Innventure, Inc. - Company Summary

Business Overview

• Innventure is a company that founds, funds, and operates companies focused on transformative, sustainable technology solutions.
• The company acquires or licenses technology from multinational corporations (MNCs) and other technology innovators.
• It establishes new companies (Operating Companies) around these technologies with the goal of achieving enterprise values of at least $1 billion.
• Innventure's approach involves working closely with MNCs, leveraging their market data, proprietary insights, and channels to accelerate commercialization.
• The company aims to build disruptive companies that can significantly change industries and markets, with a particular emphasis on sustainability.

Historical and Current Companies

• Launched Four Key Companies:
  • PureCycle Technologies, Inc. (launched in 2015, technology sourced from P&G; went public in 2021; Innventure no longer has economic interest)
  • AeroFlexx, LLC (launched in 2018, technology sourced from P&G)
  • Accelsius Holdings LLC (launched in 2022, technology initially sourced from Nokia)
  • Refinity Olefins, LLC (launched in 2024, technology licensed from VTT and collaboration with Dow)

Business Model & Processes

• Uses a DownSelect process (4 phases) to evaluate opportunities:
  • Opportunity screening
  • Critical factor assessment
  • Comprehensive quantification
  • Strategy & formation of new companies
• The company retains control of the new ventures, typically maintaining majority ownership.
• Focuses on disruptive innovations with a targeted enterprise value of at least $1 billion.
• Prioritizes long-term holding of portfolio companies, moving away from shorter-term exit strategies like IPOs or sales.

Financials (as of latest reporting)

• Revenue:
  • For the period ending December 31, 2024: $1.22 million
  • Increased 9.2% compared to $1.117 million in the previous year
• Employees:
  • As of March 14, 2025: 153 employees and contractors across the company and its subsidiaries.
• Financial Performance Highlights (2024):
  • Operating expenses: approximately $10.5 million
  • Net loss attributable to stockholders: approximately $78.2 million
  • Cash and cash equivalents: $11.1 million
• The company is in a growth and development stage, with ongoing investments in new companies and technology commercialization.
• The company has raised additional equity funding via transactions with private investors like Yorkville and has entered into convertible debenture agreements to support future funding needs.

Key Focus Areas

• Sustainability: Developing solutions that deliver environmental benefits and meet corporate ESG goals.
• Disruptive Technologies:
  • AeroFlexx: Sustainable liquid packaging with significantly reduced virgin plastic use.
  • Accelsius: Innovative liquid cooling for data centers to improve energy efficiency and thermal management.
  • Refinity: Converting plastic waste into chemicals to support circular economy initiatives.
• Partnerships with major corporations such as P&G, Nokia, VTT, and Dow to source and develop innovative technologies.

Note: Specific customer counts or revenue figures beyond the latest financial statement (e.g., number of clients, recurring revenue, or industry-specific revenues) are not provided in the given information.