About Innovate Services
Innovate Services is a company based in West Byfleet (United Kingdom) founded in 2007 was acquired by Frostkrone Food Group in February 2020.. Innovate Services has raised $11.89 million across 1 funding round from investors including Bridges Fund Management and Frostkrone Food Group. The company has 975 employees as of July 31, 2021. Innovate Services operates in a competitive market with competitors including EatFirst, Feedr, City Pantry, Olive Dining and Ordit, among others.
- Headquarter West Byfleet, United Kingdom
- Employees 975 as on 31 Jul, 2021
-
Sectors
ConsumerBusiness Services Retail
-
Phone
*********
-
Website
*********
- Legal Name Innovate Services Limited
- Date of Incorporation 07 Nov, 2007
- Jurisdiction WOKING, UNITED KINGDOM
-
Annual Revenue
$29.92 M (USD)3as on Jul 31, 2021
-
Net Profit
$1.34 M (USD)27as on Jul 31, 2021
-
EBITDA
$-1.24 M (USD)-217as on Jul 31, 2021
-
Total Equity Funding
$11.89 M (USD)
in 1 rounds
-
Latest Funding Round
$11.89 M (USD), Series A
Feb 21, 2018
-
Investors
Bridges Fund Management
& 1 more
-
Employee Count
975
as on Jul 31, 2021
-
Acquired by
Frostkrone Food Group
(Feb 18, 2020)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Innovate Services
Innovate Services has successfully raised a total of $11.89M through 1 strategic funding round. The most recent funding activity was a Series A round of $11.89 million completed in February 2018. 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 1
- Last Round Series A — $11.9M
-
First Round
First Round
(21 Feb 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2018 | Amount | Series A - Innovate Services | Valuation | Bridges Fund Management |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Innovate Services
Innovate Services has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Bridges Fund Management and 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 |
|---|---|---|---|---|
|
Bridges Fund Management is focused on sustainable and impact investing.
|
Founded Year | Domain | Location | |
|
Frostkrone Food Group is engaged in producing innovative finger food snacks.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Innovate Services
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Innovate Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Innovate Services Comparisons
Competitors of Innovate Services
Innovate Services 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 EatFirst, Feedr, City Pantry, Olive Dining and Ordit, 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 |
Food orders and deliveries for offices are handled online.
|
|
| domain | founded_year | HQ Location |
Office food catering services are offered via an online platform.
|
|
| domain | founded_year | HQ Location |
Healthy meals are delivered to offices through an online platform.
|
|
| domain | founded_year | HQ Location |
Catering services for schools are provided in the United Kingdom.
|
|
| domain | founded_year | HQ Location |
Office-focused food delivery services are facilitated via an online platform.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Innovate Services
Frequently Asked Questions about Innovate Services
When was Innovate Services founded?
Innovate Services was founded in 2007 and raised its 1st funding round 11 years after it was founded.
Where is Innovate Services located?
Innovate Services is headquartered in West Byfleet, United Kingdom.
Is Innovate Services a funded company?
Innovate Services is a funded company, having raised a total of $11.89M across 1 funding round to date. The company's 1st funding round was a Series A of $11.89M, raised on Feb 21, 2018.
How many employees does Innovate Services have?
As of Jul 31, 2021, the latest employee count at Innovate Services is 975.
What is the annual revenue of Innovate Services?
Annual revenue of Innovate Services is $29.92M as on Jul 31, 2021.
What does Innovate Services do?
Innovate Services was founded in 2007 and is based in West Byfleet, United Kingdom. Operations focus on food catering for schools, where hot meals are delivered with all necessary food and equipment provided, or prepared onsite alongside service and cleanup. Meals include sandwiches, fruits, milk, fruit juices, and bakery items, prepared without chilling or freezing and using organic milk. Parents can pre-purchase meals and review weekly menus online.
Who are the top competitors of Innovate Services?
Innovate Services's top competitors include Feedr, EatFirst and City Pantry.
Who are Innovate Services's investors?
Innovate Services has 2 investors. Key investors include Bridges Fund Management, and Frostkrone Food Group.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.