Sopheon logo — Innovation management software and services.

Sopheon

Innovation management software and services.

Founded 1993 United States Minneapolis, United States 191 employees Acquired Total: $115.13M

General Information

Company Name Sopheon
Founded Year 1993
Location United States Minneapolis, United States
Employees 191
Funding Stage Acquired
Business Model B2B, SaaS, Platform
Revenue Model Subscription, Service Fee, Licensing
Social

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About Sopheon

Sopheon, founded in 1993 and headquartered in the United States, specializes in innovation management software and services. The company focuses on empowering organizations to enhance their innovation cycles, accelerating product introductions, and improving success rates.

With Sopheon's flagship offerings, Accolade® and Acclaim™, the company serves as a strategic ally to professionals in innovation, product, and project management. These tools enable companies to gain comprehensive insights into their innovation and product development processes, aiding in more informed decision-making. Additionally, their innovation management platform supports improved strategic control from concept to execution.

In its recent history, Sopheon received a significant acquisition investment of £114.90M as of 01 November 2023, with Wellspring Worldwide as a key investor. This investment underscores the confidence in Sopheon's capability to drive meaningful innovation and profitability for its clients, making it a compelling consideration for potential investors.

Taxonomy: Innovation Management Software, Product Lifecycle Management, InnovationOps, Strategy Execution, New Product Development, Project Portfolio Management, Idea Management, Roadmapping, Innovation Strategy, Strategic Portfolio Management, Cross-functional Collaboration, Enterprise Innovation Performance, Stage-Gate Certified, Process Management, Product Management

Services & Products

Innovation Management Solutions
IP Management and Renewals
Tech Scouting
Tech Transfer Solutions
Organizational Change Management Services
Office as a Service
Data and Operations Support

Target Customers

Research Institutions Industrial Corporations Defense and Aerospace Companies Chemical Manufacturing Firms Consumer Packaged Goods Enterprises Innovators and Researchers

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Acquisition £114.90M 1
Wellspring Worldwide
01 Nov 2023
Post-IPO Debt $130.00K -
01 Oct 2012
Post-IPO Debt $100.00K -
01 Oct 2009
IPO Undisclosed -
01 Sep 2000
IPO Undisclosed -
01 Aug 1998

Sopheon Alternatives & Competitors

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FAQ About Sopheon

Innovation management software and services.
Sopheon was founded in 1993.
Sopheon is headquartered in Minneapolis, United States.
Sopheon has a B2B, SaaS and Platform business model. Its revenue comes from Subscription, Service Fee and Licensing.
Sopheon has approximately 191 employees.
Sopheon has completed 5 funding rounds, raising a total of $115.13M. The latest funding stage is Acquired.
Sopheon offers: Innovation Management Solutions, IP Management and Renewals, Tech Scouting, Tech Transfer Solutions, Organizational Change Management Services, Office as a Service, Data and Operations Support.
Top alternatives and competitors to Sopheon include innoCentrum, Lucid Software, bizztracker | Strategic Portfolio Management, Shibumi, microTOOL GmbH. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Sopheon and innoCentrum 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.

Source: BounceWatch company record for Sopheon, https://bouncewatch.com/company/sopheon, updated 18 November 2025. When citing, please name BounceWatch and link this page.

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