About Innovex
Innovex is a company based in Kampala (Uganda) founded in 2015. It operates as a SaaS (Software-as-a-Service), and Product-as-a-Service. Innovex offers products and services including REMOT Solution, Electronics Manufacturing, Engineering Services, and Climate-Smart Technologies. Innovex operates in a competitive market with competitors including Trilliant, GridPoint, GeoDigital, Neara and envelio, among others.
- Headquarter Kampala, Uganda
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Energy & UtilitiesTechnology
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Products & Services of Innovex
Innovex offers a comprehensive portfolio of products and services, including REMOT Solution, Electronics Manufacturing, Engineering Services, and Climate-Smart Technologies. 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 IoT platform for managing solar equipment installations.
Contract manufacturing for local and global electronics clients.
Hardware and software product development for organizations.
Technologies supporting off-grid communities with solar solutions.
Funding Insights of Innovex
- 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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| Jan, 2021 | Amount | Seed - Innovex | Valuation | Gaia Impact |
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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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Innovex
Innovex has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Gaia Impact. 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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Gaia Impact is focused on impact investments in renewable energy.
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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 Innovex
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 - Innovex
| 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 |
Innovex Comparisons
Competitors of Innovex
Innovex 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 Trilliant, GridPoint, GeoDigital, Neara and envelio, 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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Provider of communication systems and software platforms for smart grid applications
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Provider of data-driven energy management solutions
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Provider of 3D data of remote sensor, and spatial intelligence technologies
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Digital twin solutions for power transmission are developed for utilities.
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AI-driven grid management software solutions are provided for energy operations.
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Solutions for portfolio and project management are 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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Innovex
Frequently Asked Questions about Innovex
When was Innovex founded?
Innovex was founded in 2015 and raised its 1st funding round 6 years after it was founded.
Where is Innovex located?
Innovex is headquartered in Kampala, Uganda.
What does Innovex do?
Innovex, founded in 2015, is engaged in creating novel technologies to drive Africas social-economic transformation. The company specializes in embedded systems, connected devices, web and software development, and wireless communication technologies. Solutions like the REMOT IoT platform are provided to manage solar and equipment installations. Additionally, contract manufacturing for electronics and engineering services for product development are offered. Innovex also supports off-grid communities through climate-smart technologies, particularly in the renewable energy sector with solar-powered solutions for schools, hospitals, and agriculture.
Who are the top competitors of Innovex?
Innovex's top competitors include GeoDigital, Neara and envelio.
What products or services does Innovex offer?
Innovex offers REMOT Solution, Electronics Manufacturing, Engineering Services, and Climate-Smart Technologies.
Who are Innovex's investors?
Innovex has 1 investor. Key investors include Gaia Impact.
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