Innovex Uganda
Latest round
- Seed
Last raised
- Jan 2021
Total raised
- Undisclosed
Investors
- 1
About Innovex Uganda
Innovex Uganda Limited, founded in 2015 by David Tusubira, is headquartered in Kampala, Uganda. The company primarily develops technology solutions for enhancing operational efficiency, including a cloud-based platform for solar installations.Innovex is primarily engaged in developing advanced technological solutions aimed at promoting socio-economic transformation in Africa. The core product offerings include the REMOT IoT cloud-based platform, enabling organizations to efficiently operate and maintain solar and equipment installations. This platform serves a diverse clientele, including local businesses and international organizations, looking to enhance their operational efficiency and sustainability efforts. Furthermore, Innovex has established a local Surface Mount Technology (SMT) and plastic manufacturing facility, facilitating contract manufacturing services for both local and global customers.Innovex generates revenue through a combination of contract manufacturing and subscription-based services provided through its REMOT platform. The revenue structure includes partnerships with businesses that utilize the REMOT platform for managing their solar and equipment installations, which involves a tiered subscription model based on the scale of usage and specific features required. Additionally, Innovex's contract manufacturing services cater to both regional and international clients, enhancing its revenue stream through B2B transactions. While the pricing details for specific products and services are not disclosed, the company’s flagship offerings suggest a strategic focus on providing competitive and reliable technology solutions that meet the needs of its diverse customer base. The company is developing additional features for its REMOT platform and aims to launch these innovations within the next two years. Furthermore, Innovex is targeting expansion into new geographic regions in East and Southern Africa, specifically focusing on increasing its presence in the renewable energy sector.
Who invested in Innovex Uganda
1 investor across 1 round
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Funding rounds
Seed
Jan 19, 2021
Amount
Undisclosed
Investors
Questions about Innovex Uganda
Who invested in Innovex Uganda?
Innovex Uganda has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Innovex Uganda raised?
Innovex Uganda has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Innovex Uganda last raise money?
Innovex Uganda's most recent round on record is a Seed, in Jan 2021.
What does Innovex Uganda do?
Innovex Uganda Limited, founded in 2015 by David Tusubira, is headquartered in Kampala, Uganda.
Where is Innovex Uganda headquartered?
Innovex Uganda is headquartered in Kampala, Uganda.
Which VCs invest in companies like Innovex Uganda?
Among active investors with capital left to deploy, WestBridge Capital Partners, Ventures Platform, Persistent Energy Capital and Norrsken22 back renewable energy companies at Innovex Uganda's stage. Their profiles are linked below.
VCs backing renewable energy startups at Seed
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