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
Kalkhoven, Pettit, and Levin Ventures Series B
Bank of America Series A