# Innovare

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

- Industry: Software
- Headquarters: Chicago, US
- Website: www.innovaresip.com
- Total disclosed funding: $5M
- Latest round: Seed (Apr 6, 2023)
- Investors on record: 9

## About

Innovare, based in the US, operates as a provider of educational data intelligence tools, offering a platform that transforms how education leaders access and utilize data for enhanced decision-making.Founded in 2017 in Chicago, US, Innovare specializes in educational technology, focusing on data intelligence solutions. The company was established by Fernando DeLeón and Nicholas Freeman. Innovare has successfully completed 2 funding deals, with its most recent being a Seed round on April 6, 2023, raising USD 2.000 mn from investors including Cleveland Avenue, Dux Capital, Portfolia Rising America Funds, and Tawani Ventures, bringing the total amount raised to USD 2.000 mn.Innovare's primary offering is the Inno™ intelligence platform, designed to centralize and optimize educational data from various EdTech tools. This platform enables education leaders to gain real-time, personalized insights into student performance, attendance trends, and academic progress. By aggregating data from multiple sources, Inno™ aids in identifying strengths and challenges within the student population, thereby facilitating tailored interventions that support student-centered learning. The platform serves a diverse client base across the United States, including principals, district administrators, and instructional teams, and features customizable dashboards and analytical tools that enhance collaboration among educational stakeholders.Innovare generates revenue through a subscription-based model for its Inno™ platform, allowing clients to access a suite of tools and services through annual contracts. This model enables educational institutions to benefit from continuous updates and customer support, while utilizing the platform to drive student success. The subscription structure facilitates predictable revenue streams as clients rely on these analytics and insights to inform their educational strategies, transforming raw data into actionable insights to support better educational outcomes for students.In April 2023, Innovare raised USD 2.000 mn in Seed funding to expand its cloud-based Inno platform's reach in educational leadership. The company aims to broaden its presence across major education markets in the US. The funding will support the further development of the platform and its analytic capabilities, enhancing its offerings for educational institutions.

## Funding rounds

- Seed, Apr 6, 2023, $2M — Dux Capital, Cleveland Avenue, Portfolia Rising America Funds, Tawani Ventures
- Seed, Aug 6, 2021, $3M — Gaingels, Portfolia, VamosVentures, Chingona Ventures, Propellant Ventures

## Investors

- Gaingels (https://capitalatlas.ai/funds/gaingels) — Seed
- Portfolia (https://capitalatlas.ai/funds/portfolia) — Seed
- VamosVentures (https://capitalatlas.ai/funds/vamosventures) — Seed
- Chingona Ventures (https://capitalatlas.ai/funds/chingona-ventures) — Seed
- Propellant Ventures (https://capitalatlas.ai/funds/propellant-ventures) — Seed
- Dux Capital — Seed
- Cleveland Avenue (https://capitalatlas.ai/funds/cleveland-avenue) — Seed
- Portfolia Rising America Funds — Seed
- Tawani Ventures (https://capitalatlas.ai/funds/tawani-ventures) — Seed