Investments
277Portfolio Exits
50Funds
14Service Providers
1About 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
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.
Unicorns- Billion Dollar Startups
113 items
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
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.
Inovia Capital Investments Activity
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 Punks Capital, Hashed, Prosus Ventures, The51, and W Fund | 2 |
5/10/2022 | Series B | |||||
5/4/2022 | Seed VC |
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 | ||
Amount | $7.43M | $21.32M | $2.3M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | 2 Punks Capital, Hashed, Prosus Ventures, The51, and W Fund | ||||
Sources | 2 | 2 | 2 |
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 | 13 | |||
10/29/2021 | Acquired | 27 | |||
9/21/2021 | Acquired | 1 | |||
Date | 1/19/2022 | 10/29/2021 | 9/21/2021 | ||
---|---|---|---|---|---|
Exit | Reverse Merger | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 13 | 27 | 1 |
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 | ||||
2/19/2019 | iNovia Capital IV |
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 | |||||
Status | |||||
Amount | $325M | $334M | $450M | ||
Sources | 2 | 1 | 3 |
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 |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.