Innovu
Pittsburgh, Pennsylvania, United States
How Innovu hit $2M revenue with a 100 person team in 2023.
Developer of a health data management and analytics platform designed to uncover insights from disparate silos of benefit and risk data. The company's platform integrates and validates all data sources into a single secure cloud space to help users gain control of their data and generate a 360-degree view of their population, enabling clients to use the total rewards and risk data differently to manage and mitigate business and population risk easily.
2014
Founded
$2M
2023 Revenue
21.4%
YOY
$25M
Funding
Innovu Revenue
In 2023, Innovu revenue run rate hit $2M in revenue.
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2023
Innovu hit $2M in revenue in 2023
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2021
Innovu hit $1.4M in revenue in 2021
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2014
Innovu launched in 2014 with $0 revenue
Innovu Funding History
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2020
Innovu raised a of in April, 2020
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2018
Innovu raised a of in June, 2018
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2018
Innovu raised a of in February, 2018
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2017
Innovu raised a of in June, 2017
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2016
Innovu raised a of in May, 2016
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| April, 06 2020 | |||
| June, 20 2018 | |||
| February, 01 2018 | |||
| June, 30 2017 | |||
| May, 09 2016 |
Team
Innovu has 100 total employees and 2 sales reps that carry a quota. an engineering team of 11 and a marketing team of 1.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 100 |
| Engineer | 11 (11%) |
| Sales | 2 (2%) |
| Marketing | 1 (1%) |
Founder / CEO
Hugh O'Toole
The world of retirement services and benefits can be complicated. He focus on the alignment of financial wellness of an American Employee with the positive impact their wellness has on the financial statement of the employer. His first mission was to bring non-profit employers and their employees institutional investment product, versus the legacy insurance products historically sold to them. As a partner of Professional Pensions, Inc. (PPI), they accomplished this mission and the firm grew rapidly. Principal Financial Group purchased PPI in 1999. In 2014, he founded Viability AG LLC, to address the relationship between financially well employees and the impact on the employer’s financial statement, through mitigating the future liability from healthcare, risk protection/ management, productivity and engagement of their employees. In 2015, Viability was purchased by MassMutual, and he once again joined the MassMutual team as a Senior Vice President. As CEO of Innovu his current focus is on how to change the advisor/consultant practice models from their siloed focus on Health & Welfare, Retirement and Property & Casualty, to a practice model focused on holistic Human Capital Risk Management. Through leading capabilities in data aggregation, data science/analytics and behavioral finance, the industry can have a much greater impact with the convergence of data and benefit disciplines versus a myopic view. They help advisors identify through clean data specific interventions and preventative solutions to save employers money and help Americans. Outside of work he enjoy kayaking, hiking, playing golf and traveling with his family. He is very involved in their Church and community.
Q&A
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What's your age?
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Favorite online tool?
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Favorite book?
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Favorite CEO?
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Advice for 20 year old self
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Customers
Churn
Innovu Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Hugh O'Toole | CEO | - | - |
Innovu Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Hugh O'Toole | CEO | - | - |
Frequently Asked Questions about Innovu
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When was Innovu founded?
Innovu was founded in 2014.
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How much revenue does Innovu generate?
Innovu generates $2M in revenue.
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Who is the CEO of Innovu
The CEO of Innovu is Hugh O'Toole.
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How much funding does Innovu have?
Innovu raised $25M.
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How many employees does Innovu have?
Innovu has 100 employees.
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Where is Innovu headquarters?
Innovu is headquartered at Pittsburgh, Pennsylvania, United States
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