About InnoCentive
InnoCentive is a company based in Waltham (United States) founded in 2001 was acquired by Wazoku in July 2020. InnoCentive has raised $27.93 million across 4 funding rounds from investors including SAP, Wazoku and Omidyar Network. The company has 27 employees as of December 31, 2022. InnoCentive has completed 1 acquisition, including OmniCompete. InnoCentive offers products and services including Crowd Challenges and Solver Community. InnoCentive operates in a competitive market with competitors including COMATCH, Catalant, Lynk, Arbolus and Inex One, among others.
- Headquarter Waltham, United States
- Employees 27 as on 31 Dec, 2022
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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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- Legal Name Innocentive, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$27.93 M (USD)
in 4 rounds
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Latest Funding Round
$5.13 M (USD), Series B
Nov 02, 2011
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Investors
SAP
& 5 more
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Employee Count
27
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Wazoku
(Jul 10, 2020)
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Products & Services of InnoCentive
InnoCentive offers a comprehensive portfolio of products and services, including Crowd Challenges and Solver Community.
Platform for posting and solving scientific and technology challenges
Community for solvers to collaborate on innovation tasks
People of InnoCentive
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Funding Insights of InnoCentive
InnoCentive has successfully raised a total of $27.93M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $5.13 million completed in November 2011. 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.
Investors in InnoCentive
InnoCentive has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include SAP, Wazoku and Omidyar Network.
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Tech & Life Science focused early stage VC firm investing in the US
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Early-stage life sciences investments are targeted in the healthcare sector.
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Investor details for InnoCentive
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Investments & Acquisitions by InnoCentive
InnoCentive has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include OmniCompete.
Investment portfolio details for InnoCentive
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Innovation competition events are organized and facilitated for participants.
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Complete acquisition details for InnoCentive
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Financial Statements - InnoCentive
Detailed financials for InnoCentive
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Innocentive Comparisons
Peer comparison for InnoCentive
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Competitors of InnoCentive
InnoCentive 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 COMATCH, Catalant, Lynk, Arbolus and Inex One, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Expert consulting is matched via an online marketplace platform.
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Expert consultants are matched with businesses through an online marketplace.
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Enterprise knowledge management is facilitated by a cloud-based collaboration platform.
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Cloud and AI are integrated into an enterprise social platform.
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Provider of a platform connecting market researchers with expert networks and survey providers
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Expert consultants are matched with clients via an online marketplace.
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Detailed competitors of InnoCentive
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Latest news on Innocentive
Complete news archive for InnoCentive
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Frequently Asked Questions about InnoCentive
InnoCentive was founded in 2001 and raised its 1st funding round 5 years after it was founded.
InnoCentive is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.
InnoCentive is a funded company, having raised a total of $27.93M across 4 funding rounds to date.
As of Dec 31, 2022, the latest employee count at InnoCentive is 27.
InnoCentive was founded in 2001 and is based in Waltham, United States. An online platform is operated as a marketplace for consultants in the innovation and problem-solving sector. Organizations post challenges, solutions are submitted by participants, evaluations are conducted to select viable options, and incentives are provided to chosen solvers. Operations focus on connecting seekers with expertise across various fields.
InnoCentive offers Crowd Challenges and Solver Community.
InnoCentive has made 1 acquisition, including OmniCompete.
InnoCentive has 6 investors. Key investors include SAP, Wazoku, Omidyar Network, Spencer Trask & Co, and In-Q-Tel.