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Appnovation Technologies

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A global Digital Solutions and Managed Services provider delivering superior strategy, application development, and enterprise integration

Vancouver, CanadaFounded 2007Other B2B Software
Valuation $50–100M Last recorded · 2020
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Appnovation Technologies and the history behind them.

About Appnovation Technologies

Appnovation Technologies operates as a global, full-service digital consultancy, originating from Vancouver, Canada. The firm was established in 2007 by Arnold Leung, who launched the company at the age of 21, immediately after graduating from the University of British Columbia's Sauder School of Business with a Bachelor's degree in Commerce. Leung's entrepreneurial journey began during a university internship, where he started developing websites for investment advisors on a contract basis, providing the foundation and connections to start his own venture upon graduation.

The company's business model is centered on providing digital solutions and managed services to a diverse client base that ranges from startups to Fortune 500 corporations, government bodies, and non-profit organizations. Appnovation specializes in leveraging open technologies to deliver services such as digital strategy, user experience design, data analytics, platform engineering, and enterprise integration. Revenue is generated by strategizing, building, and deploying secure digital experiences, complemented by 24/7 support and maintenance services. Initially focused on web development using open-source platforms like Drupal, the company expanded its offerings to include mobile applications, back-end systems, and big data services, capitalizing on the growing adoption of open-source technology. The firm has established strategic partnerships with companies like Acquia, Alfresco, and Alibaba Cloud to enhance its service delivery.

Appnovation's services cover a wide spectrum of digital transformation needs. This includes developing web and mobile applications, creating enterprise content management systems, and implementing solutions for big data, business intelligence, and cloud platforms. The company assists clients in identifying opportunities for digital growth and provides end-to-end project execution, from initial strategy and user experience design to development, deployment, and ongoing managed services. A key aspect of their work involves creating cross-platform applications using technologies like HTML5. The firm serves various industries, with a notable focus on life sciences, where it develops solutions to improve patient outcomes, and financial services, where it enhances customer experience for clients like HSBC and RBC. Other prominent clients include Coca-Cola, Rogers Communications, and Johnson & Johnson.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2007
Headquarters
Vancouver, Canada
Employees
245
Open positions
33
Dealroom signal
85.1/100
Sector
Other B2B Software, Testing, Open Source, Delivery, Retail, SaaS, Entertainment, Content Management, Community, App, Platform, Horizon Europe
Technology
Big Data
Business model
SaaS
Client focus
b2b

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VC✓Equity / VC Sep 2020 $9M $61M Business Growth Fund · Export Development Canada · Canadian Business Growth Fund —
EARLY VC✓Equity / VC Aug 2019 $12M $49M CBGF LTD · Canadian Business Growth Fund · Business Growth Fund ↗
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Growth signals

Appnovation Technologies website traffic

Latest recorded traffic for Appnovation Technologies is 19K monthly website visits, down 5% over the last three months. Appnovation Technologies's team grew 13.4% over the past year.

Latest monthly visits19K 3-month web change-5% 1-year team growth+13.4%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

5 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Eureka

Series A3 investors entered at this stage

  • Canadian Business Growth Fund
  • Business Growth Fund
  • CBGF LTD

Series B and later1 investor entered at this stage

  • Export Development Canada
Team profiled 48 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
12 countries with
team presence
🇨🇦 Canada52.4%
🇧🇷 Brazil15.1%
🇭🇰 Hong Kong10.3%
🇬🇧 United Kingdom7%
🇺🇸 United States6%
Top 5 of 12 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Appnovation Technologies on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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