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Innovation Ventures LLC, based in Farmington Hills, Michigan, USA, operates as a holding company for businesses focused on consumer products, technology innovations, and philanthropy-driven solutions. The company prominently markets the 5-hour Energy drink through its subsidiary Living Essentials LLC. Its broader investments encompass health treatments like Cerezen, clean water solutions such as HANS Premium Water, and media interests including The Arena Group. Living Essentials, the producer of 5-hour Energy, previously reported 400 employees and 20% revenue growth. Innovation Ventures also supports humanitarian technology initiatives through Billions in Change, developing practical solutions for global poverty. The organization was founded in 2000 by Manoj Bhargava, who continues to serve as its CEO. Its business model centers on operates as a holding company for product sales and investments in ventures, funded through revenue from subsidiaries like 5-hour Energy.
Key people at Innovation Ventures.
Innovation Ventures was founded by Abdulrahman Hariri (Founder) and Eric Myhre (Co-Founder & CEO).
Key people at Innovation Ventures.
Innovation Ventures has 2 tracked investments across 2 companies. The latest tracked deal is $7.0M Series A in Sidecar in June 2014.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 1, 2014 | Sidecar | $7.0M Series A | Nate Lentz | Michael G. Rubin, ARC Angel Fund, BEN Franklin Technology Partners, Gabriel Investments, MID Atlantic Angel Group, Nextstage Capital, Robin Hood Ventures |
| Oct 22, 2009 | Centice | $6.1M Series C | Aurora Funds, Innovation Ventures, S Group Direct Investments | Fulcrum Financial Group |