Fundraising Fox

COnovate

Wauwatosa, US · Founded 2020 · Delaware corporation · 1 known investors

Founders & leadership

COnovate was founded in 2020 by Carol Hirschmugl.

CHCarol Hirschmugl
Carol HirschmuglFounder
JM
Jeff MooreExecutive

Board

KM
Kiyomi MonroBoard director
CR
Craig RigbyBoard director

Investors · 1

Tundra AngelsWisconsin · $100K – $500K

Reported raises · per SEC filings

Form D private placements

$2.5M disclosed across 1 round · 2024

▶$2.5MraisedFeb 2025 · 18 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Kiyomi MonroDirector
  • Craig RigbyDirector
  • Jeff MooreExecutive Officer
  • Carol HirschmuglExecutive Officer, Director
Offering amount
$3M
Amount sold
$2.5M
First sale
Dec 2024
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 1

by search overlap
Integran Technologies Inc.6 shared keywordsIntegran develops electrodeposited nanocrystalline metal technologies under its "Nanovate" platform, offering protective coatings, structural hybrid components, electroformed alloys, and functional additive manufacturing. Its advanced materials solutions serve aerospace, defense, biomedical, and heavy industry customers through R&D, prototyping, small-volume production, and licensing.

Companies competing with COnovate for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 5 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
National Science FoundationPhase II2022$1M
Department of Agriculture (USDA)Phase I2022$181.5K
Department of EnergyPhase IISTTR2019$1M
National Science FoundationPhase I2019$225K
Department of EnergyPhase ISTTR2018$154.8K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

In the news

COnovate Secures Successful Seed Round, to Accelerate Completion of Key Commercialization and Development Milestonesconovateinc.com · Jan 2025In the Media: COnovate Receives Funding to Accelerate Production of Clean Energy Batteryconovateinc.com · Jan 2025COnovate Secures $1 Million in Federal Funding for Critical Materials Innovationconovateinc.com · Dec 2024COnovate secures financing to accelerate and scale - Center for Technology Commercializationwisconsinctc.org · Mar 2022COnovate: Power pioneers hit new milestones - mkestartup.newsmkestartup.news · Feb 2022OnLume of Madison raises $7 million; Milwaukee's COnovate raises first investment round - Milwaukee Business Journalbizjournals.com · May 2021

Frequently asked questions

Who founded COnovate?
COnovate was founded by Carol Hirschmugl in 2020.
Who are COnovate's investors?
COnovate's investors include Tundra Angels.
How much funding has COnovate raised?
COnovate has disclosed $2.5M raised across 1 round.
Where is COnovate headquartered?
COnovate is headquartered in Wauwatosa, US.