Inovia Capital

Inovia Capital is a prominent Canadian venture capital firm with a global footprint, investing across various stages from Seed to Growth. Established with a mission to partner with founders building influential and enduring technology businesses, Inovia has offices in major Canadian tech hubs like Montreal, Toronto, and Calgary, as well as an international presence in London, UK. The firm is known for its hands-on approach, leveraging the operational expertise of its team to support portfolio companies in scaling globally and achieving market leadership.

Inovia's investment strategy is diversified across multiple dedicated funds, allowing them to support companies from their earliest stages through significant growth. This includes their Seed Fund, Venture Fund, and Growth Fund. The firm recently closed Inovia Venture Fund V with $200 million in 2023, targeting Seed to Series B investments, and Inovia Growth Fund II, which closed at $450 million in 2021, focusing on later-stage opportunities. Their total capital under management exceeds $2.2 billion, underscoring their substantial capacity to deploy capital across the tech ecosystem. They typically focus on sectors such as B2B SaaS, FinTech, AI, and deep tech.

Inovia Capital's typical first cheque sizes reflect their multi-stage investment approach. For early-stage companies, particularly those at the Seed stage, initial investments can range from $500,000 to $2 million. As companies mature, Inovia is prepared to lead or co-lead larger rounds, with initial investments from their Venture Fund often falling between $2 million and $20 million, and their Growth Fund capable of deploying initial cheques up to $50 million or more for established, high-growth businesses. This flexible investment range allows Inovia to be a long-term partner for founders, from inception through significant scaling and global expansion. Their portfolio includes notable companies like Lightspeed, Hopper, and BenchSci, demonstrating their impact on the global tech landscape.