field. The Schwab Foundation recognized him as an Outstanding Social Entrepreneur for his work with NOVICA, the World Economic Forum named him a Young Global Leader, YPO recognized his work with a Global Impact Award, and América Economia highlighted NOVICA’s dedication to cultural preservation. Prior to co-founding NOVICA in 1999, Roberto worked in investment banking, helping raise funds across capital markets, M&A, and venture financings. He is a CFA Charterholder, worked in Peru’s National Tax Department, and graduated from Stanford University with honors in International Relations. Fluent in English, Spanish, and Portuguese, he combines financial discipline with a long-standing commitment to expanding economic opportunity through entrepreneurship.

BLAKE HATCHER
CFO

Blake Hatcher, CPA, serves as NOVICA’s CFO, leading the accounting team on a fractional basis. He brings more than 15 years of experience supporting high-growth companies ranging from startups to Fortune 500 enterprises. His background includes leadership roles at companies such as TaskUs and Shine America, with expertise spanning technology, NGOs, real estate, and entertainment. Blake specializes in building financial infrastructure, strengthening corporate accounting functions, overseeing international operations, and guiding management teams through strategic decision-making. Prior to founding Hatcher CFO in 2018, he served as Director of Corporate Accounting at American Property Group and as Chairman of the Board at Partners for Potential, focusing on financial systems, reporting, and scalable growth.

Armenia Nercessian de Oliveira
President, Board Member
CATHERINE RYAN
SVP COMMUNICATIONS & SPOKESPERSON

Catherine directed NOVICA’s communications efforts from the outset, and she helped establish NOVICA as a global fair trade marketplace by securing hundreds of major media features, and continues to lead NOVICA's email marketing campaigns and social media. Before joining NOVICA in 2000, Catherine wrote political and travel articles for international magazines, and was a frequent expert commentator on news radio and television programs. Catherine also served as an NGO-invited human rights investigator, and at the request of a rebel army, she conducted an exploratory peace-themed meeting with former President Jimmy Carter. A UC Berkeley graduate, Catherine later returned as a guest lecturer at UCB’s Graduate School of Journalism.

KAT KELLY
SVP SOURCING & MERCHANDISING

Kat has directed NOVICA’s global sourcing since 2008. Her career in retail spans three decades, with two decades specialized in e-commerce. Kat oversees NOVICA sourcing teams spanning 10 regions of the world, managing product development and the production of NOVICA and UNICEF print catalogs. Kat travels extensively for hands-on sourcing and team development. Prior to NOVICA, Kat was a Partner at The Dock Downtown and made regular buying trips to select and develop home décor, textiles, furniture and gifts. Prior to that she was Merchandise Manager for GFLA and also worked for Warner Bros Consumer Products in design and merchandising. Kat graduated with honors from the Fashion Institute of Design and Merchandising.

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MICHAEL BURNS
CHAIRMAN, DIRECTOR

Michael Burns is NOVICA’s Chairman of the Board. He actively serves as the Vice Chairman of Lionsgate, where he played a central role in building the company into a global content leader with a market cap of over $2 billion. Widely respected for his leadership in media and capital markets, he has helped guide Lionsgate’s growth into a major entertainment studio. Mr. Burns has played a key role in the acquisition, production and distribution of some of Lionsgate's most successful films, including the Best Picture Academy Award® winning CRASH, the Oscar® - winning MONSTER’S BALL, the Academy Award(R)- winning PRECIOUS, and the Oscar® Award winning documentary THE COVE. Mr. Burns graduated with a B.S. from Arizona State University and received his M.B.A. from the John E. Anderson Graduate School of Management at the University of California, Los Angeles, where he joined its distinguished Board of Visitors. He is also a recipient of the Global Champions Award from International Medical Corps in recognition of his support for the organization’s humanitarian work.

DOUG STERN
DIRECTOR

Mr. Stern was President, Chief Executive Officer and Co-Founder of Scripps Ventures, the venture capital operations of The E.W. Scripps Company, which he joined in June 1996. He also served as President and Chief Executive Officer of United Media, a licensing and newspaper syndication company wholly owned by The E.W. Scripps Company, which he joined in August 1993. Prior to joining Scripps, Mr. Stern spent six years in senior management positions at Twentieth Century Fox. Earlier in his career, he worked as a management consultant at McKinsey & Company. Mr. Stern holds a Ph.D. in psychology from Temple University and a B.A. in psychology from the University of Rochester.

Names and titles as disclosed on StartEngine, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 0 of 1 annual reports (FY2025)

Missing: 2025

283 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C/AMar 30, 20260001115436-26-000009
    EDGAR
  • Form C/AMar 19, 20260001115436-26-000007
    EDGAR
  • Form CMar 19, 20260001115436-26-000004
    EDGAR
Source: SEC EDGARCIK 0001115436DEShare price $2.04Last synced Aug 17, 2026

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.