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- Innovapptive
Innovapptive Valuation, Funding & Investors
Innovapptive is valued at $580M as of June 2022.
Last Innovapptive valuation
$580M
Seed · Jun 2022
Last Innovapptive funding round
$4M
Seed · Jun 2022
Cumulative funding Innovapptive raised
$27M
across 4 funding rounds
Key investors in Innovapptive
Tiger Global
Hyderabad Angels
About Innovapptive
Innovapptive is a Houston-headquartered provider of mobile workforce solutions for asset-intensive industries. Its platform connects maintenance, operations, and warehousing teams via apps for work orders, inspections, and compliance, deployed at over 100 sites for clients in oil and gas, chemicals, and utilities across North America and Europe.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$580M (Jun 2022)
Innovapptive Valuation
Innovapptive is currently valued at $580M, based on its seed round in June 2022.
Innovapptive's valuation has grown 8.9x from $65M at its Series A in April 2019 to $580M in June 2022, across 2 priced rounds.
Innovapptive valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2022 | Seed | $580M |
| Apr 2019 | Series A | $65M |
Innovapptive Funding History
Innovapptive has raised a total of $27M across 4 funding rounds.
Innovapptive's first fundraising round was a $2M seed round in April 2017. The most recent completed round was a $4M seed round in June 2022.
Innovapptive funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2022 | Seed | - | $4M | $580M | Innovapptive secured $75M in Series C funding, bringing total funding to $140M at a $580M valuation. The investment supports growth in its connected workforce platform for asset-intensive industries, enabling conversational operations where equipment, machines, materials, and drones interact with workers for efficient workflows. This positions Innovapptive as a leader in enterprise software, addressing large addressable markets with strong growth potential and competitive moats. |
| May 2021 | Series A | - | $6M | - | - |
| Apr 2019 | Series A | Tiger Global (lead) | $16M | $65M | Innovapptive is a Houston-based connected workforce platform for asset-intensive industries, enabling equipment, machines, materials, and drones to communicate with workers, suppliers, and executives for unified operations and improved efficiency. The platform supports Industry 5.0 by placing humans at the center of intelligent workflows, helping customers grow revenues and profitability. On April 16, 2019, Innovapptive raised $16.3 million in a Series A round led by Tiger Global Management. The funding brings the company's post-money valuation to more than $65 million and will support global expansion and further development of its conversational operations platform. Tiger Global partner Scott Shleifer highlighted Innovapptive's leadership in boosting employee and asset productivity for industrial companies. |
| Apr 2017 | Seed | Hyderabad Angels (lead) | $2M | - | - |
Who has invested in Innovapptive?
2 investors have backed Innovapptive across its funding rounds, including Tiger Global and Hyderabad Angels.
Lead investors include Tiger Global and Hyderabad Angels.
Innovapptive Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Innovapptive investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInnovapptive Competitors
Innovapptive competitors include listed companies like Chrysos Corp. and ZUKEN, and private ones like proteanTecs, Apprentice.io, Autosys Industrial Solutions Private Limited and Accelsius.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $60M | - | $600M | 10.0x | ||
| Private | - | - | $622M | - | ||
| Publicly listed | $63M | $19M | $531M | 8.5x | ||
| Private | - | - | $651M | - | ||
| Private | - | - | $665M | - | ||
| Publicly listed | $277M | $51M | $679M | 1.7x |
Innovapptive Public Comps
Innovapptive is still privately-owned, but its public comps include Jiangxi Tianli Technology, Chrysos Corp., Hansen Technologies, ZUKEN, Shenzhen Sunwin, AsiaInfo, Hebei Gongda Keya Technology Group, Zhengzhou Jiean Hi-tech, Rand Worldwide and Breton Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $73M | $69K | 7.2x | - | 7603.1x | - | |||
| $63M | $19M | 8.9x | 8.5x | 29.1x | 26.6x | |||
| $275M | $52M | 1.9x | 1.9x | 9.8x | 6.3x | |||
| $277M | $51M | 1.6x | 1.7x | 8.9x | - | |||
| $20M | ($147M) | 37.7x | - | (5.0x) | - | |||
| $940M | $39M | 0.3x | 0.3x | 8.1x | 7.9x | |||
| $69M | $9M | 5.7x | - | 45.7x | - | |||
| $54M | $9M | 7.2x | 6.6x | 42.9x | - | |||
This data is available for Pro users. Sign up to see all Innovapptive competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Innovapptive
| When was Innovapptive founded? | Innovapptive was founded in 2012. |
| Where is Innovapptive headquartered? | Innovapptive is headquartered in Houston, TX, United States. |
| Is Innovapptive publicly listed? | No, Innovapptive is a private, VC-backed company. |
| What is Innovapptive's valuation? | Innovapptive was last valued at $580M in its seed round in June 2022. |
| How much funding has Innovapptive raised? | Innovapptive has raised $27M across 4 funding rounds. |
| What was Innovapptive's last funding round? | Innovapptive's last funding round was a $4M seed round in June 2022. |
| Who are Innovapptive's investors? | Innovapptive's investors include Hyderabad Angels and Tiger Global. |
| Which companies are comparable to Innovapptive? | Companies comparable to Innovapptive include proteanTecs, Apprentice.io, Chrysos Corp., Autosys Industrial Solutions Private Limited, Accelsius and ZUKEN. |
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