About Inova Payroll
Inova Payroll is a company based in Nashville (United States) founded in 2011 was acquired by UKG in December 2025. Inova Payroll has raised $4.22 million across 1 funding round from investors including UKG, Nashville Capital Network and Chattanooga Renaissance Fund. Inova Payroll has completed 1 acquisition, including One Source Payroll. Inova Payroll offers products and services including Unified HCM Platform, Payroll Software, Benefits Administration, and Learning Management. Inova Payroll operates in a competitive market with competitors including Gusto, Justworks, Earnin, Paylocity and Payflow, among others.
- Headquarter Nashville, United States
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Inova Payroll, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$4.22 M (USD)
in 1 rounds
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Latest Funding Round
$4.22 M (USD), Series A
Jul 07, 2011
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Investors
UKG
& 3 more
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Employee Count
Not available
- Investments & Acquisitions
- Acquired by
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Products & Services of Inova Payroll
Inova Payroll offers a comprehensive portfolio of products and services, including Unified HCM Platform, Payroll Software, Benefits Administration, and Learning Management.
Integrated system for streamlining HR tasks and ensuring compliance.
Handles accurate payroll and tax filing for businesses.
Simplifies enrollment and management of employee benefits programs.
Tracks skills and supports employee development and performance.
People of Inova Payroll
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Funding Insights of Inova Payroll
Inova Payroll has successfully raised a total of $4.22M through 1 strategic funding round. The most recent funding activity was a Series A round of $4.22 million completed in July 2011. 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.
Investors in Inova Payroll
Inova Payroll has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include UKG, Nashville Capital Network and Chattanooga Renaissance Fund.
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Investments are facilitated for US-based companies by angel network members.
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Seed and early-stage VC investments are made in the US.
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Private equity firm focused on acquiring businesses in supply chain, logistics, fintech, and multiple sectors
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Investor details for Inova Payroll
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Investments & Acquisitions by Inova Payroll
Inova Payroll has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include One Source Payroll.
Investment portfolio details for Inova Payroll
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- Portfolio identities
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Payroll management services are provided to businesses nationwide.
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Complete acquisition details for Inova Payroll
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Financial Statements - Inova Payroll
Detailed financials for Inova Payroll
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Inova Payroll Comparisons
Peer comparison for Inova Payroll
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Competitors of Inova Payroll
Inova Payroll 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 Gusto, Justworks, Earnin, Paylocity and Payflow, among others.
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Cloud-based HR and payroll solutions are offered for small businesses.
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Benefits administration and payroll management are provided for businesses.
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Real-time access to earned wages is provided fee-free.
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Cloud-based payroll and HR solutions are provided for businesses.
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Payflow is recognized as a financial wellness application for employees.
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Cloud-based HR and payroll management solutions are offered.
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Detailed competitors of Inova Payroll
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Latest news on Inova Payroll
Complete news archive for Inova Payroll
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Frequently Asked Questions about Inova Payroll
Inova Payroll was founded in 2011.
Inova Payroll is headquartered in Nashville, United States. It is registered at Nashville, Tennessee, United States.
Inova Payroll is a funded company, having raised a total of $4.22M across 1 funding round to date.
Inova Payroll was founded in 2011 and is based in Nashville, United States. Services in the HR and payroll sector are provided to enterprises, encompassing payroll processing, tax filing, benefits administration, and compliance management. Operations focus on integrated solutions to support business HR functions, with a domain presence at inovapayroll.com.
Inova Payroll offers Unified HCM Platform, Payroll Software, Benefits Administration, and Learning Management.
Inova Payroll has made 1 acquisition, including One Source Payroll.
Inova Payroll has 4 investors. Key investors include UKG, Nashville Capital Network, Chattanooga Renaissance Fund, and Tritium Partners.