About Innovation Incubator
Innovation Incubator, an accelerator and incubator program founded in 2014, is based in Golden, United States. With a presence in 5 countries, it has supported around 61 startups in sectors like High Tech, Food and Agriculture Tech. As of May 2026, Innovation Incubator has 1 unicorn under its belt and has witnessed 13 portfolio exits. Most notable companies in
its portfolio include PowerFlex, Span.IO and Turntide. The program is backed by a team of 2 people who primarily support Seed startups based in United States. Its latest investment was a $250K Grant (prize money) round in Verv on Sep 18, 2025.
Key Metrics
Founded Year
2014
Location
Golden, United States
Sectors of Investment
Stages of Investment
Seed & Grant (prize money)
Locations of Investment
Unicorn in Portfolio
Innovation Incubator's List of Top Investments
Innovation Incubator has a portfolio of 61 companies, one of which is a Unicorn. Their most notable investments are in Maalka and Adept Materials.Their portfolio spans across United States, Canada, India and 2 more locations. They have invested in High Tech, Food and Agriculture Tech, Real Estate and Construction Tech and 15 other sectors, across stages such as Seed, Grant (prize money) stages. Here is the list of top investments by Innovation Incubator:
1. PowerFlex
Key facts about PowerFlex
- Founded Year: 2017
- Location: San Diego (United States)
- Stage: Acquired
- Total Funding till date: $100M
- Employee Count: 254 as on Apr 30, 2026
- Investors: Manulife Investment Management, Innovation Incubator and 3 Others
- Latest Funding Round: Series A, Dec 13, 2022, $*****
- Highlight: Acquired
2. Span.IO
Provider of the smart panel for home energy management. It provides advanced levels of monitoring and intelligence that make electrifying easier. It offers hardware and software solutions for the operation and management of homes by integrating sensors, actuators, and logic in a single device. mobile application available in both iOS and android
Key facts about Span.IO
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Series C
- Total Funding till date: $419M
- Employee Count: 385 as on Apr 30, 2026
- Investors: Wellington, Amazon and 33 Others
- Latest Funding Round: Series C, Jan 15, 2026, $*****
- Highlight: Editors' Pick
3. Turntide
Provider of smart energy management solutions. It leverages computing and software control solutions with switched reluctance motor technology for space conditioning and refrigeration energy costs and has the capability to use energy only when it is needed. It also uses programmable IoT controls that facilitate maintenance savings and provides integration with existing building systems.
Key facts about Turntide
- Founded Year: 2013
- Location: Sunnyvale (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $535M
- Employee Count: 204 as on Apr 30, 2026
- Investors: BMW i Ventures, MDB4L Capital and 27 Others
- Latest Funding Round: Series D, Jun 15, 2022, $*****
- Highlight: Editors' Pick
4. Whisker Labs
Provider of sensor hardware and software infrastructure. The platform enables energy data to be collected and consumed through its solutions. The solutions are provided for homeowners. It provides home intelligence technologies that detect and alert homeowners to electrical fire hazards across the home.
Key facts about Whisker Labs
- Founded Year: 2014
- Location: Oakland (United States)
- Stage: Acquired
- Total Funding till date: $6.86M
- Employee Count: 43 as on Dec 31, 2022
- Investors: Elemental, Polaris Partners and 6 Others
- Latest Funding Round: Series C, Apr 29, 2026, $*****
- Highlight: Acquired
5. TerViva
Provider of plant-based food ingredients. It integrates pongamia seeds and processed into vegetable oil. The remaining protein seed cake is used as fuels, chemicals, and animal feed.
Key facts about TerViva
- Founded Year: 2010
- Location: Alameda (United States)
- Stage: Series E
- Total Funding till date: $98.9M
- Employee Count: 101 as on Apr 30, 2026
- Investors: Trustbridge Partners, Elemental and 24 Others
- Latest Funding Round: Series E, Jan 10, 2025, $*****
- Highlight: Editors' Pick
Innovation Incubator's Year-on-Year Investment Trends
Innovation Incubator has invested in 61 companies over the last 11 years, with an average of 0 new investment annually in the last 10 years. In 2025, it made 1 investment. Its most recent first time investment was in Verv.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 1 | 0 | 1 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 2 | 0 | 2 |
2018 | 1 | 0 | 1 |
Innovation Incubator's Investments by Stage
Innovation Incubator has made 4 investments in Seed stage with an average round size of $250K and 1 investment in Grant (prize money) stage with an average round size of $250K.Stage of entry | No. of Investments |
|---|---|
Seed | 4 |
Grant (prize money) | 1 |
Note: We have considered here, only first round of investments
Innovation Incubator's Investments by Sector
Innovation Incubator has a diverse portfolio, with companies operating in the Sustainability Tech, Energy Tech, Environment Tech, High Tech and Real Estate and Construction Tech. Notably, it has invested in 52 Enterprise (B2B) companies, 51 Tech companies, 25 Tech hardware companies and at least 17 companies focusing on Software.Sector | No. of Investments |
|---|---|
Sustainability Tech | 5 |
Energy Tech | 3 |
Environment Tech | 3 |
High Tech | 3 |
Real Estate and Construction Tech | 3 |
Others | 6 |
Note: We have considered here, only first round of investments
Innovation Incubator's Investments by Geography
Innovation Incubator has made most investments in United States (4), followed by United Kingdom where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 4 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
Innovation Incubator's recent investments
Innovation Incubator has not made any investment in 2026 so far.Here are the most recent investments by Innovation Incubator:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 18, 2025 | United Kingdom | Grant (prize money) | 5971 | - | |
Oct 24, 2019 | United States | Seed | 4637 | - | |
May 13, 2019 | United States | Seed | 4573 | - | |
Apr 2018 | United States | Seed | 3104 | - | |
Aug 18, 2015 | United States | Seed | 4898 | - |
Unicorns in Innovation Incubator's Portfolio
Innovation Incubator has 1 unicorn in its portfolio - Turntide. The most recent unicorn in their portfolio is Turntide which became a unicorn in 2022, 3 years before Innovation Incubator first invested in it.Here is a list of unicorns in Innovation Incubator's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
71 | Provider of smart energy management solutions | 2013 | Sunnyvale | Series D | jrfsczm |
IPOs and Publicly Listed companies in Innovation Incubator's Portfolio
2 of Innovation Incubator's portfolio companies have become public. Cytophage got listed on the Toronto Stock Exchange - Venture Exchange (TSX-V), in Feb 2024 at marketcap of undefined and ESS got listed on the New York Stock Exchange (NYSE).Here are Innovation Incubator's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 09, 2024 | - | - | 6371 | |
Oct 11, 2021 | - | - | 8443 |
Acquired companies in Innovation Incubator's Portfolio
11 companies from Innovation Incubator's portfolio have been acquired. The most recent acquisition was Shifted Energy in Oct 2025 by Resource Innovations for $*****.Here are Innovation Incubator's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 09, 2025 | - | - | 6874 | |
Dec 07, 2023 | - | - | 4230 | |
Apr 04, 2023 | - | - | 1062 | |
Aug 01, 2022 | - | - | 9747 | |
Nov 23, 2020 | - | - | 7694 |
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Team profile of Innovation Incubator
Innovation Incubator has a team of 2 members located in United States. Innovation Incubator's team does not sit on the board of any company as of now.Co-investors of Innovation Incubator
Over the past 11 years, 40 investors have co-invested in Innovation Incubator's portfolio companies. This includes funds and angels.
- Invested before Innovation Incubator: Ignite Social Enterprise, Crowdcube and 28 others have invested in rounds before Innovation Incubator. There is 1 company where Ignite Social Enterprise has invested before Innovation Incubator and 1 company where Crowdcube has invested before Innovation Incubator.
- Invested after Innovation Incubator: A total of 10 investors have invested in Innovation Incubator's portfolio after their investments. Top Investors include National Science Foundation (2 companies) and State Farm (1 company).
Recent News related to Innovation Incubator
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Wells Fargo Innovation Incubator selects 5 tech startups focused on sustainable food productionTechStartups.com•May 13, 2019•Innovation Incubator
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Wells Fargo Innovation Incubator completes project with J2 InnovationsInnovatioNews•Feb 07, 2019•Innovation Incubator
