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Venture Capital
inovia.vc

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Investments

277

Portfolio Exits

50

Funds

14

Service Providers

1

About Inovia Capital

Inovia Capital is a full stack venture firm that invests in passionate tech founders with global ambitions. With over US $1B across early and growth stage funds, Inovia offers capital, coaching, and access to talent in the most valuable ecosystems in Canada, the US, and Europe. Inovia invests in applied services and infrastructure platforms focused on transforming complex legacy industries, such as financial services, healthcare, commerce, transportation, travel, and others.

Inovia Capital Headquarter Location

3 Place Ville-Marie Suite 12350

Montreal, Quebec, H3B 0E7,

Canada

514-982-2251

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

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 2 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

113 items

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

News round-up: Communitech names top startups, Inovia raises new fund, and Syzl rents out kitchens

Jun 23, 2022

News round-up: Communitech names top startups, Inovia raises new fund, and Syzl rents out kitchens Alex Kinsella Newsmakers Snowflake plans Toronto office: Cloud computing firm Snowflake announced that it will open a new Canadian headquarters in Toronto later this year. The 50,000-square-foot space in the Bay Adelaide Centre (pictured) will eventually house hundreds of software engineers working on the company’s app marketplace. Wave CEO steps down: Wave Financial’s co-founder, Kirk Simpson, is stepping down as CEO . Simpson led the fintech startup through its 2019 acquisition by H&R Block for $537 million. Former Mastercard executive Zahir Khoja will take over the position on July 1. Communitech unveils Team True North: Kitchener-Waterloo innovation hub Communitech announced its inaugural Team True North roster at the Toronto Stock Exchange. The 35 Canadian companies on the list, including Toronto startups Ada, Clearco, Ecopia AI, and League, are each predicted to reach $1 billion in annual revenue by 2030. Money talk Inovia raises new venture fund: Inovia Capital has raised $420 million for its fifth fund supporting early-stage startups . The new fund will invest in seed through Series A rounds. Despite numerous reports that venture capital funds are reining in activity as interest rates rise, Inovia co-founder and partner Shawn Abbott told BetaKit that it is a good time to make investments because valuations aren’t as high. Augmenta closes seed round: Augmenta has raised in $5.3-million seed funding . The startup was founded by a group of former Autodesk employees who are developing an AI-powered building design software for the construction industry. Toronto-based Hazelview Ventures led the round. Babbly raises $3.2 million: Babbly announced a $3.2-million seed round to help expand its speech and language development platform. Founded in 2018 by founders Maryam Nabavi and Carla Margalef Bentabos, the platform uses AI to analyze a child’s speech and gives parents activities and tips to help their children develop language and social skills. Making it Syzl helps food entrepreneurs find kitchens: Syzl is a new platform connecting chefs and food entrepreneurs with restaurants looking to earn extra revenue by renting their kitchen space. Syzl is backed by ​​Restaurants Canada and is launching with 35 kitchens across the GTA available for rent. “Syzl helps open the doors for so many chefs and food creators who otherwise wouldn’t have the opportunity … while benefiting restaurants who aren’t open 24-7,” said Romain Avril, a chef and advisor to Syzl. Celebrating Pride at Glad Day Bookshop: Located on Church Street in Toronto, Glad Day Bookshop is the world’s oldest queer bookstore . The shop originally opened in 1970 in a Cabbagetown basement before moving to its current location. “People see Glad Day as a safe and comfortable space. This sense of safety also extends to our staff. Once you’re a Glad Day person, you’re always a Glad Day person,” co-owner Jill Andrew said. Get the latest startup news, business advice, industry updates and success stories from Toronto entrepreneurs on our  news page .

Inovia Capital Investments

277 Investments

Inovia Capital has made 277 investments. Their latest investment was in Flare Systems as part of their Series A on June 6, 2022.

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Inovia Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/10/2022

Series A

Flare Systems

$7.43M

Yes

2

5/31/2022

Series A

Pine

$21.32M

Yes

2

5/19/2022

Seed VC - II

Haloo

$2.3M

Yes

2

5/10/2022

Series B

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$99M

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10

5/4/2022

Seed VC

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$99M

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10

Date

6/10/2022

5/31/2022

5/19/2022

5/10/2022

5/4/2022

Round

Series A

Series A

Seed VC - II

Series B

Seed VC

Company

Flare Systems

Pine

Haloo

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Amount

$7.43M

$21.32M

$2.3M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

2

2

10

10

Inovia Capital Portfolio Exits

50 Portfolio Exits

Inovia Capital has 50 portfolio exits. Their latest portfolio exit was Sonder on January 19, 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

1/19/2022

Reverse Merger

$99M

13

10/29/2021

Acquired

$99M

27

9/21/2021

Acquired

$99M

1

8/25/2021

Corporate Majority

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$99M

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10

8/24/2021

Acq - Talent

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$99M

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10

Date

1/19/2022

10/29/2021

9/21/2021

8/25/2021

8/24/2021

Exit

Reverse Merger

Acquired

Acquired

Corporate Majority

Acq - Talent

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

13

27

1

10

10

Inovia Capital Fund History

14 Fund Histories

Inovia Capital has 14 funds, including Inovia Capital V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/15/2022

Inovia Capital V

$325M

2

10/14/2021

Inovia Continuation Fund

$334M

1

3/16/2021

Growth Fund II

$450M

3

2/19/2019

Growth Stage Fund

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$99M

10

2/19/2019

iNovia Capital IV

$99M

10

Closing Date

6/15/2022

10/14/2021

3/16/2021

2/19/2019

2/19/2019

Fund

Inovia Capital V

Inovia Continuation Fund

Growth Fund II

Growth Stage Fund

iNovia Capital IV

Fund Type

Subscribe to see more

Status

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Amount

$325M

$334M

$450M

$99M

$99M

Sources

2

1

3

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

9 Team Members

Inovia Capital has 9 team members, including current President, Geoff Judge.

Name

Work History

Title

Status

Chris Arsenault

Telesystem, Wanted Technologies, Copernic, and SIT Capital

Founder

Current

Geoff Judge

President

Current

Geoff Judge

President

Current

Robin Ramrup

Controller

Current

Ramit Kar

Managing Partner

Current

Name

Chris Arsenault

Geoff Judge

Geoff Judge

Robin Ramrup

Ramit Kar

Work History

Telesystem, Wanted Technologies, Copernic, and SIT Capital

Title

Founder

President

President

Controller

Managing Partner

Status

Current

Current

Current

Current

Current

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