Innoveo Raises $15M in Series A Funding


Innoveo, a Zurich Switzerland-based provider of enterprise no-code solutions, closed $15m Series A funding.

Paulson & Co. Inc., founded by John A. Paulson, and an affiliate fund of Michael E. Tennenbaum will join Everstone Capital, as well as domestic investments in India and Southeast Asia, and the management team as shareholders.

The company intends to use the funds to grow the sales team and marketing activity to expand upon strategic partnership opportunities, to further enhance product offerings by accelerating platform development and R&D.

Led by Amir Ghaffar, CEO, Innoveo is a global technology provider speeding up go-to-market strategies and accelerating digital transformation journeys with its no-code platform, called Innoveo Skye®.

From the insurance industry to financial services and real-estate, the company delivered more than 500 applications and processed 1+ billion dollars’ worth of transactions to corporations worldwide, such as Zurich Insurance, Allianz, Chubb, Rakbank, and Marriott.