About Innovation Group
Innovation Group is a company based in Fareham (United Kingdom) founded in 1996 was acquired by Allianz X in October 2022. It operates as a SaaS (Software-as-a-Service), and Managed Services. Innovation Group has completed 3 acquisitions, including Driven Solutions, EMAC Ltd and First Notice Systems. Innovation Group offers products and services including Gateway and Claims as a Service (CaaS). Innovation Group operates in a competitive market with competitors including Solera, Snapsheet, Boundless Rider, Tempcover and Claim Genius, among others.
- Headquarter Fareham, United Kingdom
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Sectors
Financial Services
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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 Innovation Group
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
The Carlyle Group
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Driven Solutions
& 2 more
- Acquired by
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Products & Services of Innovation Group
Innovation Group offers a comprehensive portfolio of products and services, including Gateway and Claims as a Service (CaaS). 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.
An end-to-end platform for insurance claims management.
Service designed for efficient insurance claims processing.
Unlock access to complete
Funding Insights of Innovation Group
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2015 | Amount | Private Equity Round - Innovation Group | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Innovation Group
Innovation Group has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include The Carlyle Group, Ardian and Allianz X. 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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Private investment firm specializing in markets and partnerships.
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Founded Year | Domain | Location | |
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Startups are funded via venture capital by Allianz-backed Allianz X.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward multiple sectors.
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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 Innovation Group
Innovation Group has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Driven Solutions, EMAC Ltd and First Notice Systems. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Limited information available
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1993 | ||||
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Provider of roadside assistance services
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1968 | ||||
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Innovation Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Innovation Group Comparisons
Competitors of Innovation Group
Innovation Group 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 Solera, Snapsheet, Boundless Rider, Tempcover and Claim Genius, 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 |
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| domain | founded_year | HQ Location |
Integrated automotive software solutions are provided for enhanced efficiency.
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| domain | founded_year | HQ Location |
Cloud-based software is offered for auto insurance claim management.
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| domain | founded_year | HQ Location |
Two-wheeler insurance products are provided via an online platform.
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| domain | founded_year | HQ Location |
Short-term auto insurance is distributed via an online platform.
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| domain | founded_year | HQ Location |
AI-based claims management is delivered for auto insurance.
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| domain | founded_year | HQ Location |
Auto insurance solutions are delivered via a cloud-based platform.
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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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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Innovation Group
Frequently Asked Questions about Innovation Group
When was Innovation Group founded?
Innovation Group was founded in 1996 and raised its 1st funding round 19 years after it was founded.
Where is Innovation Group located?
Innovation Group is headquartered in Fareham, United Kingdom. It is registered at Fareham, Hampshire, United Kingdom.
What does Innovation Group do?
Innovation Group is recognized as a leading global technology-led company specializing in insurance claims management. Comprehensive operational support and expert services are provided to major insurers, brokers, fleet managers, and automotive manufacturers worldwide. The Gateway platform, a cloud-native solution, is developed to enhance efficiency through smart engine technology, interconnectivity, and security features. Services span across insurance, repairer, automotive, and fleet sectors, with tailored solutions like Claims as a Service (CaaS) being offered. Operations are conducted across multiple continents, ensuring seamless network integration for the entire supply chain process.
Who are the top competitors of Innovation Group?
What products or services does Innovation Group offer?
Innovation Group offers Gateway and Claims as a Service (CaaS).
How many acquisitions has Innovation Group made?
Innovation Group has made 3 acquisitions, including Driven Solutions, EMAC Ltd, and First Notice Systems.
Who are Innovation Group's investors?
Innovation Group has 3 investors. Key investors include The Carlyle Group, Ardian, and Allianz X.