About InvoTech Systems
InvoTech Systems is a company based in Los Angeles (United States) founded in 1993 was acquired by HID Global in December 2021.. The company has 15 employees as of December 31, 2021. InvoTech Systems offers products and services including Uniform System, Linen System, and Laundry System. InvoTech Systems operates in a competitive market with competitors including Cents, CleanCloud, Washlava, Starchup and Hangzhou Penguin Technology, among others.
- Headquarter Los Angeles, United States
- Employees 15 as on 31 Dec, 2021
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Sectors
Technology
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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 Invotech Systems, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
15
as on Dec 31, 2021
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Acquired by
HID Global
(Dec 27, 2021)
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Products & Services of InvoTech Systems
InvoTech Systems offers a comprehensive portfolio of products and services, including Uniform System, Linen System, and Laundry System. 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.
Software for tracking and managing employee uniforms using RFID
System to monitor and control linen inventory in hospitality settings
Platform for automating laundry operations and reducing losses
Funding Insights of InvoTech Systems
| 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 |
Investors in InvoTech Systems
InvoTech Systems has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include HID Global. 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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Cloud-based physical identity and access management systems are developed.
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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 InvoTech Systems
| 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 - InvoTech Systems
| 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 |
Invotech Systems Comparisons
Competitors of InvoTech Systems
InvoTech Systems 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 Cents, CleanCloud, Washlava, Starchup and Hangzhou Penguin Technology, 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 |
A platform for managing laundry business operations is provided.
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| domain | founded_year | HQ Location |
Online ordering and POS software for laundry providers is supplied.
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| domain | founded_year | HQ Location |
Online platform offering diverse articles on various topics.
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| domain | founded_year | HQ Location |
Cloud-based SaaS solutions provider for laundry and dry cleaning businesses
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| domain | founded_year | HQ Location |
Self-service laundry services and IoT enabling systems are provided.
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| domain | founded_year | HQ Location |
Software and hardware solutions for laundry management are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Invotech Systems
Frequently Asked Questions about InvoTech Systems
When was InvoTech Systems founded?
InvoTech Systems was founded in 1993.
Where is InvoTech Systems located?
InvoTech Systems is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
How many employees does InvoTech Systems have?
As of Dec 31, 2021, the latest employee count at InvoTech Systems is 15.
What does InvoTech Systems do?
Business management software for laundry service providers. It offers inventory management, operations management, and more. Their products include InvoTech Uniform System (It offers an RFID technology that works by electronically reading RFID tags attached to the uniforms, allowing them to be automatically identified, counted, and tracked), InvoTech Linen System (it manages the linen inventory the lifecycle of individual linen item from purchasing through daily use to final discard) InvoTech Laundry System (it tracks manages laundry activity for customer-owned, rental uniforms linens).
Who are the top competitors of InvoTech Systems?
InvoTech Systems's top competitors include Cents, CleanCloud and WeWash.
What products or services does InvoTech Systems offer?
InvoTech Systems offers Uniform System, Linen System, and Laundry System.
Who are InvoTech Systems's investors?
InvoTech Systems has 1 investor. Key investors include HID Global.
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