InnoCentive - About the company
InnoCentive is an acquired company based in Waltham (United States), founded in 2001 by Alph Bingham. It operates as an Online freelancer marketplace platform for consultants. InnoCentive has raised $27.9M in funding from investors like Spencer Trask & Co, SAP and In-Q-Tel. The company has 90 active competitors, including 16 funded and 8 that have exited. Its top competitors include companies like Catalant, The Second Shift and COMATCH.
Company Details
Online freelancer marketplace platform for consultants. The platform enables an organization to issue a challenge to its user base, allowing participants to submit solutions to the problems, analyze the solutions, select the possible solutions, and receive an incentive.
- Website
- www.innocentive.com/
- Social
- Phone Number
- +1 **********
- Registered Address
- Methuen, Massachusetts
Key Metrics
Founded Year
2001
Location
Waltham, United States
Stage
Acquired
Total Funding
$27.9M in 4 rounds
Latest Funding Round
Investors
Ranked
1st among 90 active competitors
Employee Count
44 as on May 31, 2026
Investment & Acquisitions
Exit Details
Acquired by Wazoku (Jul 10, 2020)
Legal entities associated with InnoCentive
InnoCentive is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
INNOCENTIVE, INC. CIN: 203437526 , United States, Active | Dec 31, 1999 | - | 27 (As on Dec 31, 2019) | - |
InnoCentive's acquisition details
InnoCentive got acquired by Wazoku on Jul 10, 2020.
Click here to take a look at InnoCentive's acquisition in detail
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InnoCentive's funding and investors
InnoCentive has raised a total funding of $27.9M over 4 rounds. Its first funding round was on Feb 01, 2006. InnoCentive has 5 institutional investors.
Here is the list of recent funding rounds of InnoCentive:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 02, 2011 | 3108529 | Series B | 7599614 | 8175202 | 3470191 | 5420455 |
Aug 17, 2009 | 7305352 | Series B | 4635741 | 8628506 | 8625671 | 2883085 |
May 19, 2008 | 4804419 | Series B | 4934307 | 4146573 | 2067789 |
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InnoCentive's founders and board of directors
Founder? Claim ProfileThe founders of InnoCentive is Alph Bingham.
Here are the details of InnoCentive's key team members:
- Alph Bingham: Founder and Board of Director (CEO, 2005-7) of InnoCentive.
View details of InnoCentive's Founder profiles and Board Members
InnoCentive's employee count trend
InnoCentive has 44 employees as of May 26. Here is InnoCentive's employee count trend over the years:
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InnoCentive's Competitors and alternates
Top competitors of InnoCentive include Catalant, The Second Shift and COMATCH. Here is the list of Top 10 competitors of InnoCentive, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | InnoCentive 2001, Waltham (United States), Acquired | Online freelancer marketplace platform for consultants | $27.9M | 62/100 | |
2nd | Catalant 2013, Boston (United States), Series F | Online freelancer marketplace for expert consultants | $146M | 56/100 | |
3rd | The Second Shift 2014, New York City (United States), Acquired | Online marketplace for freelance consultants | $1.17M | 55/100 | |
4th | Online marketplace for expert consulting | $14.4M | 53/100 | ||
5th | _1528202355279.png?devicePixelRatio=2&height=30&width=30){kind=logo} Duco 2016, San Francisco (United States), Seed | Trust and safety solutions, AI safety, and policy expertise | $2.4M | 46/100 | |
6th | Askwonder 2012, New York City (United States), Seed | Online freelancer marketplace for expert consultants | - | 45/100 | |
7th | Provider of freelance consultants for strategy, finance, marketing, and operations | - | - | 43/100 | |
8th | Online platform to connect freelance business consultants and clients | $473K | 43/100 | ||
9th | Talmix 2009, London (United Kingdom), Series A | On-demand expert consultants hiring platform | $9.27M | 42/100 | |
10th | TerraForm Global 2014, Bethesda (United States), Public | Provider of a platform connecting businesses with freelance talent globally | $578M | - | 39/100 |
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InnoCentive's Investments and acquisitions
InnoCentive has acquired OmniCompete. InnoCentive has not made any investments as of now.Reports related to InnoCentive
Here is the latest report on InnoCentive's geography:
News related to InnoCentive
Media has covered InnoCentive for 1 event in last 1 year, It was about company updates.
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iAccelerate Innovation Network expands to Include Moscow and San FranciscoiAccelerate•May 27, 2020•iAccelerate, InnoCentive, GVA
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Wazoku partners with InnoCentive to create the world’s most powerful innovation platform and communityResponseSource•Feb 11, 2020•Wazoku, InnoCentive
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Polaris Partners Announces Hiring of Darren Carroll as Partner in BostonBusiness Wire•Jan 08, 2020•Polaris Partners, InnoCentive, Lilly
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Enel and InnoCentive sign agreement to meet sustainability goals set by the UNEnergydigital•May 16, 2018•Enel, InnoCentive
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