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Inovia Capital company logo
Venture Capital
inovia.vc

Investments

292

Portfolio Exits

56

Funds

15

Service Providers

1

About Inovia Capital

Inovia Capital is a venture capital firm that partners with founders to build impactful and enduring global companies. The team leverages an operator-led mindset to provide founders with multi-stage support, mentorship, and access to a worldwide network. Inovia has operations in Montreal, Toronto, Calgary, San Francisco, and London.

Headquarters Location

3 Place Ville-Marie Suite 12350

Montreal, Quebec, H3B 0E7,

Canada

514-982-2251

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Expert Collections containing Inovia Capital

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Inovia Capital in 1 Expert Collection, including Robotic Process Automation.

R

Robotic Process Automation

10 items

RPA refers to the software-enabled automation of data-intensive tasks that are low-skill but highly sensitive operationally, including data entry, transaction processing, and compliance.

Latest Inovia Capital News

Canada’s emerging fund managers get a venture lifeline

Sep 18, 2023

The Inovia Capital team at the VC firm's recent annual general meeting. Plus: Deep Genomics brings in life sciences veteran Brian O’Callaghan as CEO. Share on: Welcome to BetaKit’s startup stories of the week! Here, you will find the week’s most important news, features, and editorials published on BetaKit. If you prefer this update hit your inbox every week, make sure to subscribe to the BetaKit Newsletter. Subscribe to the BetaKit Newsletter * indicates required Montréal-based Inovia Capital has launched its first Discovery Fund, closing $34 million CAD ($25 million USD) to invest in emerging North American venture capital (VC) fund managers focused on pre-seed and seed-stage startups. The Discovery Fund formalizes Inovia’s existing efforts to invest in emerging VC firms as many face difficulties fundraising. A new report on the artificial intelligence (AI) sector warns that while Canada is well-positioned with personnel and leading research in the area, Canadian companies face significant barriers as they scale up. The Council of Canadian Innovators (CCI) contends that a lack of Canadian companies scaling up is leading to many of the benefits created from public investment in research and training in AI flowing to firms outside of Canada. Toronto-based proptech startup Properly has been acquired, after its founders announced on LinkedIn in early September that they have exited the firm. Details of the two separate transactions are scant, but Properly co-founder Sheldon McCormick posted on LinkedIn : “In August we exited the business after closing a transaction with Compass. Additionally, our Canadian brokerage and search portal was acquired by a Canadian real estate innovator" Toronto-based artificial intelligence (AI) drug development startup Deep Genomics has hired Brian O’Callaghan as its next CEO, replacing company founder and CEO Brendan Frey. O’Callaghan brings an extensive knowledge of biotechnology, pharma, and clinical research organizations to Deep Genomics while Frey will shift to chief innovation officer and remain on Deep Genomics’ board of directors. A few years ago, a strong password and antivirus software were all businesses needed to stay safe online. According to Ian Paterson, CEO of Victoria-based Plurilock, that era has ended. Plurilock, which offers zero-trust authentication products based on technologies like behavioural biometrics and data loss prevention (DLP), has scaled significantly—executing a roll-up strategy that has seen the company make four acquisitions and grow its revenue from roughly $500,000 to over $64 million in just two years. The CEO and co-founder of Vancouver-based Web3 startup LayerZero Labs is vigorously defending the startup against a lawsuit FTX has filed against LayerZero. The case in question revolves around bankrupt crypto exchange FTX suing LayerZero Labs to try and recover more than $21.3 million in cryptocurrency deposits made in 2022. Nearly every company leader in the world is thinking about the potential opportunity—and risk—of generative AI for their business and customers. In an interview with BetaKit, Coveo CEO Louis Têtu shared takeaways from his world tour, the growth in AI-enabled experiences, and how CIOs can prepare for the “tectonic change” of generative AI. Latest Funding, Acquisitions, and Layoffs VIC – SaaSquatch acquired by Impact.com ( read more ) VAN – Spring Activator acquires Future Capital ( read more )

Inovia Capital Investments

292 Investments

Inovia Capital has made 292 investments. Their latest investment was in HumanFirst as part of their Seed VC - II on July 7, 2023.

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Inovia Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/26/2023

Seed VC - II

HumanFirst

$3.79M

Yes

2

5/25/2023

Series D

BenchSci

$70M

No

5

5/24/2023

Series B

Novisto

$20M

Yes

8

5/24/2023

Series A

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$99M

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10

5/23/2023

Pre-Seed

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$99M

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10

Date

7/26/2023

5/25/2023

5/24/2023

5/24/2023

5/23/2023

Round

Seed VC - II

Series D

Series B

Series A

Pre-Seed

Company

HumanFirst

BenchSci

Novisto

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Amount

$3.79M

$70M

$20M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

2

5

8

10

10

Inovia Capital Portfolio Exits

56 Portfolio Exits

Inovia Capital has 56 portfolio exits. Their latest portfolio exit was Clearpath Robotics on September 05, 2023.

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

9/5/2023

Acquired

$99M

8

6/27/2023

Acquired

$99M

1

6/20/2023

Acquired

$99M

7

5/24/2023

Acquired

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$99M

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10

5/2/2023

Acq - Fin

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$99M

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10

Date

9/5/2023

6/27/2023

6/20/2023

5/24/2023

5/2/2023

Exit

Acquired

Acquired

Acquired

Acquired

Acq - Fin

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

8

1

7

10

10

Inovia Capital Fund History

15 Fund Histories

Inovia Capital has 15 funds, including Inovia Discovery Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/14/2023

Inovia Discovery Fund I

$25M

1

6/15/2022

Inovia Capital V

$325M

2

10/14/2021

Inovia Continuation Fund

$334M

1

3/16/2021

Growth Fund II

$99M

10

2/19/2019

iNovia Capital IV

$99M

10

Closing Date

9/14/2023

6/15/2022

10/14/2021

3/16/2021

2/19/2019

Fund

Inovia Discovery Fund I

Inovia Capital V

Inovia Continuation Fund

Growth Fund II

iNovia Capital IV

Fund Type

Status

Amount

$25M

$325M

$334M

$99M

$99M

Sources

1

2

1

10

10

Inovia Capital Service Providers

1 Service Provider

Inovia Capital has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Inovia Capital Team

8 Team Members

Inovia Capital has 8 team members, including , .

Name

Work History

Title

Status

Christopher Arsenault

Founder

Current

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Name

Christopher Arsenault

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Work History

Title

Founder

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Status

Current

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