About Innoveo
Innoveo is a company based in Zurich (Switzerland) founded in 2007 by Nick Stefania was acquired by Tinubu in April 2025.. Innoveo has raised $15 million across 1 funding round from investors including Tinubu, Servion and Everstone Capital. Innoveo offers products and services including Specialty A&H Underwriting, Excess & Surplus Underwriting, Cyber Underwriting, Specialty Lines Policy Administration, and Specialty Claims. Innoveo operates in a competitive market with competitors including Appian, Bubble, OutSystems, AppSheet and Crowdbotics, among others.
- Headquarter Zurich, Switzerland
- Founders Nick Stefania
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Sectors
Financial ServicesTechnology
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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 Innoveo Ag
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Products & Services of Innoveo
Innoveo offers a comprehensive portfolio of products and services, including Specialty A&H Underwriting, Excess & Surplus Underwriting, Cyber Underwriting, Specialty Lines Policy Administration, and Specialty Claims. 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.
Automates accident and health insurance underwriting workflows.
Manages excess and surplus lines for insurance risk assessment.
Handles cybersecurity insurance underwriting and risk evaluation.
Administers policies for specialty insurance lines efficiently.
Processes insurance claims with workflow automation tools.
Enables rapid development of insurance applications and workflows.
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Funding Insights of Innoveo
Innoveo has successfully raised a total of $15M through 1 strategic funding round. The most recent funding activity was a Series A round of $15 million completed in April 2021. 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 1
- Last Round Series A — $15.0M
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First Round
First Round
(20 Apr 2021)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2021 | Amount | Series A - Innoveo | Valuation | Everstone Capital , Paulson & Co |
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| 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 |
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Investors in Innoveo
Innoveo has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Tinubu, Servion and Everstone Capital. 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 investments in mid-market businesses linked to India and Southeast Asia.
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Limited information is provided about Paulson & Co., Inc.
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Cloud-based software solutions for credit insurers, surety bonds & trade finance
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Innoveo
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Innoveo
| 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 |
Innoveo Comparisons
Competitors of Innoveo
Innoveo 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 Appian, Bubble, OutSystems, AppSheet and Crowdbotics, 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 |
Cloud-based low-code platform enables application development and automation.
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Cloud-based no-code platform for web application development is utilized.
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Low-code platform enables application development and deployment without coding.
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Mobile apps are built automatically from spreadsheets without coding.
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Low-code platform is utilized for application development and scaling.
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AI-powered low-code platform for application development is provided.
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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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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Innoveo
Frequently Asked Questions about Innoveo
When was Innoveo founded?
Innoveo was founded in 2007 and raised its 1st funding round 14 years after it was founded.
Where is Innoveo located?
Innoveo is headquartered in Zurich, Switzerland.
Who is the current CEO of Innoveo?
Amir Ghaffar is the current CEO of Innoveo.
Is Innoveo a funded company?
Innoveo is a funded company, having raised a total of $15M across 1 funding round to date. The company's 1st funding round was a Series A of $15M, raised on Apr 20, 2021.
What does Innoveo do?
Innoveo was founded in 2007 and is based in Zurich, Switzerland. Operations focus on the insurance sector, where the Innoveo Skye platform is provided as a no-code tool. Insurers are enabled to build and market solutions for personal and commercial lines. Services include product bundling, underwriting, rating, and on-demand insurance options. The company is led by co-founder and COO Nick Stefania, alongside CEO and President Amir Ghaffar.
Who are the top competitors of Innoveo?
Innoveo's top competitors include Appian, Bubble and OutSystems.
What products or services does Innoveo offer?
Innoveo offers Specialty A&H Underwriting, Excess & Surplus Underwriting, Cyber Underwriting, Specialty Lines Policy Administration, and 2 more products and services.
Who are Innoveo's investors?
Innoveo has 5 investors. Key investors include Tinubu, Servion, Everstone Capital, Pactera, and Paulson & Co..
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