- CEO
- Timothy Symington
- Full Time Employees
- 5
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1930 Ocean Avenue Santa Monica CA United States of America 90405
- IPO Date
- Oct 31, 1994
- Business
- Invent Ventures, Inc. (IDEA) operates as a publicly traded technology incubator and venture capital firm that builds, acquires, invests in, and spins off transformative businesses at various development stages including incubation, seed, startups, growth capital, and early-stage investments; it focuses on specialty retail and technology sectors such as web-based software, digital media, mobile applications, social media, consumer internet, online advertising, and healthcare technology, with typical investment sizes up to $0.25 million primarily in the Los Angeles area of the United States. The company, founded on August 18, 2005 and headquartered in Santa Monica, California, is majority owned and operated by The Aeon Group, Inc., a US private equity fund that purchased a controlling interest in 2017, and maintains subsidiaries including Aster Brands, Inc., Geneships Maritime, Inc., and IDEA Mgmt, LLC. Recent changes include a name change from Los Angeles Syndicate of Technology, Inc. to its current form, alongside ongoing incubation and spin-off activities of portfolio companies in technology and retail sectors as part of its core operational strategy.