Total amount raised
$42 Million
Latest funding date
2023-05-04
Location
Innovapptive has successfully raised funding to support its AI-powered connected worker solutions, which aim to enhance workforce efficiency, safety, and operational productivity. The company's platform includes various suites and tools designed to address business challenges across multiple industries.
Keep reading to explore the intricacies of Innovapptive's fundraising journey and the investors backing this innovative platform.
What Is Innovapptive?
Innovapptive is a pioneer in connected worker solutions, delivering AI-powered, mobile-first tools to enhance productivity, safety, and operational efficiency. The company serves multiple industries, including chemicals, oil & gas, mining & metals, manufacturing, and power generation.
Innovapptive's AI-powered Connected Worker Platform is designed to streamline frontline work and unlock trapped EBITDA. The platform includes various suites and tools aimed at improving operational efficiency, safety, and productivity across multiple industries. Innovapptive is trusted by global enterprises and has empowered over 15,000 frontline workers, digitized over 10 million work orders, and transformed over 120 sites.
How Much Funding Has Innovapptive Raised?
- Series Unknown
- Amount Raised: USD 1,500,000
- Date: April 2017
- Lead Investors: Hyderabad Angels
- Series A
- Amount Raised: USD 16,300,000
- Date: April 2019
- Lead Investors: Tiger Global Management
- Series Unknown
- Amount Raised: USD 5,710,880
- Date: May 2021
- Series Unknown
- Amount Raised: USD 3,499,997
- Date: June 2022
- Debt Financing
- Amount Raised: USD 15,000,000
- Date: October 2022
- Lead Investors: Espresso Capital
- Series B
- Date: May 2023
- Lead Investors: Vista Equity Partners
In total, Innovapptive has raised USD 42,010,877 across all funding rounds.
Key Investors
- Vista Equity Partners
- Details: Vista Equity Partners is a leading global investment firm focused on enterprise software, data, and technology-enabled businesses. They have a strong track record of helping companies achieve growth and operational excellence.
- Investment Focus Areas: Software, data, technology-enabled businesses
- Notable Investments: Marketo, Ping Identity, Datto
- Espresso Capital
- Details: Espresso Capital provides innovative venture debt solutions to growth-stage technology companies. They offer flexible financing options to help companies scale without diluting equity.
- Investment Focus Areas: Technology, healthcare, life sciences
- Notable Investments: Not publicly disclosed
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on private and public companies in the global Internet, software, consumer, and financial technology sectors. They are known for their aggressive investment strategy and significant capital deployment.
- Investment Focus Areas: Internet, software, consumer, financial technology
- Notable Investments: Facebook, LinkedIn, Spotify
- Hyderabad Angels
- Details: Hyderabad Angels is a network of angel investors that provides funding and mentorship to early-stage startups. They focus on nurturing innovative ideas and helping entrepreneurs scale their businesses.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Not publicly disclosed
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