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InnoCentive

Description

Provider of open innovation and crowdsourcing services to enable organizations to tackle their important business, scientific or technical problems. The company's service crowdsources ideas and solutions from outside or inside organizations. The company offers its Challenge Driven Innovation methodology, global network of problem solvers and purpose-built platform, as well as accompanying consulting, training and program management services.

2001

Founded

PRIVATE

Status

11-50

Employees

Series B2

Latest Deal Type

$10.2M

Latest Deal Amount

$27.2M

Total Amount Raised

Description

Provider of open innovation and crowdsourcing services to enable organizations to tackle their important business, scientific or technical problems. The company's service crowdsources ideas and solutions from outside or inside organizations. The company offers its Challenge Driven Innovation methodology, global network of problem solvers and purpose-built platform, as well as accompanying consulting, training and program management services.

Website:

www.innocentive.com

Ownership Status

Privately Held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Business/Productivity Software

Other Industries

Consulting Services (B2B)

Primary Office

265 Winter Street 2nd Floor Waltham, MA 02451United States +1 (978) 482-3300
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InnoCentive Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

InnoCentive Cap Table

Stock# of Shares
Authorized
Par ValueDividend Rate (%)Original
Issue Price
LiquidationLiquidation
Pref. Multiple
Conversion
Price
% Owned

InnoCentive Investors (5)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
Augment SecuritiesPE/BuyoutMinority000 0000000 0000
In-Q-TelVenture CapitalMinority000 0000000 0000
Lilly VenturesCorporate Venture CapitalMinority000 0000000 0000
Omidyar NetworkNot-For-Profit Venture CapitalMinority000 0000000 0000
SAPCorporationMinority000 0000000 0000
Augment Securities PE/Buyout
In-Q-Tel Venture Capital
Lilly Ventures Corporate Venture Capital
Omidyar Network Not-For-Profit Venture Capital
SAP Corporation

InnoCentive Executive Team (10)

NameTitleBoard
Seat
Contact
Info
Jen-Ling LiuChief Operating Officer
Graham BuchananDirector of Marketing
Alpheus Bingham Ph.DFounder & Board Member
Richard BarlettaSenior Vice President, Finance and Administration
Siobhán Gibney-GomisVice President, Business Development, Canada, Pacific Northwest & Global Nonprofits
Jen-Ling Liu Chief Operating Officer
Graham Buchanan Director of Marketing
Alpheus Bingham Ph.D Founder & Board Member
Richard Barletta Senior Vice President, Finance and Administration
Siobhán Gibney-Gomis Vice President, Business Development, Canada, Pacific Northwest & Global Nonprofits

InnoCentive Board Members (4)

NameRepresentingRoleSinceContact
Info
Alpheus Bingham Ph.DInnoCentiveFounder & Board Member000 0000
Amiel KornelAugment SecuritiesSenior Managing Director000 0000
Craig Jones JDSelfChief Executive Officer, President & Chairman000 0000
Herbert London Ph.DInnoCentiveBoard Member000 0000
Alpheus Bingham Ph.D Founder & Board Member InnoCentive
Amiel Kornel Senior Managing Director Augment Securities
Craig Jones JD Chief Executive Officer, President & Chairman Self
Herbert London Ph.D Board Member InnoCentive
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