Fundraising Fox
Innovu
Pittsburgh, US · Founded 2014 · Delaware corporation · 1 known investors
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Innovu provides a data analytics platform and tools for health plan sponsors and administrators to analyze claims data, track consumer behavior changes, and identify cost-saving opportunities in employee benefit programs.
Founders & leadership
MM
Michael MahoneyExecutive
HO
Hugh O'TooleChief Executive OfficerHugh O'Toole is CEO of Innovu, a data analytics platform for analyzing employee benefit claims and identifying cost-saving opportunities. Previously, he co-founded Viability AG (acquired by MassMutual in 2015) and worked as a partner at Professional Pensions, Inc., which was purchased by Principal Financial Group in 1999.
PB
Patrick B. StewartCo-Founder2014–2021Patrick B. Stewart is Executive Officer and Director at Innovu. He brings three decades of experience in strategic planning, marketing, sales, product development, operations, and financial management across Fortune 500 and entrepreneurial ventures, with background in business-to-business and government markets.
MB
Michael BauerExecutive
SP
Stephen Patrick KellyExecutive
DB
David BordoVice President & ControllerHe brings experience in financial management, accounting, treasury, and mergers and acquisitions.
Board
JL
Joseph LandyBoard director
JA
DC
David CoulterBoard director
BG
Brian GaffneyBoard director
JO
James O'NeillBoard director
Investors · 1
Adams Capital ManagementreportedPittsburgh · $1M – $5M
How we know: board seat on SEC Form D · funding news · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$66.1M disclosed across 21 rounds · 2015–2026
▶$411.7KraisedSep 2026 · 1 investors · Other TechnologyRule 506(b)
▶$411.7KraisedSep 2026 · 1 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Brian DinelloExecutive Officer
- Joel AdamsDirector
- Michael MahoneyExecutive Officer
- Hugh O'TooleExecutive Officer, Director
- Brian GaffneyDirector
- David CoulterDirector
- Joseph LandyDirector
- Offering amount
- $411.7K
- Amount sold
- $411.7K
- First sale
- Sep 2026
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$1.3MraisedDec 2025 · 6 investors · Other TechnologyRule 506(b)
▶$1.3MraisedDec 2025 · 6 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Joseph LandyDirector
- Michael MahoneyExecutive Officer
- Brian GaffneyDirector
- Joel AdamsDirector
- Hugh O'TooleExecutive Officer, Director
- David CoulterDirector
- Brian DinelloExecutive Officer
- Offering amount
- $4M
- Amount sold
- $1.3M
- First sale
- Dec 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$3MraisedFeb 2024 · 34 investors · Other TechnologyRule 506(b)
▶$3MraisedFeb 2024 · 34 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Michael MahoneyExecutive Officer
- David CoulterDirector
- Joel AdamsDirector
- Brian GaffneyDirector
- Brian DinelloExecutive Officer
- Joseph LandyDirector
- Hugh O'TooleExecutive Officer, Director
- Offering amount
- $3M
- Amount sold
- $3M
- First sale
- Feb 2024
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$6MraisedDec 2022 · 65 investors · Other TechnologyRule 506(b)
▶$6MraisedDec 2022 · 65 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Joseph LandyDirector
- Hugh O'TooleExecutive Officer, Director
- Joel AdamsDirector
- Brian GaffneyDirector
- Michael MahoneyExecutive Officer
- David CoulterDirector
- Brian DinelloExecutive Officer
- Offering amount
- $6.5M
- Amount sold
- $6M
- First sale
- Nov 2022
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$10MraisedMar 2022 · 37 investors · Other TechnologyRule 506(b)
▶$10MraisedMar 2022 · 37 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Joseph LandyDirector
- Michael MahoneyExecutive Officer
- Brian GaffneyDirector
- Brian DinelloExecutive Officer
- Hugh O'TooleExecutive Officer, Director
- David CoulterDirector
- Joel AdamsDirector
- Offering amount
- $10M
- Amount sold
- $10M
- First sale
- Feb 2022
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$3.9MraisedJun 2021 · 33 investors · Other TechnologyRule 506(b)
▶$3.9MraisedJun 2021 · 33 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Brian DinelloExecutive Officer
- David CoulterDirector
- Joel AdamsDirector
- Joseph LandyDirector
- Michael MahoneyExecutive Officer
- Hugh O'TooleExecutive Officer, Director
- Brian GaffneyDirector
- Offering amount
- $4.1M
- Amount sold
- $3.9M
- First sale
- Jun 2021
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
▶$4.6MraisedApr 2020 · 5 investors · Other TechnologyRule 506(b)
▶$4.6MraisedApr 2020 · 5 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- James O'NeillDirector
- Michael MahoneyExecutive Officer
- David CoulterDirector
- Brian DinelloExecutive Officer
- Hugh O'TooleExecutive Officer, Director
- Joel AdamsDirector
- Brian GaffneyDirector
- Offering amount
- $8M
- Amount sold
- $4.6M
- First sale
- Apr 2020
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
▶$4.6MraisedOct 2019 · 18 investors · Other TechnologyRule 506(b)
▶$4.6MraisedOct 2019 · 18 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Brian DinelloExecutive Officer
- Stephen Patrick KellyExecutive Officer
- James O'NeillDirector
- David CoulterDirector
- Brian GaffneyDirector
- Hugh O'TooleExecutive Officer, Director
- Michael MahoneyExecutive Officer
- Joel AdamsDirector
- Offering amount
- $6.1M
- Amount sold
- $4.6M
- First sale
- Oct 2019
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
2 people who came through Innovu went on to found or lead other companies.
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Companies working in the same space as Innovu.
In the news
Frequently asked questions
- What does Innovu do?
- Innovu provides a data analytics platform and tools for health plan sponsors and administrators to analyze claims data, track consumer behavior changes, and identify cost-saving opportunities in employee benefit programs.
- Who are Innovu's investors?
- Innovu's investors include Adams Capital Management.
- How much funding has Innovu raised?
- Innovu has disclosed $66.1M raised across 21 rounds.
- Where is Innovu headquartered?
- Innovu is headquartered in Pittsburgh, US.