iNovia Capital

iNovia Capital

iNovia Capital is a Montreal-based venture capital firm that backs early-stage technology entrepreneurs.

iNovia Capital is an early stage venture capital firm that invests in technology startups. The firm supports entrepreneurs forge major companies with custom playbooks for attracting talent and scaling efficiently. iNovia Capital main objective is to build digital platforms and services that transform old industries and push technology frontiers. The firm invests across the United States and Canada and manages $500M across three funds.

History

iNovia Capital was founded on Dec 20, 2001, by Chris Arsenault. The firm has its headquarters at Montreal, Quebec, Canada

Investments

iNovia Capital has made 170 investments (61 are lead investments). The firm invested $60M in Boosted Boards on Dec 20, 2018. iNovia Capital has had 28 exits. Some of their most notable exits include Basis Science, Luxury Retreats, and VarageSale. The company across four funds has raised a total of CA$425.7M. On Jun 1, 2016 iNovia Capital announced that they had raised CA$23.8M for their iNovia Capital Fund III-Parallel.

Timeline

Funded Companies

Company
Description
Industry
Website
Location
Armored Things

Armored Things is a Boston-based company founded in 2017 by Julie Johnson, Chris Lord and Charles Curran.

Lenddo EFL offers loans underwritten by social media data to borrowers without established or robust credit histories.

Top Hat is a company founded by Mike Silagadze. Top Hat produces software aimed at increasing engagement in students. The software allows users to integrate videos and graphics and customize interactive textbooks.

TripleLift is an American multinational technology company, whose platform enables scalability for native, branded content and OTT advertising.

Synthetic biology company that uses AI, DNA synthesis, and robotics to discover biological molecules.

Ensighten is a customer data tracking platform and tag management technology vendor headquartered in San Jose, California. The company sells a customer data platform which includes visitor tracking and marketing products.

Wearable device company founded in 2012 based in Kitchener, Ontario, Canada. The company was previously called Thalmic and changed their name to North in 2018.

SnapTravel is a Toronto-based company founded in 2016 by Henry Shi.

Boosted Boards is a company developing and building remote-controlled motorized electric longboards.

Vidyard is a company providing a video marketing platform for businesses. It participated in the S11 cohort of Y Combinator.

Lightspeed POS is a Montreal-based company founded in 2005.

WorkFusion is a New York-based software company that provides a platform with Robotic Process Automation(RPA) and Artificial Intelligence (AI).

Beyond the Rack is a Quebec City-based fashion company.

A company offering a software platform for small and medium sized business marketers.

A company that provides serviced and furnished apartments licensed to run as a hotel.

Tulip Retail is a Canadian enterprise software company that develops products for retailers, focusing on mobile applications for store workers. The company is headquartered in Toronto, Canada with offices in Kitchener, London and New York City. Retailers using Tulip include Mulberry and Kate Spade New York.

A company that participated in the F1 cohort of Y Combinator. It provides financial services to self-employed, freelancers, independent contractors and entrepreneurs

Shyft is a Seattle-based mobile enterprise company founded by Brett Patrontasch, Daniel Shudan Chen, Chris Pitchford and Kyle Liu.

Buffer box is a startup company developing automated self-serve kiosk that provides 24/7 pick-up of parcels. It participated in the S12 cohort of Y Combinator.

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People

Name
Role
LinkedIn

Camille Pfeiffer

Operations Analyst

Chris Arsenault

General Partner

Francois Gauvin

Partner &CFO

Karamdeep Nijjar

Partner

Magaly Charbonneau

Principal

Mary Semeraro

Accounting Associate

Shawn Abbott

General Partner

Sumit Pasupalak

Entrepreneur in residence

Further reading

Title
Author
Link
Type
Date

inovia Capital Community & Events

Web

Documentaries, videos and podcasts

Title
Date
Link

iNovia AGM 2014 - Build Versus Buy: a Momentum Driven Decision by Daniel Saks @AppDirect

Sep 24, 2014

inovia capital 2018

Dec 21, 2018

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Meagan Simpson
June 1, 2020
BetaKit
Tugboat Logic, which provides automated tech for the security assurance market, has raised a $10.8 million CAD ($8 million USD) funding round.
Meagan Simpson
November 27, 2019
BetaKit
Inovia Capital has added its newest partner, Magaly Charbonneau, who will also lead the firm's Montreal office and investment activities.
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