About Innovation Depot
Innovation Depot, an accelerator and incubator program founded in 1987, is based in Birmingham, United States. With a presence in 3 countries, it has supported around 117 startups in sectors like Enterprise Applications, Life Sciences. As of Aug 2026, Innovation Depot has witnessed 11 portfolio exits. Most notable companies in
its portfolio include Integrate, Croux and Pantheon. The program is backed by a team of 5 people who primarily support Seed startups based in United States. Its latest investment was a $50K Grant (prize money) round in ListList on Jan 18, 2022.
Key Metrics
Founded Year
1987
Location
Birmingham, United States
Sectors of Investment
Stages of Investment
Seed & Grant (prize money)
Locations of Investment
Innovation Depot's List of Top Investments
Innovation Depot has a portfolio of 117 companies. Their most notable investments are in Xcellent Life and Glow.Their portfolio spans across United States, Spain and United Kingdom. They have invested in Enterprise Applications, Life Sciences, Consumer and 28 other sectors, across stages such as Seed, Grant (prize money) stages. Here is the list of top investments by Innovation Depot:1. Integrate
Integrate is a marketing software and media services provider brands, agencies, and media partners. Its a SaaS-based platform allows marketing professionals to plan and execute strategies from one dashboard, providing control of investment and eliminating resource-draining manual tasks. Provides advanced analytics and data governance, closed-loop program analysis and optimization to deliver ROI. Clients include Dell, Docusign, HP, Sony, Symantec and eHarmony.
Key facts about Integrate
- Founded Year: 2010
- Location: Phoenix (United States)
- Stage: Acquired
- Total Funding till date: $60.6M
- Employee Count: 310 as on Jul 31, 2026
- Investors: Archer Venture Capital, Liberty Global and 14 Others
- Latest Funding Round: Series E, Dec 07, 2018, $*****
- Highlight: Acquired
2. Croux
On demand staffing platform for the hospitality sector. It connects candidates with companies. It allows users to browse shifts by pay, date, and time, for roles including event staff, general labor, brand ambassadors, soft security and access control, valets, parking attendants, ticketing, and more. It offers features such as finding talents, shift management, managing schedules, and more.
Key facts about Croux
- Founded Year: 2021
- Location: Birmingham (United States)
- Stage: Seed
- Total Funding till date: $3.5M
- Employee Count: 17 as on Jul 31, 2026
- Investors: Halogen Ventures, Innovation Depot and 1 Other
- Latest Funding Round: Seed, Mar 04, 2026, $*****
3. Pantheon
Provider of WebOps platform for website development, hosting, and governance. The platform offers tools for building, launching, and managing websites. It features integrated operations, workflow automation, and governance capabilities. The platform supports website creation, security, performance monitoring, and content publishing.
Key facts about Pantheon
- Founded Year: 2010
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $198M
- Employee Count: 441 as on Jul 31, 2026
- Investors: Floodgate, First Round Capital and 10 Others
- Latest Funding Round: Series E, Jul 13, 2021, $*****
Regenerative tissue innovations for advanced wound care and surgical solutions. We are dedicated to empowering healing through regenerative medicine. Our focus lies in delivering clinicians a comprehensive range of regenerative tissue innovations and essential services. We specialize in advanced wound care and surgical & sports medicine solutions. We are committed to elevating the standard of care by providing transformative solutions. Our offerings include products like PuraPly and Affinity, alongside patient and provider support programs. We focus on innovation and regenerative solutions. We provide resources and support to healthcare professionals, ensuring they have access to the most advanced regenerative solutions available. We are committed to corporate social responsibility, ethics, and quality systems.
Key facts about Organogenesis
- Founded Year: 1985
- Location: Canton (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $30M
- Employee Count: 866 as on Jul 31, 2026
- Investors: Spring St. Group, Eastward Capital Partners and 2 Others
- Latest Funding Round: Post IPO, Nov 12, 2024, $*****
- Highlight: Public
5. IN8Bio
Provider of immune based therapies for the treatment of cancer. The company offers its proprietary technology and develop genetically modified gamma-delta (γδ) T cells for targeting cold, low mutation cancers cell. It offers pipeline of drug candidates which include INB-200 for glioblastoma, INB-100 for leukemia, INB-400 for solid tumors, and others.
Key facts about IN8Bio
- Founded Year: 2020
- Location: New York City (United States)
- Stage: Public
- Total Funding till date: $39.8M
- Employee Count: 25 as on Jul 31, 2026
- Investors: Bios Partners and Innovation Depot
- Latest Funding Round: Post IPO, Dec 22, 2025, $*****
- Highlight: Public
Innovation Depot's Year-on-Year Investment Trends
Innovation Depot has invested in 117 companies over the last 8 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in ListList.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 7 | 0 | 7 |
2021 | 6 | 0 | 6 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
2018 | 2 | 0 | 2 |
Innovation Depot's Investments by Stage
Innovation Depot has made 9 investments in Seed stage with an average round size of $683K and 7 investments in Grant (prize money) stage with an average round size of $50K.Stage of entry | No. of Investments |
|---|---|
Seed | 9 |
Grant (prize money) | 7 |
Note: We have considered here, only first round of investments
Innovation Depot's Investments by Sector
Innovation Depot has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, HealthTech, Retail and Vertical SaaS. Notably, it has invested in 67 Tech companies, 51 Enterprise (B2B) companies, 36 Software companies and at least 31 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Consumer | 11 |
Enterprise Applications | 3 |
HealthTech | 3 |
Retail | 3 |
Vertical SaaS | 3 |
Others | 15 |
Note: We have considered here, only first round of investments
Innovation Depot's Investments by Geography
Innovation Depot has made most investments in United States (16).Innovation Depot's recent investments
Innovation Depot has not made any investment in 2026 so far.Here are the most recent investments by Innovation Depot:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 18, 2022 | United States | Grant (prize money) | 7378 | - | |
Jan 18, 2022 | United States | Grant (prize money) | 3457 | - | |
Jan 18, 2022 | United States | Grant (prize money) | 2116 | - | |
Jan 18, 2022 | United States | Grant (prize money) | 5630 | - | |
Jan 18, 2022 | United States | Grant (prize money) | 7154 | - |
IPOs and Publicly Listed companies in Innovation Depot's Portfolio
4 of Innovation Depot's portfolio companies have become public. Sngular got listed on the Madrid Stock Exchange (BME), in Dec 2021 and IN8Bio got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $188M.Here are Innovation Depot's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 03, 2021 | - | - | 2840 | |
Jul 30, 2021 | - | - | 9549 | |
Nov 09, 2018 | - | - | 7978 | |
- | - | - | 9374 |
Acquired companies in Innovation Depot's Portfolio
7 companies from Innovation Depot's portfolio have been acquired. The most recent acquisition was Women’s Imaging Associates in Feb 2022 by Vulcan Imaging for $*****.Here are Innovation Depot's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 01, 2022 | - | - | 2745 | |
Dec 20, 2021 | - | - | 8288 | |
Aug 02, 2021 | - | - | 9565 | |
Apr 20, 2021 | - | - | 7709 | |
Sep 03, 2020 | - | - | 3929 |
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Team profile of Innovation Depot
Innovation Depot has a team of 5 members including 3 Partners located in United States. Innovation Depot's team does not sit on the board of any company as of now.Here is a list of all team members in Innovation Depot:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Birmingham | - | ||
Partner | Birmingham | - | ||
Partner | Birmingham | - | - |
Co-investors of Innovation Depot
Over the past 8 years, 6 investors have co-invested in Innovation Depot's portfolio companies. This includes funds and angels.
- Invested before Innovation Depot: Alabama Launchpad and Techstars have invested in rounds before Innovation Depot. There are 2 companies where Alabama Launchpad has invested before Innovation Depot and 1 company where Techstars has invested before Innovation Depot.
- Invested after Innovation Depot: A total of 4 investors have invested in Innovation Depot's portfolio after their investments. Top Investors include TN3 (1 company) and Benson Capital Partners (1 company).
Recent News related to Innovation Depot
•
Birmingham startup raises $1 million in local seed roundThe Business Journals•Feb 09, 2018•Innovation Depot, XpertDox
