<?xml version="1.0"?>

<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2003-12-15</periodOfReport>


    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001017699</issuerCik>
        <issuerName>INVESTNET INC</issuerName>
        <issuerTradingSymbol>IVNE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001276722</rptOwnerCik>
            <rptOwnerName>AGRADE LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>PO BOX OFFSHORE INC CENTRE</rptOwnerStreet1>
            <rptOwnerStreet2>ROAD TOWN</rptOwnerStreet2>
            <rptOwnerCity>TORTOLA BRITISH V.I.</rptOwnerCity>
            <rptOwnerState>VI</rptOwnerState>
            <rptOwnerZipCode>00000</rptOwnerZipCode>
            <rptOwnerStateDescription>VIRGIN ISLANDS, U.S.</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>

        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>17936094</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>

    </nonDerivativeTable>


    <remarks>Agrade Ltd. is wholly owned by Terence Ho the Chief Executive Officer, Chief Financial Officer and director of the Issuer.</remarks>

    <ownerSignature>
        <signatureName>Terence Ho</signatureName>
        <signatureDate>2004-01-16</signatureDate>
    </ownerSignature>

</ownershipDocument>

