Innovation Works: Funding, Investors & Team (Oct 2026)
For more than 20 years, Innovation Works has played a vital role in Southwestern PA's technology economy, investing capital, business expertise, and other resources into high-potential companies with the greatest likelihood for regional economic impact. IW is the single largest investor in seed-stage companies in the region. They also provide resources for manufacturers to adopt new technologies.
Innovation Works has raised $19.7M across 1 funding round on record, the most recent a Grant of $19.7M announced in Sep 2022.
That round is above the $15M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Innovation Works Company Profile and Key Stats
Latest funding round on record: Sep 2022.
Innovation Works Funding Rounds
Innovation Works Founders and Leadership Team
No contact details are on record for this team yet.
Innovation Works Funding Compared to Other Financial Services Startups
Innovation Works' latest round of $19.7M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Innovation Works Funding FAQs
What does Innovation Works do?
For more than 20 years, Innovation Works has played a vital role in Southwestern PA's technology economy, investing capital, business expertise, and other resources into high-potential companies with the greatest likelihood for regional economic impact. IW is the single largest investor in seed-stage companies in the region. They also provide resources for manufacturers to adopt new technologies.
How much funding has Innovation Works raised?
Innovation Works has raised $19.7M across 1 round on record. The most recent is a Grant of $19.7M announced in Sep 2022.
When did Innovation Works last raise funding?
Innovation Works' most recent funding round on record is a Grant of $19.7M, announced in Sep 2022.
Who is the CEO of Innovation Works?
Cindy Franc is listed as CEO at Innovation Works.
Where is Innovation Works headquartered?
Innovation Works is based in Pittsburgh, Pennsylvania, United States.
How many employees does Innovation Works have?
Innovation Works is in the 51-100 employee band.
How does Innovation Works' funding compare to other Financial Services startups?
Innovation Works' latest round of $19.7M is above the $15M median round size for Financial Services companies on FundedIQ across 5,751 tracked companies over the last two years.
About FundedIQ's Innovation Works Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Innovation Works is left off this page rather than filled in.
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