inov-8
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inov-8 - overview
Established
2003
Location
-, -, UK
Primary Industry
Consumer Products
About
inov-8 is a UK-based company specializing in high-performance footwear, apparel, and accessories for outdoor and athletic activities, meeting the needs of athletes and fitness enthusiasts across diverse terrains. Founded in 2003 in Durham, UK, inov-8 designs and manufactures specialized footwear and apparel for outdoor sports. The company was acquired by Descente in August 2015, although financials were not disclosed. The founder, Wayne Edy, has a history in the footwear industry, and the current CEO is Mike Snell.
Inov-8 has successfully raised GBP 12. 00 mn in its latest funding round, which was a Growth round, with Livingbridge investing the full amount. This brings the total amount raised to GBP 12. 00 mn through two notable deals.
inov-8 is recognized for its specialized footwear, including running, gym, and hiking shoes, engineered with innovative technologies such as Zero Drop and NaturalFit™. The company also offers a diverse range of apparel, including jackets and tights, specifically designed for outdoor and athletic activities. Their products target outdoor enthusiasts and athletes primarily in the UK, US, Canada, and various European markets. For the fiscal year 2023, inov-8 reported a revenue of GBP 10,997,630.
50, with an EBITDA of GBP -3,075,007. 70. The company generates revenue through direct-to-consumer sales on their website and partnerships with retailers. inov-8 plans to expand its product offerings with new footwear models and apparel lines targeted for launch in the upcoming year.
The company aims to increase its market presence in Europe and North America by 2025. The recent Growth funding of GBP 12. 00 mn will support these initiatives, particularly in product development and marketing strategies.
Primary Industry
Consumer Products
Sub Industries
Consumer Products, Consumer Services
Website
www.inov-8.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
inov-8 - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | inov-8 | - | ||||||||
| Growth | Completed | inov-8 | - |
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