Innovance Inc. logo — Innovation Drives Performance

Innovance Inc.

Innovation Drives Performance

Founded 2004 United States Albert Lea, United States 31 employees Series B Total: $183.00M Manufacturing

General Information

Company Name Innovance Inc.
Founded Year 2004
Location United States Albert Lea, United States +2
Employees 31
Industries Manufacturing
Funding Stage Series B
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About Innovance Inc.

Innovance Inc., founded in 2004, is a United States-based company that operates multiple manufacturing subsidiaries, namely ALMCO, Lou-Rich, Panels Plus, and Mass Finishing. The firm's slogan, "Innovation Drives Performance," encapsulates its commitment to delivering customized industrial solutions and its promise to enhance the value of its employee stock ownership plan (ESOP).

The last known investment in Innovance Inc. was an $88.00M Series B funding round completed on 01 February 2002. This round garnered financial backing from prominent firms including Azure Capital Partners, Advanced Technology Ventures, Morgenthaler Ventures, and others. Despite the lengthy period since this last investment, the company's focus on employee ownership and community involvement positions it as a differentiated player within the industrial manufacturing sector. For venture capitalists and investors seeking to engage with a mature firm with a proven track record, Innovance Inc. offers an attractive proposition anchored in innovation and sustainable growth.

Taxonomy: Employee-Owned, Industrial Manufacturing, Contract Engineering, Precision Machining, Metal Fabrication, Complex Manufacturing, Industrial Deburring, Parts Washing, Metal Finishing, Vibratory Metal Finishing Equipment, Assembly Solutions, Engineering Services, OEM Manufacturing, Medical Equipment Manufacturing, ESOP Value Growth

Services & Products

Manufacturing Solutions
Equipment and Machine Manufacturing
Contract Manufacturing
Panelized Construction Solutions
Filtration and Chip Processing Solutions

Target Customers

Middle-Market Manufacturing Companies Businesses Requiring Specialized Manufacturing Equipment Companies Looking for Custom Contract Manufacturing Services Industries Seeking Advanced Finishing Machines Construction Companies Using Panelized Systems

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series B •••••• 8
Investor Investor Investor Investor Investor Investor Investor
•••• ••••
01 Feb 2002
Series A •••••• 5
Investor Investor Investor Investor Investor
01 Dec 2000
Unknown •••••• 1
Investor
01 May 2000

Innovance Inc. Alternatives & Competitors

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Innovance Inc. vs

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Innovance Inc. vs
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Innovance Inc. vs
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Helping Build the Products that Help us All.

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FAQ About Innovance Inc.

Innovation Drives Performance
Innovance Inc. was founded in 2004.
Innovance Inc. is headquartered in Albert Lea, United States.
Innovance Inc. operates in the following industries: Manufacturing.
Innovance Inc. has approximately 31 employees.
Innovance Inc. has completed 3 funding rounds, raising a total of $183.00M. The latest funding stage is Series B.
Innovance Inc. offers: Manufacturing Solutions, Equipment and Machine Manufacturing, Contract Manufacturing, Panelized Construction Solutions, Filtration and Chip Processing Solutions.
Top alternatives and competitors to Innovance Inc. include Waters Industrial Supply, Inc., MetFin, Weco Manufacturing, ALMCO, Helical Lap & Manufacturing Company. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Innovance Inc. and Waters Industrial Supply, Inc. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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