About innovaTel
innovaTel is a company based in Erie (United States) founded in 2014 by Robert Wilson was acquired by Iris Telehealth in January 2025.. innovaTel has raised $2 million across 2 funding rounds from investors including Quartet Health, Iris Telehealth and Canyon Healthcare Partners. innovaTel offers products and services including Telepsychiatry Services and Teletherapy Services. innovaTel operates in a competitive market with competitors including Iris Telehealth, InSight Telepsychiatry, Calmerry, Juno Clinic and 1DocWay, among others.
- Headquarter Erie, United States
- Founders Robert Wilson
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Sectors
Healthcare
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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 Innovatel, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2 M (USD)
in 2 rounds
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Latest Funding Round
$2 M (USD), Private Equity Round
Feb 02, 2017
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Investors
Quartet Health
& 2 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of innovaTel
innovaTel offers a comprehensive portfolio of products and services, including Telepsychiatry Services and Teletherapy 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.
Provides remote psychiatrists for healthcare organizations' behavioral needs.
Offers remote therapy clinicians to support mental health programs.
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Funding Insights of innovaTel
innovaTel has successfully raised a total of $2M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $2 million completed in February 2017. 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 Private Equity Round — $2.0M
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First Round
First Round
(12 Dec 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Private Equity Round - innovaTel | Valuation |
investors |
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| Dec, 2016 | Amount | Debt – Conventional - innovaTel | Valuation |
investors |
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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 innovaTel
innovaTel has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Quartet Health, Iris Telehealth and Canyon Healthcare Partners. 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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Population Health Management platform for integrated behavioral and medical health
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Telehealth behavioral health services are provided to healthcare organizations.
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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 innovaTel
| 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 - innovaTel
| 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 |
Innovatel Comparisons
Competitors of innovaTel
innovaTel 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 Iris Telehealth, InSight Telepsychiatry, Calmerry, Juno Clinic and 1DocWay, 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 |
Telehealth behavioral health services are provided to healthcare organizations.
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| domain | founded_year | HQ Location |
On-demand telepsychiatry services are delivered for crisis psychiatric evaluations.
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| domain | founded_year | HQ Location |
Online teleconsultation platform for mental health counseling is provided.
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| domain | founded_year | HQ Location |
Provider of an online counselling platform with psychologists
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| domain | founded_year | HQ Location |
Telepsychiatry services are delivered via online video appointments and scheduling.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Innovatel
Frequently Asked Questions about innovaTel
When was innovaTel founded?
innovaTel was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is innovaTel located?
innovaTel is headquartered in Erie, United States. It is registered at Erie, Pennsylvania, United States.
Who is the current CEO of innovaTel?
Christina Mainelli is the current CEO of innovaTel.
Is innovaTel a funded company?
innovaTel is a funded company, having raised a total of $2M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $1M, raised on Dec 12, 2016.
What does innovaTel do?
Telepsychiatry services to outpatient settings. It provides telepsychiatry services to community primary care centers, senior living centers, and other outpatient settings located in rural and urban areas. Its services include initial evaluations, medication management, and consultation with on-site providers. It also offers online training for the supervision of mental health professionals, participation in multi-disciplinary treatment teams, and consultation with primary care physicians and pediatricians.
Who are the top competitors of innovaTel?
innovaTel's top competitors include Iris Telehealth, InSight Telepsychiatry and Calmerry.
What products or services does innovaTel offer?
innovaTel offers Telepsychiatry Services and Teletherapy Services.
Who are innovaTel's investors?
innovaTel has 3 investors. Key investors include Quartet Health, Iris Telehealth, and Canyon Healthcare Partners.
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