# Ennoventure

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ennoventure

- Industry: Software
- Headquarters: Cambridge, US
- Website: www.ennoventure.com/
- Total disclosed funding: $9M
- Latest round: Series A (Oct 8, 2024)
- Investors on record: 2

## About

Ennoventure, Inc., based in the US, specializes in providing web hosting services that are efficient and reliable, tailored to meet diverse client needs from individual developers to large enterprises.Founded in 2018 in Cambridge, US, Ennoventure, Inc. focuses on web hosting solutions. The company has secured a total of USD 4.00 mn through its Series A funding round led by Tanglin Venture Partners, with participation from Fenice Investment Group. The latest funding round took place on 2024-10-08, and the company has completed a total of 3 deals to date. Aliff Umar, who serves as CEO, co-founded the company alongside Padmakumar N and Shalini Nair.Ennoventure, Inc. primarily offers a web hosting service powered by the Apache2 HTTP server, specifically designed for Ubuntu systems. This service is intended to provide reliable hosting solutions for a wide range of clients including individual developers, small businesses, and large enterprises. The hosting platform supports various web applications and programming languages, catering to users across North America, Europe, and Asia.The company generates revenue through subscription-based models, providing different tiers of web hosting services that vary in resource levels and support. This structure allows clients to select plans that suit their needs. Furthermore, partnerships with software developers enhance the service offerings, giving clients access to various tools directly through the hosting platform. Revenue is structured around monthly and annual billing cycles, with the flagship service expected to drive a significant portion of revenue by meeting market demands for web hosting solutions.In November 2024, Ennoventure, Inc. plans to utilize its recent funding of USD 4.00 mn from the Series A round to accelerate market expansion and enhance its technology platform. The company is targeting new products designed to meet evolving user needs, with specific release timelines to be announced. Additionally, Ennoventure aims to expand into new geographic markets, which will further support its growth strategy.

## Funding rounds

- Series A, Oct 8, 2024, $4M — Tanglin Venture Partners, Fenice Investment Group
- Series A, Jul 13, 2021, $5M — Fenice Investment Group

## Investors

- Fenice Investment Group (https://capitalatlas.ai/funds/fenice-investment-group) — Series A
- Tanglin Venture Partners (https://capitalatlas.ai/funds/tanglin-venture-partners) — Series A