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Innovance
company
About
Innovance is a 100% employee owned company (ESOP) and the holding company.
- 251 - 500
Details
- Last Funding Type
- Series B
- Last Funding Money Raised
- $88M
- Industries
- Manufacturing
- Founded date
- Jan 1, 1971
- Number Of Employee
- 251 - 500
- Operating Status
- Active
Innovance is a 100% employee owned company (ESOP) and the holding company for subsidiaries, Lou-Rich, Inc. (www.lou-rich.com) and Almco, Inc. (www.almco.com). Lou-Rich provides contract engineering and manufacturing services. Almco is a state-of-the-art manufacturer of industrial deburring, parts washing, and vibratory metal finishing equipment. For more information on Innvoance, Inc.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
2
$163M
Innovance has raised a total of
$163M
in funding over 2 rounds. Their latest funding was raised on
Feb 25, 2002 from a Series B round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Feb 25, 2002 | Series B | $88M | 2 |
Corning
|
— | Detail |
| Dec 5, 2000 | Series A | $75M | 2 | — | — | Detail |
Investors
Number of Lead Investors
Number of Investors
1
3
Innovance is funded by 3 investors.
Corning
and Kalkhoven, Pettit, and Levin Ventures
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Corning
|
Yes | Series B |
|
|
— | Series B |
Bank of America
|
— | Series A |
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