/Investor DB

Innovation Depot

Accelerator

Birmingham · Pre-Seed–Seed · 27 people tracked

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Investment thesis

Innovation Depot operates as a founder-first environment in Birmingham designed to help startups move from idea to revenue. It provides tiered memberships (community, coworking, and incubation with offices from 200 to 3,000 sq ft), structured programs such as Voltage (a 5-week idea-stage validation and prototyping program) and Boost (for startups with an MVP, offering customized growth plans and dedicated workspace), plus amenities, events, and capital pathways. The focus is on giving serious builders accountability, expert guidance, hands-on workshops, and a collaborative community to gain traction and scale their businesses locally.

Invests inPropTechSector AgnosticBirminghamUnited States

Source: firm website, verified Oct 2, 2026.

Stage
Pre-Seed–Seed
HQ
Birmingham, US
Founded
1987
Portfolio companies
112

Team · 27 people

from the firm's website
Bebe Goodrich· President, Interior Installations
Brian Edwards· SVP, Health Services, BCBS
Chris Brown· Vice President for Research, UAB
Coreata Houser· Senior Deputy Director, City of Birmingham
Courtney Spivey· Events & Operations Specialistin
Dan Massey· Chief Enterprise Operations & Technology Officer, Regions
David Knight· Owner, Bandwagon / Assistant VP Events & Strategies, Samford University
Deon Gordon· President, TechBirmingham
Gene Price· Chair; Burr & Forman
Hanny Akl· Transaction Advisory Services Lead, Warren Averett, LLC
James Childs· Partner, Maynard Cooper & Gale
Jonathan Geisen· Shareholder, Baker Donelson
Josh Girvin· CEO, O3 Solutions
Kathy Nugent· Senior Associate VP & Chief Biotechnology and Innovation Officer, UAB
Lee Smith· EVP & Alabama Chairman, SmartBank
Maggie Belshe· Owner, Squiggle Studio
Maggie Wiginton· Director of Strategic Operationsin
Miller Girvin· President, EDPA
Nathan Bouknight· Managing Director, Ascend Industries
Ray Watts· President, UAB
Shaun Vick· Director of Facilities & Engineeringin
Sri Karra· Chief Information Officer, Jefferson County
Tiffany Wilder Davis· Director of Innovation Development, Alabama Power
Waymond Jackson· President, Ed Farm

What they invest in

from 90 of 112 portfolio companies

SaaS ×29AI & Machine Learning ×26Healthtech ×16Enterprise Software ×14Fintech ×12Biotech ×11Consumer ×11Digital Health ×9

HQs:United States×46Germany×1

Who they back

founder profiles across 18 portfolio companies
50%
solo founders
9 of 18 mapped founding teams
47%
repeat founders
of 15 founders with career history
~2 yrs
old at investment
median across 9 dated deals

Founding team size:solo founder×92 founders×53 founders×14+ founders×3

What their founders studiedfrom 12 founders with field-of-study data

Business & Management ×2Computer Science ×2Economics ×2Finance & Accounting ×2Law ×2

Where their founders worked beforefrom 15 founders with career history

AO Ventures (Tennis Australia's venture capital fund) ×2Sensys Networks ×2

Accelerator rootsportfolio companies that came through a program

Techstars ×11

Portfolio companies · 112 tracked

alumni founders can tell you what the program is really like

By year:2025 · 12024 · 22023 · 12022 · 22021 · 12020 · 12018 · 19 dated

Abel Healthcare Enterprises, Inc.vitalengine.com

VitalEngine provides a platform that links hospitals with their referring providers and integrates with EMR, PACS/DICOM imaging, and scheduling systems to share images, messages, and cases in real time.

Digital HealthHealthtechSaaS

Accelerate Windacceleratewind.comin

Accelerate Wind develops edge-of-roof wind turbine technology for commercial and industrial customers globally, enabling local energy generation by harnessing wind channeled by building structures.

Advanced ManufacturingCleantechClimate TechEnergyHardwareSt. Louis, US

Erika Boeing(Founder & CEO)inSophie Schaffer(Chief Operating Officer)inCharlie Walch(Chief Financial Officer)in

Co-investorsCreative Destruction Lab (CDL)Halogen Ventures Management Company LlcTechstarsThird DerivativeInvested Development

AI Metrics Inc.aimetrics.com

AI Metrics builds AI-enabled radiology software that assists radiologists in reading and reporting on cancer imaging, reducing read times and generating automated patient reports.

AI & Machine LearningBiotechHealthtechMedical DevicesBirmingham, US

Matthew Lyons(Executive Officer, Director)Robert J. Jacobus, Jr.(COO)Andrew Smith(Co-founder)

BoardHolman Head(Director)Brian Allen(Director)

Alabama SBDC Networkasbdc.org

The Alabama Small Business Development Center (ASBDC) is a statewide, inter-institutional network offering management and technical assistance to small businesses across all 67 counties in Alabama.

GovTechImpact & Social Good

Amizona Scientificamizonasci.com

Amizona Scientific sells laboratory equipment and consumables, including centrifuges, homogenizers, rockers, rotators, pipettors, and filtration sets, for research and lab use.

BiotechE-commerceHardware

Analytical AIanalyticalai.cominNov 2022

Analytical AI develops artificial intelligence and machine learning solutions, including computer vision and threat detection systems, for U.S. federal agencies such as the Department of Homeland Security and the Department of Defense.

AI & Machine LearningDefense TechGovTechBirmingham, US

Thomas Anthony(Co-Founder & CIO)inMark Froehlich(Co-Founder & CEO)inFrank Skidmore(Co-Founder & Special Advisor)inCecil Bostany(Director)Kelly Hoggan(Director)inMark A Froelich(Executive Officer, Director)

APEX Accelerator Alabamaua.edu

The University of Alabama is a Carnegie R1 public research university offering over 200 undergraduate, graduate, doctoral, and certificate programs across 12 colleges and schools, including online formats.

EdTech

Argis Labsargislabs.com

Argis Labs runs an infrastructure intelligence platform that collects field data (via drones, LiDAR, and field crews), builds digital twins of physical assets, assesses them against applicable engineering standards, and delivers finished engineering-ready reports.

AI & Machine LearningConstruction TechRobotics

Athletesathletes.orgin𝕏

Athletes.org is a players association for college athletes that educates, organizes, and represents members by negotiating the terms of their collegiate athletic experience.

Sports Tech

Jim Cavale(Founder)in

Co-investorsJDS SportsPhoenix Capital Ventures

Better Kombuchabetterkombucha.com

Better Kombucha handcrafts organic, live-culture fermented kombucha tea in a range of year-round and seasonal fruit, herb, and spice flavors.

ConsumerDirect to ConsumerFoodTechBirmingham, US

BioGXbiogx.com

BioGX is a manufacturer of molecular diagnostic tests.

BiotechHealthtechMedical DevicesBirmingham, US

Birdstopbirdstop.ioin𝕏

Birdstop manufactures drone technology for government and industrial clients.

AI & Machine LearningDefense TechHardwareIoTRoboticsSan Francisco, US

Keith Miao(Founder and CEO)Bill Liu(Founder)

BoardAndrea Hippeau(Director)in

Co-investors640 OxfordAlumni VenturesAnorak VenturesBascom VenturesCorrelation VenturesData Tech+6 more

Birmingham AIbirminghamai.org

Birmingham AI is a grassroots community in Birmingham, Alabama that holds monthly meetups and industry breakout sessions to help people learn and apply AI.

AI & Machine LearningBirmingham, US

Birmingham Business Resource Centermybbrc.biz

BBRC is a small business resource center offering services such as workshops, access to capital, one-on-one counseling, business plan reviews, and vendor supplier development.

Impact & Social GoodBirmingham

Birmingham Promisebirminghampromise.org

The Birmingham Promise provides up to four years of college tuition assistance and coaching for graduates of Birmingham City Schools attending public two- and four-year institutions in Alabama.

EdTechImpact & Social GoodBirmingham, US

Broadband Insightsbroadbandinsights.net

Broadband Insights provides AI consulting and software for broadband and fiber network providers, helping them integrate AI agents into their existing operational systems.

AI & Machine LearningEnterprise SoftwareSaaS

Caravanthecaravan.ai

Caravan provides hands-on AI training for companies and individuals, teaching teams and professionals to build working AI automations and agents around their specific roles, data, and workflows.

AI & Machine LearningEdTechFuture of WorkBirmingham, US

Cerebro NeuroTechcerebroneurotech.comin

Cerebro develops an AI-based clinical decision-support system for structured signal capture and pattern detection in brain and metabolic health, currently in experimental research phase for evaluation by clinical sites and research partners.

AI & Machine LearningDigital HealthHealthtechMedical DevicesDover, US

Co-investorsTechstars

Champ Creativechampcreativeco.com

Champ Creative is a creative and marketing agency that develops strategic vision, campaigns, and video storytelling for sports and event clients, including Major League Baseball's Rickwood Field game, UAB Athletics, and the Birmingham Bowl.

Marketing TechMedia & EntertainmentSports TechBirmingham, US

Chonexchonex.agin

CHONEX develops insect-derived biological products that enhance soil health, plant nutrition, and crop resilience to address challenges including salinity, drought, heat, and nutrient deficiency.

AgTechBiotechCircular EconomyClimate TechNew Materials

Michael Lynch(Founder)in

Co-investorsBonaventure Capital

Circleboxcirclebox.com

Circlebox is a membership management platform that combines dues collection, event RSVPs, messaging, and document storage in a single branded member portal.

FintechSaaS

Circoolcircool.com

Circool is a web-based school safety platform for K-12 schools that verifies and manages visitors and event attendees using existing mobile devices, checking individuals against national and local sex offender databases.

EdTechSaaS

CModel Datacmodel.ioin𝕏

A decision-making assessment tool that evaluates business leaders' decision processes, preferences, and teamwork dynamics to provide insights for organizational decision-making.

AI & Machine LearningData & InfrastructureEnterprise SoftwareHR TechVallejo, US

Teasha Cable(Executive Officer, Director)inJazmine Cable-Whitehurst(Executive Officer)inRuss Muzzolini(Executive Officer)in

Co-investorsLightship CapitalRogue Womens FundTechstars

Collaborate Health, Inc.collaboratehealth.com

collaboratehealth provides a platform to remotely manage post-discharge patients, combining telehealth and nurse navigation to reduce 30-day hospital readmissions.

Digital HealthHealthtechSaaS

Con.doitcondoit.ioin𝕏

Condoit provides a cloud-based platform that digitizes and manages electrical infrastructure asset data for commercial and industrial contractors.

Construction TechEnterprise SoftwareIoTSaaSBirmingham, US

Ian Hoppe(Founder)Peyton Sherwood(Co-founder)

Co-investorsC2 VenturesClocktower VenturesFontinalis PartnersOverlineTechstarsThe Westly Group+1 more

ConekProconekpro.com

ConekPro offers a mobile tool for managing contractor paperwork such as W-9 forms, certificates of insurance, shared work orders, and photo records.

Construction TechSaaS

Crouxcroux.coinJul 2025

Croux is a staffing platform that uses AI matching to connect temporary workers with hospitality and event venues across the United States.

AI & Machine LearningB2B MarketplacesHR TechBirmingham, US

Kenny Kung(Executive Officer, Director)inJames Stewart Price(Executive Officer, Director)Jennifer Ryan(Executive Officer, Director)

Co-investorsHalogen Ventures Management Company LlcRogue Womens FundSymphonic CapitalTitletownTech

DALD Foundationicftrainingnetwork.org

The International Cystic Fibrosis Training Network (ICFTN) provides training, mentorship, and clinical development support to multidisciplinary cystic fibrosis care teams worldwide.

Digital HealthHealthtechImpact & Social GoodBirmingham, US

Devclaritydevclarity.aiinAug 2024

DevClarity is a consulting service that helps private-equity-backed engineering teams adopt AI-assisted coding tools through environment setup, hands-on training, and directed project work.

AI & Machine LearningDeveloper ToolsFuture of WorkBirmingham, US

Peter Inge(Chief Executive Officer)inWill Blackburn(Executive Officer)in

Ecobrewecobrewco.com

ecobrew builds modular, point-source systems that capture and purify biogenic CO₂ emitted during fermentation and other production processes, storing it on-site for reuse or local resale.

Circular EconomyCleantechClimate Tech

Emission Free Generatorsemissionfreegenerators.comin

Emission Free Generators manufactures portable hydrogen fuel cell power systems (ZENH2) that deliver clean, silent, zero-emission electricity for homes, off-grid installations, and emergency response.

CleantechClimate TechEnergyHardwareCovina, US

Co-investorsTechstars

Equipequipnx.com

Equip is software that captures service documentation and outcome data within daily workflows for provider programs that must meet accreditation standards such as CARF and CQL.

Digital HealthHealthtechSaaS

Essnova Solutions, Inc.essnova.com

Essnova is a government contracting firm that was awarded NASA SEWP VI contracts across categories A, B, and C.

Enterprise SoftwareGovTechBirmingham, US

HDatahdata.comin𝕏Apr 2020

HData is an AI-native operating system that helps utilities, regulators, and energy companies manage regulatory compliance and business intelligence through centralized data and standardized reporting.

AI & Machine LearningData & InfrastructureEnergyEnterprise SoftwareFintechGovTechJoliet, US

Hudson Hollister(Founder)inYuval Lubowich(Co-Founder)in

BoardJohn Fein(Director)inAmy Francetic(Director)inAnthony Mealey(Director)Mithun Banarjee(Director)

Co-investorsBuoyant Ventures Management, LlcFirebrand VenturesHyde Park Venture PartnersTechstarsBlueTree Venture CapitalFrontier Venture Capital+8 more

Healthcare Consumer Firsthccfirst.com

HCC FIRST offers a medical-bill review service where consumers upload their provider bills and insurance explanations of benefits to receive a plain-language answer on what to pay, question, or dispute.

FintechHealthtechInsurTech

Help Lightninghelplightning.comin𝕏

Help Lightning provides an enterprise augmented reality platform for remote visual guidance, letting remote experts assist field technicians and customers through patented merged reality video collaboration, AI-assisted tools, and automated visual procedures.

AI & Machine LearningEnterprise SoftwareSaaS

Bart Guthrie(Founder)Marc Guthrie(Chief Executive Officer)in

Co-investorsBonaventure CapitalTech Square Ventures

Homefitthehomefit.com

HOMEFIT provides concierge personal training delivered in-home, onsite, or virtually, pairing clients with certified trainers who build custom fitness plans.

ConsumerSports TechWellness & Fitness

Homepointhomepoint.co

Homepoint helps homebuyers evaluate pricing, make offers, and navigate inspections, using a lower buyer-agent fee to create room for better offer terms.

MarketplacesPropTech

Idylloidyllo.comin

Idyllo provides estimate and job scheduling software designed specifically for painting companies, enabling smart assignment of jobs based on team skills and geography to reduce dropped leads and improve customer reach.

Enterprise SoftwarePropTechSaaSWashington, US

Jessica Majnoin

Co-investorsTechstars

Immunowakeimmunowake.com

ImmunoWake develops immunocytokine therapeutics that use targeted precision delivery to harness the anti-tumor potential of cytokines while reducing their systemic toxicity.

BiotechHealthtech

Intelligent Media and Designimdinteractive.org

IMD Interactive is a 501(c)(3) non-profit video game publisher that creates Bible-based video games and other Christian media intended to teach scripture in an engaging way.

GamingImpact & Social GoodMedia & Entertainment

Kirklin Solutionskirso.netOct 2023

Kirklin Solutions provides a platform for high acuity care teams that uses live FHIR integration to extract, structure, and analyze clinical data from EMRs, powering clinical registries and real-time dashboards for quality improvement and outcomes.

Data & InfrastructureDigital HealthHealthtechHoover, US

Craig Collum(Executive Officer)

Kravenkravenapp.com

Kraven offers a mobile app for discovering and tracking food trucks, with real-time location updates, search, an AI feature for deals, and social features to see where friends are eating.

ConsumerFoodTechSocial

KrillPaykrillpay.comin𝕏Feb 2024

KrillPay operates a mobile payment app that lets migrants send money home to unbanked relatives, who receive funds instantly in local currency via a digital wallet, alongside credit-building, virtual cards, and savings features.

ConsumerFintechImpact & Social GoodBirmingham, US

Emmanuel Etim Umoh(Executive Officer, Director)

Co-investorsDraper AssociatesHalogen Ventures Management Company Llc

Luauluau.co

Luau is an AI-assisted event planning app whose assistant "Kai" turns a one-sentence description into a shareable invite, guest list, and timeline, and handles RSVPs, guest questions, and reminders.

AI & Machine LearningConsumerSocialBirmingham, US

LunarLablunarlab.io

LunarLab is a women-founded UX design and product strategy agency that provides user research, product strategy, project management, and UI/UX design for web and mobile products.

GovTechSaaSBirmingham, US

MainStreet Family Caremainstreetfamilycare.com

MainStreet Family Care operates walk-in urgent care and primary care clinics with extended, seven-day-a-week hours, and also provides occupational health services for local employers.

HealthtechWellness & Fitness

Mealvanamealvana.io

Mealvana is a meal-planning app that learns a user's food likes, dislikes, diet, and routine to generate personalized menus and recipes.

ConsumerFoodTechWellness & Fitness

Multiply, Inc.askmultiply.com

Multiply offers an AI sales coach called Murphy that trains new sales hires on a company's specific sales message, then joins their real prospect meetings to grade and coach every call.

AI & Machine LearningSaaSSales Tech

Ryan Robinett(Founder & Principal)

Need2Sayneed2say.com

Need2Say provides multilingual workplace safety communication, offering real-time access to safety manuals, multilingual alerts, and training along with compliance tracking and reporting.

Enterprise SoftwareHR TechSaaS

Nia Healthniahealth.ai

Nia Health develops indication-specific digital therapeutics (DTx) and digital health applications (DiGA) for patients with chronic skin and allergic conditions such as eczema, psoriasis and acne, with features including remote patient monitoring and clinical-trial data collection.

AI & Machine LearningDigital HealthHealthtech

Nimblenimblepos.com

Nimble is a configurable point-of-sale and commerce-enablement platform that lets businesses manage operations, payments, and reporting while choosing their own payment-processing hardware.

FintechRetail TechSaaS

Nyadnyad.aiin

nyad.ai develops AI-powered microscopy image analysis for wastewater treatment operators, using computer vision and deep learning to classify organisms and floc characteristics in activated sludge and provide real-time corrective action recommendations.

Advanced ManufacturingAI & Machine LearningCleantechBirmingham, US

Virginia Szepietowski(Founder & CEO)in

Co-investorsHalogen Ventures Management Company LlcTechstarsBoost VCDraper AssociatesFirst Avenue Ventures

O3 Solutionso3.solutions

O3 provides cloud-based project management software for capital construction projects, offering planning, execution, oversight, and Advanced Work Packaging (AWP) tools.

Construction TechEnterprise SoftwareSaaS

OpenViaopenvia.com

OpenVia offers software that adds smartphone-based entry, guest passes, and video intercom features to a property's existing access control, gate, and intercom systems.

IoTPropTechSaaS

Ostrichgetostrich.com

Ostrich is a fully managed digital marketing and member-communication service for small credit unions that lack a dedicated marketing team, handling branded newsletters, new-member onboarding sequences, a financial-wellness microsite, social posting, NCUA-aligned compliance, and board-ready reporting.

FintechMarketing TechSaaS

PatientEXPpatientexp.com

PatientEXP provides a healthcare-focused communication platform that connects hospitals and health systems with patients and their families via SMS, MMS, voice, and email.

Digital HealthHealthtechSaaS

Primerprimer.com𝕏

Primer operates a network of microschools blending human instruction with technology to personalize learning for K-12 students, addressing education gaps in math and reading.

ConsumerEdTechMiami, US

Ryan Delk(Founder)inGabriel Le Roux(Founder)John Bohannon(Founder)Maksim Stepanenko(Founder)Paul Anthony(Founder)Sean Gourley(Founder)

Co-investorsCubit CapitalDesigner FundEarl Grey CapitalElevate VenturesExpaGaingels+24 more

ProxyLinkproxylink.co

ProxyLink offers a no-code platform for businesses to build, host, and manage branded ChatGPT plugins and Claude connectors for customer support, built on a company's own knowledge base, tone, and policies.

AI & Machine LearningEnterprise SoftwareSaaS

Quantalytixquantalytix.com

Quantalytix builds data management and analytics software for banks, unifying data across an organization's systems to support monitoring, risk reduction, and regulatory compliance.

Data & InfrastructureFintechSaaS

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AITCAlabama APEXAxelDMSBirmingham City Wide (BBRC)Birmingham CorpsCahaba LabsCollaboratehealthDayrolEncore TechnologiesEndeavorHeart Rhythm Clinical Research SolutionsLRY Media GroupMyStaffSchedulePrismmREDiShipshape AgWorksSngularTerram LabThe Alabama SBDCThe DALD FoundationUAB Barefield Entrepreneurship ProgramWunderfan

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Innovation Depot made?
Innovation Depot has 112 tracked investments, including 1 dated in the last 24 months.
What stage does Innovation Depot invest at?
Innovation Depot invests at the Pre-Seed, Seed stages.
What sectors does Innovation Depot focus on?
Innovation Depot focuses on PropTech, Sector Agnostic.
Where is Innovation Depot located?
Innovation Depot is headquartered in Birmingham, US.
Who does Innovation Depot co-invest with?
Innovation Depot most often shares deals with Techstars, Halogen Ventures Management Company Llc, Alumni Ventures, among 75 tracked co-investors.

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