About Innovation Living
Innovation Living is a company based in Randers (Denmark) founded in 1971 by Flemming Hojfeldt.. Innovation Living has raised $2.52 million across 2 funding rounds from investors including IFU. Innovation Living offers products and services including Sofa Beds, Daybeds, Chairs and Ottomans, Coffee Tables, and Accessories. Innovation Living operates in a competitive market with competitors including La-Z-Boy, Cane-line, Boform, Tradepoint A/S and furnipart, among others.
- Headquarter Randers, Denmark
- Founders Flemming Hojfeldt
- Stage Minicorn
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Sectors
Consumer
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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 Living India Private Limited
- Date of Incorporation 08 Dec, 2020
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2022
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Net Profit
$-542.32 (USD)1.06as on Mar 31, 2022
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EBITDA
$-542.32 (USD)1.06as on Mar 31, 2022
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Total Equity Funding
$2.52 M (USD)
in 2 rounds
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Latest Funding Round
$2.22 M (USD), Private Equity Round
Sep 26, 2018
- Investors
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Employee Count
Employee Count
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Products & Services of Innovation Living
Innovation Living offers a comprehensive portfolio of products and services, including Sofa Beds, Daybeds, Chairs and Ottomans, Coffee Tables, and Accessories. 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.
Multifunctional beds that convert into sofas for space-saving living.
Versatile beds for lounging and sleeping in compact spaces.
Comfortable seating options with practical designs for modern homes.
Stylish tables that complement multifunctional living areas.
Complementary items enhancing home functionality and style.
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Funding Insights of Innovation Living
Innovation Living has successfully raised a total of $2.52M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $2.22 million completed in September 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 2
- Last Round Private Equity Round — $2.2M
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First Round
First Round
(01 Jun 1998)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Private Equity Round - Innovation Living | Valuation |
investors |
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| Jun, 1998 | Amount | Private Equity Round - Innovation Living | Valuation | IFU |
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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 Innovation Living
Innovation Living has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include IFU. 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 equity investment firm
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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 Living
| 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 - Innovation Living
| 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 |
Innovation Living Comparisons
Competitors of Innovation Living
Innovation Living 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 La-Z-Boy, Cane-line, Boform, Tradepoint A/S and furnipart, 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 |
Home furniture is manufactured and retailed by La-Z-Boy.
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| domain | founded_year | HQ Location |
Manufacturer of home furniture
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| domain | founded_year | HQ Location |
Bespoke high-end kitchen and home furnishings are designed and manufactured.
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| domain | founded_year | HQ Location |
Furniture is purchased, sold, and delivered to industries globally.
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| domain | founded_year | HQ Location |
Kitchen and bathroom furniture is manufactured in Denmark since 1977.
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| domain | founded_year | HQ Location |
Creates and sells modern furniture with sustainable materials and timeless designs.
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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 Innovation Living
Frequently Asked Questions about Innovation Living
When was Innovation Living founded?
Innovation Living was founded in 1971 and raised its 1st funding round 27 years after it was founded.
Where is Innovation Living located?
Innovation Living is headquartered in Randers, Denmark.
Who is the current CEO of Innovation Living?
Flemming Hojfeldt is the current CEO of Innovation Living. They have also founded this company.
Is Innovation Living a funded company?
Innovation Living is a funded company, having raised a total of $2.52M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $297.61K, raised on Jun 01, 1998.
What does Innovation Living do?
Innovation Living was established in 1971 in Randers, Denmark, as a manufacturer in the home furniture sector. A range of products, including sofa beds, chairs, footstools, tables, lounges, and puffs, is produced. These items are sold exclusively through retail channels. Operations focus on design and production within the Danish market, with distribution handled by third-party retailers.
Who are the top competitors of Innovation Living?
Innovation Living's top competitors include La-Z-Boy, Tradepoint A/S and furnipart.
What products or services does Innovation Living offer?
Innovation Living offers Sofa Beds, Daybeds, Chairs and Ottomans, Coffee Tables, and Accessories.
Who are Innovation Living's investors?
Innovation Living has 1 investor. Key investors include IFU.
What is Innovation Living's valuation?
The valuation of Innovation Living is $40.82M as of Sep 2018.