Innoveo announced raising $15 million Series A funding round

Switzerland United States Singapore 20 April 2021

Innoveo, a Zurich, Switzerland-based provider of enterprise no-code solutions, announced the completion of its $15 million Series A funding round.

The money was raised by Paulson & Co. Inc., founded by John A. Paulson, and an affiliate fund of Michael E. Tennenbaum, joined Everstone Capital and by the management team.

The proceeds will primarily be used to grow the sales team and marketing activity to expand upon strategic partnership opportunities. Funding will also be allocated to further enhance Innoveo's product offerings by accelerating platform development and R&D - extending capabilities to be a top contender within the highly competitive technology sphere. 

Innoveo was founded in 2011 and is led by CEO Amir Ghaffar. The company is a provider of go-to-market strategies and accelerating digital transformation journeys via its no-code platform, called Innoveo Skye. The company was acquired by iSource and Everstone Capital in 2018.

Total investments received (USD): 15M