Investments
117Portfolio Exits
11Funds
1Partners & Customers
2About Innovacorp
Innovacorp invests in early stage Nova Scotia entrepreneurs, combining venture capital with business mentoring and incubation facilities. The firm provides hands-on business advisory services tailored to meet the needs of companies. A network of advisors, mentors and service providers complements our in-house business expertise. On July 27th, 2022, Innovacorp merged with Invest Nova Scotia Fund.
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Latest Innovacorp News
Jan 12, 2023
Invest Nova Scotia is looking for applicants to its Early Stage Commercialization Fund for university research, rolling over a program from the days of Innovacorp. The fund offers startups up to $50,000 for assessing their products’ market potential, developing go-to-market strategies and other planning, finishing a proof-of-concept, prototyping and leveraging other funds. This time, Invest Nova Scotia has also partnered with the Nova Scotia Department of Natural Resources and Renewables to offer a low-carbon commercialization stream, with the two organizations jointly developing the
Innovacorp Investments
117 Investments
Innovacorp has made 117 investments. Their latest investment was in Bright as part of their Unattributed VC on August 8, 2022.
Innovacorp Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
8/25/2022 | Unattributed VC | Bright | $1.12M | No | 3 | |
3/17/2022 | Seed VC | Planetary Technologies | $3.33M | Yes | Apollo Projects, Innovacorp, Shopify, and Undisclosed Investors | 7 |
9/15/2021 | Growth Equity - II | Proposify | $10.28M | No | 1 | |
6/23/2021 | Series A | |||||
4/12/2021 | Seed VC - II |
Date | 8/25/2022 | 3/17/2022 | 9/15/2021 | 6/23/2021 | 4/12/2021 |
|---|---|---|---|---|---|
Round | Unattributed VC | Seed VC | Growth Equity - II | Series A | Seed VC - II |
Company | Bright | Planetary Technologies | Proposify | ||
Amount | $1.12M | $3.33M | $10.28M | ||
New? | No | Yes | No | ||
Co-Investors | Apollo Projects, Innovacorp, Shopify, and Undisclosed Investors | ||||
Sources | 3 | 7 | 1 |
Innovacorp Portfolio Exits
11 Portfolio Exits
Innovacorp has 11 portfolio exits. Their latest portfolio exit was Reno Sub-Systems on March 14, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
3/14/2022 | Acquired | 3 | |||
12/14/2021 | Acquired | 5 | |||
11/1/2020 | Acquired | 1 | |||
Date | 3/14/2022 | 12/14/2021 | 11/1/2020 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 3 | 5 | 1 |
Innovacorp Fund History
1 Fund History
Innovacorp has 1 fund, including Innovacorp Nova Scotia Fund I.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
Innovacorp Nova Scotia Fund I | $40M | 1 |
Closing Date | |
|---|---|
Fund | Innovacorp Nova Scotia Fund I |
Fund Type | |
Status | |
Amount | $40M |
Sources | 1 |
Innovacorp Partners & Customers
2 Partners and customers
Innovacorp has 2 strategic partners and customers. Innovacorp recently partnered with Startup Genome on March 3, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
3/24/2022 | Partner | United States | Startup Genome is partnering with Innovacorp , Genesis , Innovation PEI , CDL-Atlantic , ACOA , and NBIF to study and support Atlantic Canada 's entrepreneurial and innovation ecosystem development . | 1 | |
3/20/2017 | Partner |
Date | 3/24/2022 | 3/20/2017 |
|---|---|---|
Type | Partner | Partner |
Business Partner | ||
Country | United States | |
News Snippet | Startup Genome is partnering with Innovacorp , Genesis , Innovation PEI , CDL-Atlantic , ACOA , and NBIF to study and support Atlantic Canada 's entrepreneurial and innovation ecosystem development . | |
Sources | 1 |
Innovacorp Team
3 Team Members
Innovacorp has 3 team members, including current Chief Executive Officer, Stephan Duff.
Name | Work History | Title | Status |
|---|---|---|---|
Stephan Duff | Chief Executive Officer | Current | |
Name | Stephan Duff | ||
|---|---|---|---|
Work History | |||
Title | Chief Executive Officer | ||
Status | Current |
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