Innovate

What they do

Innovate Corp. is a diversified holding company that seeks to acquire and manage "best-in-class" assets across three key sectors: Infrastructure, Life Sciences, and Spectrum. Unlike a VC firm, Innovate operates as a permanent capital vehicle, taking controlling or significant equity positions in mature or growth-stage companies. Their strategy involves actively managing these subsidiaries to unlock value, exemplified by recent FDA approval for MediBeacon and driving dividends from DBM Global. The firm rebranded from HC2 Holdings in 2021 to reflect a strategic shift under new leadership.

What they look for

Innovate’s thesis is built on "Stakeholder Capitalism." They aim to acquire underappreciated or complex assets where their operational expertise and capital can drive long-term growth. They focus on three specific verticals where they believe they have a competitive advantage: Infrastructure, Life Sciences, and Spectrum.

Stage

Series B+

Sectors

Healthcare, Media

Based

New York, US