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innovatepartners.com

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Investments

10

Portfolio Exits

1

Funds

1

About Innovate Partners

Innovate Partners is an operationally oriented Private Investment Company serving emerging growth companies.

Innovate Partners Headquarters Location

2211 Michelson Dr Suite 300

Irvine, California, 92612,

United States

949-502-8247

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Expert Collections containing Innovate Partners

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Innovate Partners in 1 Expert Collection, including Fitness Tech.

F

Fitness Tech

227 items

We define fitness tech as companies leveraging software and technology to augment approaches to developing or maintaining physical fitness. Companies in this category develop tools and services including workout apps, wearables, and connected fitness equipment.

Latest Innovate Partners News

Lindora Receives Additional Round of Growth Capital

Feb 21, 2018

Lindora, one of the largest medically supervised weight loss and wellness companies in the country, announced today that it has received additional funding that will allow the company to accelerate its expansion of clinic locations and extend its line of naturally flavored, gluten free, clean-label food products within its Lindora Nutrition ® brand. The recent growth capital round included an entirely new investment from Montage Capital, as well as follow-on investments from Solis Capital Partners and Innovate Partners. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180220006676/en/ Will Righeimer is CEO of Lindora, one of the largest medically supervised weight loss and wellness companies in the country. (Photo: Business Wire) “It’s exciting to see the commitments from our investor partners who truly believe in our mission and the market opportunity,” said Will Righeimer, Chief Executive Officer of Lindora. “This new round of capital will allow us to accelerate our plans and further establish Lindora as the best wellness solution for people looking to lose weight and live healthier, happier lives.” “Lindora has a truly unique position in the weight loss and wellness space because the program is rooted in science and it’s medically supervised, which makes it highly effective,” said Eric Gonzales, Managing Director at Montage Capital. “This investment was also of particular interest to us because of Lindora’s mission to transform patients’ lives. That made Lindora a perfect candidate for our Social Impact Fund, which was created to invest in companies that deliver a meaningful, positive impact to our society. We believe that Lindora is an attractive investment based on both its mission and its expected financial return,” said Gonzales. Dan Lubeck, Managing Partner at Solis Capital partners added, “This is a show of our confidence in the management team and its plan. We believe that Lindora is positioned to dramatically expand its traditional direct to patient channel. Perhaps even more important, no other company is better aligned to support the health and business communities with a proven weight loss and obesity solution for patient and employee populations than Lindora.” Bob Allison, Managing Partner at Innovate Partners said, “With two-thirds of Americans being either overweight or obese, the need for Lindora’s products and services has never been greater. Lindora’s expanded product offering, along with its plans for additional retail and business to business patient channels, will be powerful growth strategies, which is why we’ve reinforced our commitment and invested additional equity.” Lindora CEO Righeimer added, “We have long recognized our patients’ demand for healthy, on-trend, food and supplements, which is why we created the Lindora Nutrition® and Lindora Wellness® brands. Now, we’re able to rapidly expand those lines and deliver those new products to patients through our existing 35 clinics, our online platform, our B2B channels and our newly designed clinic sites which will open over the next twelve to eighteen months.” About Lindora Lindora is one of the largest, medically supervised weight loss, wellness and consumer products company in the United States. The nationally recognized brand has helped tens of thousands of people lose weight and live happier, healthier lives for nearly 50 years. Lindora’s comprehensive weight management and wellness programs teach patients how to lose weight rapidly and keep it off by eating better, exercising more and managing stress more effectively. Lindora operates 35 clinic locations in Southern California. Lindora’s mission is to transform people’s lives through weight loss and wellness. The company is majority owned by Solis Capital Partners and Innovate Partners, both located in Newport Beach, CA. For additional information about Lindora, visit lindora.com . About Montage Capital Montage Capital provides minimally dilutive growth debt to capital efficient companies. Their tailored debt solutions allow companies to make the investments needed for growth while preserving ownership and control for stakeholders. Montage capital structures create alignment with key stakeholders and focus on helping increase shareholder value. Montage is based in Silicon Valley, CA. For more information, visit montagecapital.com . About Solis Capital Partners Solis Capital Partners is a private equity firm specializing in the lower middle market. Headquartered in Newport Beach, California, Solis invests in companies with revenues of $15 to $100 million, typically in the service, consumer products, niche manufacturing, and software sectors. For additional information, visit soliscapital.com . About Innovate Partners Innovate Partners is an operationally oriented venture capital fund that makes equity and equity-related investments in companies that are active in the technology, business services and consumer products sectors, with a strategy currently focused on consumer technology and big data. For more information, visit innovatepartnersllc.com . View source version on businesswire.com: http://www.businesswire.com/news/home/20180220006676/en/ Lindora

Innovate Partners Investments

10 Investments

Innovate Partners has made 10 investments. Their latest investment was in FaceFirst as part of their Series A - III on September 9, 2021.

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Innovate Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/24/2021

Series A - III

FaceFirst

$10.95M

Yes

1

2/21/2018

Unattributed VC

Lindora

No

3

2/17/2015

Private Equity

Lindora

Yes

1

5/6/2014

Series A

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$99M

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10

9/6/2012

Convertible Note

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$99M

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0

Date

9/24/2021

2/21/2018

2/17/2015

5/6/2014

9/6/2012

Round

Series A - III

Unattributed VC

Private Equity

Series A

Convertible Note

Company

FaceFirst

Lindora

Lindora

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Amount

$10.95M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

3

1

10

0

Innovate Partners Portfolio Exits

1 Portfolio Exit

Innovate Partners has 1 portfolio exit. Their latest portfolio exit was BlueCava on January 20, 2016.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/20/2016

Merger

$99M

1

Date

1/20/2016

Exit

Merger

Companies

Valuation

$99M

Acquirer

Sources

1

Innovate Partners Fund History

1 Fund History

Innovate Partners has 1 fund, including Innovate Partners Emerging Growth & Equity Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/1/2014

Innovate Partners Emerging Growth & Equity Fund I

Diversified Private Equity

Closed

$23.49M

1

Closing Date

7/1/2014

Fund

Innovate Partners Emerging Growth & Equity Fund I

Fund Type

Diversified Private Equity

Status

Closed

Amount

$23.49M

Sources

1

Innovate Partners Team

4 Team Members

Innovate Partners has 4 team members, including current Managing Partner, Robert G. Allison.

Name

Work History

Title

Status

Bob Allison

Ultimate Ears, and Edgewater Funds

Founder

Current

Robert G. Allison

Managing Partner

Current

Richard Conn

Managing Partner

Current

Jeff Conner

Chief Financial Officer

Former

Name

Bob Allison

Robert G. Allison

Richard Conn

Jeff Conner

Work History

Ultimate Ears, and Edgewater Funds

Title

Founder

Managing Partner

Managing Partner

Chief Financial Officer

Status

Current

Current

Current

Former

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