About Innoveo
Innoveo is a Financial Services company based in Zurich (Switzerland) founded in 2007 by Nick Stefania, and was acquired by Tinubu in April 2025. A no-code platform is offered for insurance product development. It operates in the Financial Services and Technology sectors. Innoveo has raised $15 million across 1 funding round from investors including Tinubu, Servion and Everstone Capital. Its chief executive, as recorded, is Amir Ghaffar. Innoveo offers products and services including Specialty A&H Underwriting, Excess & Surplus Underwriting, Cyber Underwriting, Specialty Lines Policy Administration, and Specialty Claims. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Product Development. Its legal entity is Innoveo AG.
Company details
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.
- Headquarters Zurich, Switzerland
- Founders Nick Stefania
- Stage Acquired
- SectorsFinancial ServicesTechnology
- Email••••••••
- Website innoveo.com
- Social LinkedIn X Facebook
- Acquired by Tinubu (Apr 2025)
- Legal Name Innoveo Ag
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.
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.
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 $15M
- Total Rounds 1
- Last Round Series A — $15M
- First Round $15M
(Apr 2021)
- Investors Count 2
All 1 funding rounds of Innoveo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2021 | $15M | Series A | – | Everstone Capital, Paulson & Co | – |
5 investors in total: 5 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments in mid-market businesses linked to India and Southeast Asia. | 2006 | everstonecapital.com | Singapore, Singapore | |
Limited information is provided about Paulson & Co., Inc. | paulsonco.com | |||
Cloud-based software solutions for credit insurers, surety bonds & trade finance | 2000 | tinubu.com | Moulineaux, France | |
Provider of IT service suite solutions and digital marketing services | 1995 | pactera.com | Beijing, China | |
Platforms-led customer experience solutions are delivered across multiple channels. | 2004 | servion.com | Chennai, India |
Investor details for Innoveo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of Innoveo
37 people are tracked at Innoveo (16 in leadership, 3 in board & advisors, 18 in team).
| Name | Role | Group |
|---|---|---|
Nick Stefania | Co-Founder & COO | Leadership |
Amir Ghaffar | CEO & President | Leadership |
Bojan Kalan | Head Of Product Development | Leadership |
Joji Varghese | CISO & Head of Operations | Leadership |
Thiru Sivasubramanian | Chief Solutions Officer & Delivery Officer | Leadership |
Ganesh Murthy | CFO | Leadership |
Vinod Kachroo | CEO | Leadership |
Cornelia Oeschger | Chief Administration Officer | Leadership |
Paul OBrien | Global Head of Partnerships | Leadership |
Teresa T. | Director, Analytics And Data Strategy | Leadership |
Christian Fischer | CTO | Leadership |
András Szöllőssy | Head Of PMO And Shared Services | Leadership |
Rafael Bueno | Head Of Sales | Leadership |
Ajay Patil | Sr Director | Leadership |
Tarun Kumar Bisht | Director Strategic Alliances | Leadership |
Tahiré Edirisinghe | Director - Customer Success | Leadership |
Sandeep Singh | Board Member | Board & advisors |
Rob Mcginnis | Chairman | Board & advisors |
Al-Noor Ramji | Board Member | Board & advisors |
Manisha Bhargava | CRO | Team |
17 more people are available in the full profile.
Complete people profiles for Innoveo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Web traffic of Innoveo
The website of Innoveo (innoveo.com) receives about 2.5K visits a month.
- Monthly visits2.5K
▲ 7.8% vs previous month
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Frequently Asked Questions about Innoveo
Innoveo was founded in 2007 and raised its 1st funding round 14 years after it was founded.
Innoveo is headquartered in Zurich, Switzerland.
Amir Ghaffar is the CEO of Innoveo, as recorded in our data.
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 2021.
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.
Innoveo offers Specialty A&H Underwriting, Excess & Surplus Underwriting, Cyber Underwriting, Specialty Lines Policy Administration, and 2 more products and services.
Innoveo has 5 investors. Key investors include Tinubu, Servion, Everstone Capital, Pactera, and Paulson & Co.
Innoveo operates through Innoveo Ag.
Yes. Innoveo was acquired by Tinubu in April 2025.