When was InnoCentive founded?

InnoCentive was founded in 2001 and raised its 1st funding round 5 years after it was founded.

Where is InnoCentive located?

InnoCentive is headquartered in Waltham, United States. It is registered at Methuen, Massachusetts.

How many employees does InnoCentive have?

As of May 31, 2026, the latest employee count at InnoCentive is 44.

Is InnoCentive a funded company?

InnoCentive is a funded company, having raised a total of $27.9M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Feb 01, 2006.

When was the latest funding round of InnoCentive?

InnoCentive's latest funding was a $***** Series B round on Nov 02, 2011, with participation from 0 investor.

Where does InnoCentive rank among its competitors?

InnoCentive ranks 1st amongst 100 active competitors, of which 16 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was FlexC, which secured $473K in Mar, 2022.

Who are the top competitors of InnoCentive?

InnoCentive's top competitors include Catalant, COMATCH and The Second Shift. Among them, FlexC secured the most recent funding round in March, 2022.

InnoCentive - 2026 Company Profile, Funding & Competitors

InnoCentive is an acquired company based in Waltham (United States), founded in 2001. 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 100 active competitors, including 16 funded and 8 that have exited. Its top competitors include companies like Catalant, COMATCH and The Second Shift.

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

Series B, Nov 02, 2011, $*****

Investors

Spencer Trask & Co & 4 more

Ranked

1^st among 100 active competitors

Employee Count

44 as on May 31, 2026

Investment & Acquisitions

OmniCompete

Similar Companies

Catalant & 124 more

Exit Details

Acquired by Wazoku (Jul 10, 2020)

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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 got acquired by Wazoku on Jul 10, 2020.

Click here to take a look at InnoCentive's acquisition in detail

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:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 02, 2011	3530068	Series B	4017785	9121158	1893420	3340039
Aug 17, 2009	7310703	Series B	5899637	9552618	8950626	1432254
May 19, 2008	9762916	Series B	7139269	5233548	SAP & 2 more	7937795

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View details of InnoCentive's funding rounds and investors

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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Top competitors of InnoCentive include Catalant, COMATCH and The Second Shift. Here is the list of Top 10 competitors of InnoCentive, ranked by Tracxn score:

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	SAP, Lilly Ventures & 3 others	46/100
2nd	Catalant 2013, Boston (United States), Series F	Online freelancer marketplace for expert consultants	$146M	Goldfinch Partners, GE Ventures & 18 others	56/100
3rd	COMATCH 2014, Berlin (Germany), Acquired	Online marketplace for expert consulting	$14.4M	Atlantic Labs, b2venture & 8 others	53/100
4th	The Second Shift 2014, New York City (United States), Acquired	Online marketplace for freelance consultants	$1.17M	G9 Ventures, GingerBread Capital & 1 others	50/100
5th	IndusGuru 2016, Mumbai (India), Unfunded	Provider of freelance consultants for strategy, finance, marketing, and operations	-	-	43/100
6th	FlexC 2020, Gurugram (India), Seed	Online platform to connect freelance business consultants and clients	$473K	Fyne Hand, Mbib Solutions & 4 others	43/100
7th	Askwonder 2012, New York City (United States), Seed	Online freelancer marketplace for expert consultants	-	First Round Capital, Bullpen Capital & 10 others	42/100
8th	Talmix 2009, London (United Kingdom), Series A	On-demand expert consultants hiring platform	$9.27M	MMC Ventures, Mainspring Fund Services & 40 others	42/100
9th	Duco 2016, San Francisco (United States), Seed	Trust and safety solutions, AI safety, and policy expertise	$2.4M	Subversive Capital, NFX & 2 others	39/100
10th	TerraForm Global 2014, Bethesda (United States), Public	Provider of a platform connecting businesses with freelance talent globally	$578M	-	39/100