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Innovacell

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Autologous cell therapies for treating incontinence

Tokyo, JapanFounded 2000Biotech & Life Sciences
Valuation $100–250M Last recorded · 2026
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Innovacell and the history behind them.

About Innovacell

Innovacell is a clinical-stage biotechnology company developing and commercializing autologous cell therapies for fecal and urinary incontinence. The company's core technology involves extracting a patient's own skeletal muscle cells, multiplying them in a specialized facility, and then reinjecting them into the weakened sphincter muscle to regenerate tissue and restore function. This approach aims to provide a permanent cure through a minimally invasive procedure.

The company's history began in 2000, when Innovacell Biotechnologie GmbH was founded in Innsbruck, Austria, as a spin-off from the Medical University of Innsbruck by Ekkehart Steinhuber and Rainer Marksteiner. The firm changed its corporate structure to an AG (a public limited company) in 2008 and focused on advancing its cell therapies through clinical trials. A significant restructuring occurred in 2021, when Innovacell K.K. was established in Tokyo, Japan, becoming the parent company to the Austrian entity (now Innovacell GmbH). This move was driven by Japan's favorable regulatory environment for regenerative medicine and its ambition to become a global leader in the field. The company went public on the Tokyo Stock Exchange in February 2026.

Innovacell's business model is described as a "Regenerative Medicine Product Global Aggregation Model," which involves identifying promising regenerative medicine candidates worldwide and leveraging its expertise to advance them through development and commercialization. The company's lead product candidate, ICEF15, is an autologous skeletal myoblast cell therapy for urge fecal incontinence, which is in multi-regional Phase III clinical trials in Europe and Japan. Other pipeline products include ICES13 for stress urinary incontinence (completed Phase II) and ICEF16 for passive fecal incontinence (preclinical). Innovacell has developed proprietary ultrasound-guided instruments for the precise injection of the cultivated cells. The company operates one of Europe's largest GMP-certified manufacturing facilities for cell cultivation in Innsbruck.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2000
Headquarters
Tokyo, Japan
Employees
27
Open positions
None listed
Dealroom signal
86.8/100
Industry
Health
Sub-industry
BioTechnology
Sector
Biotech & Life Sciences, Biotechnology, Health and Wellness, Surgery, Non-Invasive medical devices and treatments, Spinout, Sustainable Development Goals, Biotech and Pharma, Climate Tech, DT and LS
Technology
Deep Tech
Business model
Manufacturing
Client focus
b2b

Funding history

8 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
IPOOther financing Feb 2026 $91M — Undisclosed ↗
SERIES DOther financing Nov 2025 $56M $224M Undisclosed —
Showing the latest 2 of 8 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMargin
2026 —
2025 — —
2024 — —
2023 — —
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Growth signals

Innovacell website traffic

Latest recorded traffic for Innovacell is 970 monthly website visits, down 96% over the last three months. Innovacell's team grew 0% over the past year.

Latest monthly visits970 3-month web change-96% 1-year team growth0%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

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

Investors

15 investors on the cap table

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

Series A2 investors entered at this stage

  • ID Pharma
  • Ci:z Investment

Series B and later12 investors entered at this stage

  • Horizonte Venture Management
  • Buschier
  • Alpine Equity Management
  • Fides Capital Management
  • European Investment Bank
  • Medipal
  • SBI Investment
  • Fiducia
  • HiJoJo Partners
  • M&G
  • Happiness Capital
  • Aska Pharmaceutical

Other known investors1 additional known investor

  • Medical University of Innsbruck
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 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
4 countries with
team presence
🇦🇹 Austria82.3%
🇩🇪 Germany5.9%
🇪🇸 Spain5.9%
🇭🇰 Hong Kong5.9%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Innovacell 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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