Innovaprep
Drexel, US · Founded 2018 · Delaware corporation
Find your way into Innovaprep
83 people in our graph share verified history with the Innovaprep team — schools, employers, funds. One of them is your warm intro.
Sean Ainsworthunlockedknows Kathleen Ruegsegger · together at Thermo Fisher Scientific (overlapped)
×11knows the team · via Thermo Fisher Scientific
Founders & leadership
Innovaprep was founded in 2018 by David S Alburty.
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David S AlburtyFounder
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Kathleen RuegseggerinExecutiveKathleen Ruegsegger is an operations and growth executive with experience scaling organizations in the life sciences, biotechnology, diagnostics, and medical device sectors. She has led global operations, manufacturing, supply chain, and quality initiatives across these industries.
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Andrew E PageNamed on SEC filing
Board
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Michael HeckmanBoard director
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Paul BertrandBoard director
Reported raises · per SEC filings
Form D private placements$3.8M disclosed across 4 rounds · 2018–2025
▶$100KraisedDec 2025 · 2 investors · BiotechnologyRule 506(b)
▶$100KraisedDec 2025 · 2 investors · Biotechnology
Rule 506(b)Officers, directors & promoters on the filing
- Michael HeckmanDirector
- David S AlburtyExecutive Officer, Director
- Paul BertrandDirector
- Kathleen RuegseggerExecutive Officer, Director
- Offering amount
- $1M
- Amount sold
- $100K
- Minimum investment
- $25K
- First sale
- Dec 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$1MraisedFeb 2022 · 3 investors · BiotechnologyRule 506(b)
▶$1MraisedFeb 2022 · 3 investors · Biotechnology
Rule 506(b)Officers, directors & promoters on the filing
- Michael HeckmanDirector
- David S AlburtyExecutive Officer, Director
- Paul BertrandDirector
- Kathleen RuegseggerExecutive Officer
- Carol A PranulisDirector
- Andrew E PageExecutive Officer, Director
- Offering amount
- $3M
- Amount sold
- $1M
- Minimum investment
- $50K
- First sale
- Feb 2022
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
▶$500KraisedMar 2020 · 1 investors · BiotechnologyRule 506(b)
▶$500KraisedMar 2020 · 1 investors · Biotechnology
Rule 506(b)Officers, directors & promoters on the filing
- David S AlburtyExecutive Officer, Director
- Andrew E PageExecutive Officer, Director
- Offering amount
- $750K
- Amount sold
- $500K
- Minimum investment
- $276.2K
- First sale
- Mar 2020
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
▶$2.1MraisedSep 2018 · 3 investors · BiotechnologyRule 506(b)
▶$2.1MraisedSep 2018 · 3 investors · Biotechnology
Rule 506(b)Officers, directors & promoters on the filing
- David S AlburtyExecutive Officer, Director
- Andrew E PageExecutive Officer, Director
- Offering amount
- $2.5M
- Amount sold
- $2.1M
- Minimum investment
- $110.2K
- Proceeds to insiders
- $272K
- First sale
- Sep 2018
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Non-dilutive funding · 9 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| National Oceanic and Atmospheric Administration (NOAA)National Oceanic and Atmospheric Administration | Phase II | 2019 | $399.9K |
| National Oceanic and Atmospheric Administration (NOAA)National Oceanic and Atmospheric Administration | Phase I | 2018 | $120K |
| NASA | Phase II | 2016 | $749.4K |
| NASA | Phase I | 2016 | $121.7K |
| NASA | Phase I | 2015 | $125K |
| Food and Drug Administration (FDA)Food and Drug Administration | Phase II | 2013 | $676K |
| Department of Homeland Security | Phase II | 2012 | $750K |
| Food and Drug Administration (FDA)Food and Drug Administration | Phase I | 2011 | $150K |
| Department of Homeland Security | Phase I | 2011 | $150K |
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.
Frequently asked questions
- Who founded Innovaprep?
- Innovaprep was founded by David S Alburty in 2018.
- How much funding has Innovaprep raised?
- Innovaprep has disclosed $3.8M raised across 4 rounds.
- Where is Innovaprep headquartered?
- Innovaprep is headquartered in Drexel, US.