# Inanovate funding: rounds and investors

> Inanovate has raised $3.9M across 2 rounds since 2019. Investors include National Science Foundation, South Dakota Equity Partners and Mr. T. Denny Sanford.

Source: https://millionrounds.com/company/inanovate (Millionrounds; every figure on the page links to its filing or article)

United States · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Inanovate*

2 rounds we have observed, with the 4 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Biotech Healthcare

Funding summary Updated 26 Oct 2026

**$3.9M** raised across 2 rounds since 2019, from 2 sources

**$3.1M** Series C **$808K** Venture

- **Latest round:** Venture, $808K Jul 2025
- **Biggest round:** $3.1M Series C · Apr 2019
- **Investors:** 4

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021 2022 2023 2024 2025

**$3.1M** Series C

**$808K** Venture

- **First round:** Series C, $3.1M
- **Biggest round:** $3.1M
- **Between rounds:** 6.3 years

## The rounds

- **Jul 2025** Venture **$808K** *1 new* [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Source recorded SEC filing: $808K sold, first sale Mar 2025
- **Apr 2019** Series C **$3.1M** *3 new* [South Dakota Equity Partners](https://millionrounds.com/fund/south-dakota-equity-partners) Mr. T. Denny Sanford Sanford Frontiers Reported by FinSMEs SEC filing: $3.1M sold, first sale Feb 2019

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series C** 2019 **Venture** 2025 [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [South Dakota Equity Partners](https://millionrounds.com/fund/south-dakota-equity-partners) Mr. T. Denny Sanford Sanford Frontiers

## Everyone who backed them

[National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government **1** round

[South Dakota Equity Partners](https://millionrounds.com/fund/south-dakota-equity-partners) VC firm **1** round

Mr. T. Denny Sanford no record of our own yet **1** round

Sanford Frontiers no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=inanovate).

## Also claim to have backed them

This firm lists Inanovate as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Badlands Capital](https://millionrounds.com/fund/badlands-capital) Private equity Per its own site

## Quick answers about Inanovate

### Who invested in Inanovate?

Inanovate's investors include National Science Foundation, South Dakota Equity Partners, Mr. T. Denny Sanford and Sanford Frontiers.

### How much has Inanovate raised?

Inanovate has raised $3.9M across 2 rounds since 2019.

### When did Inanovate last raise?

Inanovate's most recent round was a Venture of $808K in Jul 2025.

### What was Inanovate's biggest round?

Inanovate's largest round on record is $3.1M (Series C), in Apr 2019.

### Who backed Inanovate first?

Inanovate's first round on record, in Apr 2019, was backed by South Dakota Equity Partners, Mr. T. Denny Sanford and Sanford Frontiers.

### What stage is Inanovate at?

Inanovate's latest named round is a Venture, in Jul 2025.

### Where is Inanovate based?

Inanovate is based in the United States.

## Companies like Inanovate

In the same sector, and raised in the last eighteen months.

[**Star Therapeutics** $325M · Oct 2026](https://millionrounds.com/company/star-therapeutics)[**Promaxo** $106M · Oct 2026](https://millionrounds.com/company/promaxo)[**Prolific Machines** $105M · Oct 2026](https://millionrounds.com/company/prolific-machines)[**AI** $18M · Oct 2026](https://millionrounds.com/company/ai)[**Baba** $40M · Oct 2026](https://millionrounds.com/company/baba)[**IMIO** $19M · Oct 2026](https://millionrounds.com/company/imio)

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