About Planet Innovation
Planet Innovation is a company based in Box Hill (Australia) founded in 2009 by Stuart Elliott, Sam Lanyon, Troy O’Callaghan, and Eduardo Vom. It operates as a HealthTech, and Managed Services. Planet Innovation has raised $9.8 million across 1 funding round from investors including Perennial Partners, Australian Unity and SG Hiscock & Company. Planet Innovation offers products and services including Product Development, Contract Manufacturing, Digital Services, and Commercial Services.
- Headquarter Box Hill, Australia
- Founders Stuart Elliott, Sam Lanyon, Troy O’Callaghan, Eduardo Vom
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Planet Innovation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.8 M (USD)
in 1 rounds
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Latest Funding Round
$9.8 M (USD), Series A
Dec 01, 2020
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Investors
Perennial Partners
& 2 more
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Employee Count
Employee Count
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Products & Services of Planet Innovation
Planet Innovation offers a comprehensive portfolio of products and services, including Product Development, Contract Manufacturing, Digital Services, and Commercial Services. 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.
End-to-end product development for healthcare innovations is provided.
Manufacturing services for healthtech products are expertly delivered.
Digital solutions for connected healthcare products are developed.
Commercialization support for healthtech products is comprehensively offered.
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Funding Insights of Planet Innovation
Planet Innovation has successfully raised a total of $9.8M through 1 strategic funding round. The most recent funding activity was a Series A round of $9.8 million completed in December 2020. 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 — $9.8M
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First Round
First Round
(01 Dec 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Series A - Planet Innovation | Valuation | Perennial , SGH |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Planet Innovation
Planet Innovation has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Perennial Partners, Australian Unity and SG Hiscock & Company. 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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Diversified asset management services are provided in Australia.
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Founded Year | Domain | Location | |
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SG Hiscock & Company is recognized as a boutique investment manager in Australia, specializing in high-conviction strategies.
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Founded Year | Domain | Location | |
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Retail banking services are provided to Australian customers.
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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 Planet Innovation
| 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 - Planet Innovation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Planet Innovation Comparisons
Competitors of Planet Innovation
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Planet Innovation
When was Planet Innovation founded?
Planet Innovation was founded in 2009 and raised its 1st funding round 11 years after it was founded.
Where is Planet Innovation located?
Planet Innovation is headquartered in Box Hill, Australia. It is registered at Box Hill, Victoria, Australia.
Who is the current CEO of Planet Innovation?
Stuart Elliott is the current CEO of Planet Innovation. They have also founded this company.
Is Planet Innovation a funded company?
Planet Innovation is a funded company, having raised a total of $9.8M across 1 funding round to date. The company's 1st funding round was a Series A of $9.8M, raised on Dec 01, 2020.
What does Planet Innovation do?
Planet Innovation is involved in healthtech innovation and contract manufacturing. Services are provided across product development, digital solutions, and commercialization for the diagnostics, life sciences, and healthcare sectors. End-to-end support is offered to create connected healthcare products. Expertise is applied to design, engineering, and manufacturing processes. A focus is maintained on transforming healthcare through breakthrough products and successful businesses.
What products or services does Planet Innovation offer?
Planet Innovation offers Product Development, Contract Manufacturing, Digital Services, and Commercial Services.
Who are Planet Innovation's investors?
Planet Innovation has 3 investors. Key investors include Perennial Partners, Australian Unity, and SG Hiscock & Company.