About Appnovation
Appnovation is a company based in Vancouver (Canada) founded in 2007.. Appnovation has raised $19.88 million across 2 funding rounds from investors including Export Development Canada, BGF and Canadian Business Growth Fund. Appnovation has completed 2 acquisitions, including Conquer Mobile and Wunderkraut Belgium. Appnovation offers products and services including Strategy Services, Experience and Design, Engineering Services, and Managed Services. Appnovation operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others.
- Headquarter Vancouver, Canada
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19.88 M (USD)
in 2 rounds
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Latest Funding Round
$8.66 M (USD), Series B
Sep 28, 2020
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Investors
Export Development Canada
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Conquer Mobile
& 1 more
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Products & Services of Appnovation
Appnovation offers a comprehensive portfolio of products and services, including Strategy Services, Experience and Design, Engineering Services, and Managed Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offering strategic digital planning for business needs
Creating user-focused digital experiences for clients
Building custom software solutions for industries
Providing ongoing support for digital platforms
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Funding Insights of Appnovation
Appnovation has successfully raised a total of $19.88M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $8.66 million completed in September 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $8.7M
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First Round
First Round
(13 Aug 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Series B - Appnovation | Valuation | BGF , Canadian Business Growth Fund |
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| Aug, 2019 | Amount | Series A - Appnovation | Valuation | Canadian Business Growth Fund , BGF |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Appnovation
Appnovation has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Export Development Canada, BGF and Canadian Business Growth Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early & Growth stage tech & offline focused VC firm funding companies in the UK & Ireland
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Founded Year | Domain | Location | |
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Growth capital investments are made by this private equity firm.
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Founded Year | Domain | Location | |
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SME loans are provided to support business exports.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Appnovation
Appnovation has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Conquer Mobile and Wunderkraut Belgium. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Custom mobile applications are developed for enterprises.
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2009 | ||||
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Analytics, managed IT, designing, and support services are provided.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Appnovation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Appnovation Comparisons
Competitors of Appnovation
Appnovation operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
Multi-access edge networking computing platform is provided for mobile services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Appnovation
Frequently Asked Questions about Appnovation
When was Appnovation founded?
Appnovation was founded in 2007 and raised its 1st funding round 12 years after it was founded.
Where is Appnovation located?
Appnovation is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Is Appnovation a funded company?
Appnovation is a funded company, having raised a total of $19.88M across 2 funding rounds to date. The company's 1st funding round was a Series A of $11.22M, raised on Aug 13, 2019.
What does Appnovation do?
Appnovation was founded in 2007 in Vancouver, Canada, with a focus on web and mobile cross-platform application development using open technologies. Services are provided in big data, business intelligence, business process management, cloud computing, e-commerce, and related areas. Expert consulting is offered for technologies including Drupal, MuleSoft, HTML5, MongoDB, Hadoop, Alfresco, and GitHub. Clients served include American Express, Cisco, Pfizer, and others.
Who are the top competitors of Appnovation?
Appnovation's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
What products or services does Appnovation offer?
Appnovation offers Strategy Services, Experience and Design, Engineering Services, and Managed Services.
How many acquisitions has Appnovation made?
Appnovation has made 2 acquisitions, including Conquer Mobile, and Wunderkraut Belgium.
Who are Appnovation's investors?
Appnovation has 3 investors. Key investors include Export Development Canada, BGF, and Canadian Business Growth Fund.