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Waltham, Massachusetts, United States
Developer of an online platform for crowdsourcing innovation problems. The company offers a cloud based enterprise innovation management platform for building collaborative internal innovation communities to harness the collective intelligence of employees and partners. It also provides challenge programs and innovation competitions for solving problems, building and developing innovation community and sourcing new ideas.
Last updated
In 2021, InnoCentive's revenue reached $3M. Since its launch in 2001, InnoCentive has shown consistent revenue growth.
InnoCentive reached a $8.9M valuation in 2025, set during its M&A Offer round.
InnoCentive has raised $30.3M in total funding across 4 rounds, with its most recent round in 2011.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2025 | M&A Offer | - | $8.9M | - | |
| 2011 | Funding round | $7.5M | - | - | |
| 2009 | Funding round | $7.3M |
CEO
A pioneer in crowdsourced innovation, InnoCentive is the world’s leading Open Innovation marketplace. We help innovative organizations accelerate R&D, innovation, data mining & forecasting and collaborative design outcomes with our OneSmartCrowd of 500,000 global Solvers.
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
InnoCentive serves 380K customers.
InnoCentive employs approximately 37 people as of 2026, including 2 sales reps that carry a quota. It serves 380K customers that rely on its solutions.
InnoCentive generates $3M in revenue.
InnoCentive was founded by Craig Jones.
The CEO of InnoCentive is Craig Jones.
InnoCentive raised $30.3M across 4 rounds.
InnoCentive has 37 employees.
InnoCentive is headquartered in Waltham, Massachusetts, United States.
InnoCentive operates across multiple industries. Browse revenue, funding, and growth data for InnoCentive in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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Valuation
$8.9M
2021 Revenue
$3M
Customers
380K
Funding
$30.3M
Avg ACV
$8
Team
37
Founded
2001
| Year | Milestone | Source |
|---|---|---|
| 2021 | InnoCentive Hit $3m revenue in April 2021 | |
| 2001 | Launched with $0 revenue |
| - |
| - |
| 2008 | Funding round | $6.5M | - | - |
| 2006 | Funding round | $9M | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2021 | Reached 37 employees (April 2021) |
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