About InnoVein
InnoVein is a company based in San Carlos (United States) founded in 2015.. InnoVein has raised $13.41 million across 6 funding rounds from investors including National Science Foundation and Y Combinator. The company has 9 employees as of December 31, 2022. InnoVein operates in a competitive market with competitors including SPS Health, MDpanel, Segulah Medical Acceleration, Vyne Dental and HealthCare Appraisers, among others.
- Headquarter San Carlos, United States
- Employees 9 as on 31 Dec, 2022
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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
*********
- Legal Name Innovein, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.41 M (USD)
in 6 rounds
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Latest Funding Round
$2.55 M (USD), Seed
Feb 06, 2023
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Investors
National Science Foundation
& 1 more
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Employee Count
9
as on Dec 31, 2022
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Funding Insights of InnoVein
InnoVein has successfully raised a total of $13.41M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $2.55 million completed in February 2023. 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 6
- Last Round Seed — $2.5M
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First Round
First Round
(23 Mar 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Seed - InnoVein | Valuation |
investors |
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| Oct, 2019 | Amount | Grant - InnoVein | Valuation |
investors |
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| Oct, 2018 | Amount | Series A - InnoVein | 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 InnoVein
InnoVein has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include National Science Foundation and Y Combinator. 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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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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A government-backed foundation providing seed-stage investments to support small businesses.
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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 InnoVein
| 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 - InnoVein
| 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 |
Innovein Comparisons
Competitors of InnoVein
InnoVein 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 SPS Health, MDpanel, Segulah Medical Acceleration, Vyne Dental and HealthCare Appraisers, 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 |
Provider of pharmacy management solutions
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| domain | founded_year | HQ Location |
Provider of medical evaluations services
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| domain | founded_year | HQ Location |
Invests in medical devices, diagnostics, and healthtech for growth stages in Europe.
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| domain | founded_year | HQ Location |
Provider of solutions for dental practices to claims processing, attachments, and secure messaging
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| domain | founded_year | HQ Location |
Healthcare valuation, transaction advisory, and litigation support services are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about InnoVein
When was InnoVein founded?
InnoVein was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is InnoVein located?
InnoVein is headquartered in San Carlos, United States. It is registered at San Carlos, California, United States.
Who is the current CEO of InnoVein?
David Hovda is the current CEO of InnoVein.
Is InnoVein a funded company?
InnoVein is a funded company, having raised a total of $13.41M across 6 funding rounds to date. The company's 1st funding round was a Series A of $10.75M, raised on Mar 23, 2016.
How many employees does InnoVein have?
As of Dec 31, 2022, the latest employee count at InnoVein is 9.
What does InnoVein do?
InnoVein was founded in 2015 and is headquartered in San Carlos, United States. Focus is placed on the development of medical devices targeted at valve replacement procedures within the healthcare sector. Operations center on innovative solutions for cardiovascular treatments, with leadership provided by CEO David Hovda. The companys domain, innovein.com, supports its activities in advancing medical technology.
Who are the top competitors of InnoVein?
InnoVein's top competitors include Vyne Dental, MDpanel and Med-Eval.
Who are InnoVein's investors?
InnoVein has 2 investors. Key investors include National Science Foundation, and Y Combinator.