About Innovate Foods
Innovate Foods is a company based in Kirkcaldy (United Kingdom) founded in 1989 was acquired by Frostkrone Food Group in February 2020.. The company has 88 employees as of December 31, 2021. Innovate Foods offers products and services including Frozen Finger-Food, Melted mmm Range, Crunchy Coating Range, and Cheesy does it Range.
- Headquarter Kirkcaldy, United Kingdom
- Employees 88 as on 31 Dec, 2021
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Sectors
Industrial Goods & Manufacturing
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Email
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Phone
*********
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Website
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Social
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- Legal Name Innovate Foods Limited
- Date of Incorporation 16 Feb, 1989
- Jurisdiction KIRKCALDY, FIFE, SCOTLAND
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Annual Revenue
$29.65 M (USD)20as on Dec 31, 2022
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Net Profit
$1.61 M (USD)28as on Dec 31, 2022
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
88
as on Dec 31, 2021
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Acquired by
Frostkrone Food Group
(Feb 01, 2020)
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Products & Services of Innovate Foods
Innovate Foods offers a comprehensive portfolio of products and services, including Frozen Finger-Food, Melted mmm Range, Crunchy Coating Range, and Cheesy does it Range. 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.
Bespoke frozen food items for foodservice and retail sectors.
Specialized frozen food line with innovative coatings.
Frozen products featuring crispy and crunchy textures.
Bespoke frozen cheesy food options for various markets.
Funding Insights of Innovate Foods
| 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 Innovate Foods
Innovate Foods has secured backing from 1 investor. Prominent investors backing the company include Frostkrone Food Group. 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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Frostkrone Food Group is engaged in producing innovative finger food snacks.
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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 Innovate Foods
| 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 |
Financial Statements - Innovate Foods
| 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 |
Innovate Foods Comparisons
Competitors of Innovate Foods
| 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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Frequently Asked Questions about Innovate Foods
When was Innovate Foods founded?
Innovate Foods was founded in 1989.
Where is Innovate Foods located?
Innovate Foods is headquartered in Kirkcaldy, United Kingdom.
How many employees does Innovate Foods have?
As of Dec 31, 2021, the latest employee count at Innovate Foods is 88.
What is the annual revenue of Innovate Foods?
Annual revenue of Innovate Foods is $29.65M as on Dec 31, 2022.
What does Innovate Foods do?
Innovate Foods was established in 1989 and is located in Kirkcaldy, United Kingdom. Operations in the food processing sector are centered on customizing services to meet client specifications. Tailored processing techniques are applied to various food products, supporting efficiency in production for businesses across the UK. The companys domain, innovatefoods.co.uk, facilitates access to these specialized services within the domestic market.
What products or services does Innovate Foods offer?
Innovate Foods offers Frozen Finger-Food, Melted mmm Range, Crunchy Coating Range, and Cheesy does it Range.
Who are Innovate Foods's investors?
Innovate Foods has 1 investor. Key investors include Frostkrone Food Group.