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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.

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

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.

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

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 an online hotel and flight booking company founded in 2016 by Henry Shi.

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.

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

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

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

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

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

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

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.

Busbud is a Montreal-based company founded in 2011.

VendorHawk was a Seattle-based software asset management company, marketing a software-as-a-service model.

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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
April 7, 2021
BetaKit
Swyft, a digital logistics startup, has raised $22 million CAD in Series A funding in a round co-led by Inovia Capital and with participation from Shopify.
Dan Taylor
March 16, 2021
Tech.eu
Inovia Capital has closed a second fund totalling $450 million and has confirmed its increased interest in the European marketplace. A $400 million fund was announced in February of 2019, and with this newest round sees Inovia's total capital under management at over $1.5 billion. Both new and existing investors participated in the most recent [...]
Darrell Etherington
March 16, 2021
TechCrunch
Montreal-headquartered Inovia Capital has raised $450 million for Growth Fund II, the firm's second growth-stage investment fund. The close of this funding comes just a little over two years after the announcement of its first in February 2019, a $400 million pool of investment capital that marked Inovia's first foray beyond the early stage deals [...]
Meagan Simpson
March 16, 2021
BetaKit
Inovia Capital has raised $450 million USD for its second growth stage fund to build on its success with Lightspeed and create more Canadian unicorns.
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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