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
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Sectors
ConsumerBusiness Services Retail
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Phone
Locked
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Website
Locked
- Legal Name Innovate Services Limited
- Date of Incorporation 07 Nov, 2007
- Jurisdiction WOKING, UNITED KINGDOM
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Annual Revenue
$29.92 M (USD)3as on Jul 31, 2021
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Net Profit
$1.34 M (USD)27as on Jul 31, 2021
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EBITDA
-$1.24 M (USD)-217as on Jul 31, 2021
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Total Equity Funding
$11.89 M (USD)
in 1 rounds
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Latest Funding Round
$11.89 M (USD), Series A
Feb 21, 2018
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Investors
Bridges Fund Management
& 1 more
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Employee Count
975
as on Jul 31, 2021
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Acquired by
Frostkrone Food Group
(Feb 18, 2020)
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Bridges Fund Management is focused on sustainable and impact investing.
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Frostkrone Food Group is engaged in producing innovative finger food snacks.
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Investor details for Innovate Services
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Investments & Acquisitions by Innovate Services
Investment portfolio details for Innovate Services
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Financial Statements - Innovate Services
Detailed financials for Innovate Services
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Innovate Services Comparisons
Peer comparison for Innovate Services
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Food orders and deliveries for offices are handled online.
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Office food catering services are offered via an online platform.
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Healthy meals are delivered to offices through an online platform.
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Catering services for schools are provided in the United Kingdom.
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Office-focused food delivery services are facilitated via an online platform.
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Detailed competitors of Innovate Services
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Latest news on Innovate Services
Complete news archive for Innovate Services
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Frequently Asked Questions about Innovate Services
Innovate Services was founded in 2007 and raised its 1st funding round 11 years after it was founded.
Innovate Services is headquartered in West Byfleet, United Kingdom.
Innovate Services is a funded company, having raised a total of $11.89M across 1 funding round to date.
As of Jul 31, 2021, the latest employee count at Innovate Services is 975.
Annual revenue of Innovate Services is $29.92M as on Jul 31, 2021.
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.
Innovate Services's top competitors include Feedr, EatFirst and City Pantry.
Innovate Services has 2 investors. Key investors include Bridges Fund Management, and Frostkrone Food Group.