2024 Revenue
$4.1M
Funding
$25M
YOY
105.9%
Team
100
Founded
2014
How Innovu CEO Hugh O'Toole grew Innovu to $4.1M revenue with a 100 person team in 2024.
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.
Last updated
Innovu Revenue
In 2024, Innovu's revenue reached $4.1M. The company previously reported $2M in 2023. Since its launch in 2014, Innovu has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Innovu Hit $4.1m revenue in October 2024 | |
| 2023 | Innovu Hit $2m revenue in October 2023 | |
| 2021 | Innovu Hit $1.4m revenue in April 2021 | |
| 2014 | Launched with $0 revenue |
Innovu Valuation, Funding Rounds
Innovu has not publicly disclosed its valuation. The company has raised $25M in total funding to date.
Innovu has raised $25M in total funding across 5 rounds, with its most recent round in 2020.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2020 | Funding round | $4.6M | - | - | |
| 2018 | Funding round | $4.2M | - | - | |
| 2018 | Funding round | $2.8M | - | - | |
| 2017 | Funding round | $6.5M | - | - | |
| 2016 | Funding round | $6.9M | - | - |
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
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Innovu yet.
Innovu Employees & Team Size
Innovu employs approximately 100 people as of 2026, including 2 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2024 | Reached 100 employees (October 2024) |
| 2023 | Reached 100 employees (October 2023) |
| 2022 | Reached 97 employees (October 2022) |
| 2021 | Reached 84 employees (December 2021) |
| 2021 | Reached 70 employees (April 2021) |
Frequently Asked Questions about Innovu
What is Innovu's revenue?
Innovu generates $4.1M in revenue.
Who founded Innovu?
Innovu was founded by Hugh O'Toole.
Who is the CEO of Innovu?
The CEO of Innovu is Hugh O'Toole.
How much funding does Innovu have?
Innovu raised $25M.
How many employees does Innovu have?
Innovu has 100 employees.
Where is Innovu headquarters?
Innovu is headquartered in Pittsburgh, Pennsylvania, United States.
Compare Innovu to the industry
Innovu operates across multiple industries. Browse revenue, funding, and growth data for Innovu in each sector below.
Data and Sources
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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