Innovation - About the company
Innovation is an acquired company based in Fareham (United Kingdom), founded in 1996. It operates as a Provider of insurance claims processing services. Innovation has raised an undisclosed amount in funding. The company has 130 active competitors, including 41 funded and 3 that have exited. Its top competitors include companies like Bolttech, Akur8 Technologies and Zopper.
Company Details
- Website
- www.innovation.group/
- Social
- Email ID
- *****@innovation.group
- Registered Address
- Konviktská 291 11000 Praha
Key Metrics
Founded Year
1996
Location
Fareham, United Kingdom
Stage
Acquired
Latest Funding Round
Investors
Ranked
21st among 130 active competitors
Annual Revenue
£100M - £500M as on Dec 31, 2025
Employee Count
346 as on Jun 30, 2026
Exit Details
Acquired by Allianz X (Oct 10, 2022)
Legal entities associated with Innovation
Innovation is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
INNOVATE GROUP s. r. o. CIN: 03443591 , Czech Republic, Active | Sep 29, 2014 | - | - | |
INNOVATION GROUP HOLDINGS LIMITED CIN: 11838883 , United Kingdom, Active | Feb 20, 2019 | £100M - £500M (As on Dec 31, 2025) | - |
Innovation's acquisition details
Innovation got acquired by Allianz X on Oct 10, 2022.
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Innovation's funding and investors
Innovation has raised funding over 1 round. Its latest funding round was a PE round on Nov 01, 2015 for $*****. 1 investor participated in its latest round. Innovation has 4 institutional investors.
Here is the list of recent funding rounds of Innovation:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 01, 2015 | 1182245 | PE | 1231329 | 2753495 | 6566284 | 5742240 |
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Innovation's founders and board of directors
Founder? Claim ProfileInnovation's employee count trend
Innovation has 346 employees as of Jun 26. Here is Innovation's employee count trend over the years:
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Innovation's Competitors and alternates
Top competitors of Innovation include Bolttech, Akur8 Technologies and Zopper. Here is the list of Top 10 competitors of Innovation, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of digital infrastructure for embedding insurance into customer journeys | $640M | 73/100 | ||
2nd |  Akur8 Technologies 2018, Paris (France), Series C | Provider of pricing and reserving platform for the insurance industry | $180M | 68/100 | |
3rd | Provider of API-enabled insurance distribution and management solutions | $125M | 67/100 | ||
4th |  Bharatsure 2021, Mumbai (India), Seed | Provider of technology and infrastructure for employee benefits and embedded insurance | $3.25M | 66/100 | |
5th | Cover Genius 2014, New York City (United States), Series F | Provider of a software suite for the insurance industry | $355M | 65/100 | |
6th | Software suite for the insurance industry | $100M | 63/100 | ||
7th |  Sure 2013, San Diego (United States), Series C | Insurance as a service platform for insurance carriers and other businesses | $123M | 62/100 | |
8th | AI-based software suite for the insurance industry | $53M | 60/100 | ||
9th |  Boost 2017, New York City (United States), Series B | Provider of infrastructure for digital insurance programs, MGAs, and embedded insurance | $37M | 60/100 | |
10th |  Shepherd 2020, San Francisco (United States), Series B | Insurance software suite for businesses | $67M | 59/100 | |
21st |  Innovation 1996, Fareham (United Kingdom), Acquired | Provider of insurance claims processing services | - | 43/100 |
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Innovation's Investments and acquisitions
Innovation has acquired 3 companies including Emac, Driven Solutions and First Notice Systems. Innovation has not made any investments as of now.Here is the list of its acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Dec 03, 2014 | Acquisition | |||
Sep 24, 2014 | Acquisition | 1968 | Chesterfield (United States) | |
Nov 02, 2006 | Acquisition | 1993 | Boston (United States) |
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Reports related to Innovation
Here is the latest report on Innovation's sector:
News related to Innovation
Filter this list•
Immovation Group takes over the Hôtel des Châteaux in Azay-le-RideauCoStar•Feb 20, 2025•hoteldeschateaux.co.uk, Innovation
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Alpeggiani with Tig Events in the second closing for the acquisition of The Innovation GroupLegalcommunity•May 14, 2024•Tigevents, Innovation
•
Innovations Group launches new job search app to revolutionize job huntingZawya•May 02, 2023•Innovation
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UpHealth Sells Off Pharmacy Business to Double Down on Behavioral Health, Integrated CareBehavioral Health Business•Mar 03, 2023•Up-health.in, Innovation, Belmar Pharma Solutions
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Innovations Group bags the prestigious award by e& for the best outsourcing agencyuaenews247.com•Dec 05, 2022•Innovation
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eDriving and Innovation Group Win Technology Program Award at The Australian Road Safety Foundation's 11th Annual Australian Road Safety AwardsACN Newswire•Aug 16, 2022•eDriving, Innovation
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Aviva and Innovation Group join forces to deliver garden ‘DIY SOS’ makeover for Progress CareBdaily•Jul 29, 2022•Innovation, Aviva, Progress
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Innovation Group Partners With eDriving to Sell Mentor by eDriving to Australian and New Zealand Fleet MarketsNewswire•Feb 24, 2021•Innovation, eDriving
•
eDriving Partners with Innovation Group to Provide Digital Driver Risk Management Solutions in AustralasiaPRWeb•Feb 24, 2021•eDriving, Innovation
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