Fundraising FoxInnovacorp
Government fundInactiveHalifax · Seed–Series A · 1 people tracked
This fund appears to be inactive.
It is unlikely to be making new investments — this profile is kept for reference and historical accuracy.
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Investment thesis
Invest Nova Scotia is a provincial business development agency that helps companies at every stage grow in and export from Nova Scotia. Its venture capital activity operates through the Nova Scotia First Fund, which backs emerging technology companies with high growth potential. The agency also provides incubation facilities, acceleration programs, expert advice, incentives, and market expertise, collaborating with industry, academic institutions, and government partners to identify growth opportunities. Its focus spans the province's high-growth sectors including technology, ocean technology, life sciences, aerospace and defence, financial services, advanced manufacturing, clean technology, and agri-food.
Source: firm website, verified Sep 27, 2026.
Team · 1 people
from the firm's website
What they invest in
from 6 of 7 portfolio companiesAI & Machine Learning ×5Enterprise Software ×4Marketing Tech ×2SaaS ×2Advanced Manufacturing ×1AgTech ×1Biotech ×1Climate Tech ×1
HQs:Canada×1United States×1
Investments · 7 tracked
founders shown can be your intro pathBy year:2021 · 12017 · 12 dated
Korrai develops an AI platform for infrastructure and mining risk assessment that aggregates multi-modal data and performs automated analysis to identify geotechnical hazards and reduce critical failures.
Advanced ManufacturingAgTechAI & Machine LearningClimate TechEnergyInsurTechToronto, CA
Rahul Anand(Founder)inRob McEwan(Founder)in
Co-investorsEast Valley VenturesParticleY CombinatorBerg Capital GroupEmles AdvisorsPerpetua Investment Group+2 more
Halifax-based B2B intent data platform that mines public web signals to identify in-market accounts and contacts; acquired by IDG in 2021.
Co-investorsEast Valley VenturesOMERS Ventures
IDC is a technology intelligence firm that provides market research, trend data, and analyst insights to help tech business leaders, IT executives, and investors make informed decisions across multiple technology markets.
AI & Machine LearningData & InfrastructureEnterprise SoftwareMarketing Tech
Co-investorsEast Valley VenturesOMERS Ventures
Proposify is a document platform that enables sales teams to create, send, track, and close deals through proposals, contracts, quotes, and e-signatures.
Enterprise SoftwareMarketing TechSaaSSales Tech
Kyle Racki(Co-founder)inKevin Springer(Co-founder)in
Co-investorsCanadian Business Growth Fund
QRA develops QVscribe and the ReqWriter engine, AI-assisted tools that analyze and rewrite engineering requirements to detect ambiguity, enforce standards like EARS and INCOSE, and improve clarity and compliance.
AI & Machine LearningEnterprise SoftwareSaaS
Jordan Kyriakidis(Founder)in
Co-investorsNewfund CapitalBDC Capital CorporationLockheed Martin Ventures
Swept AI provides runtime supervision, policy enforcement, and monitoring for AI assistants, agentic workflows, and customer-facing AI features, giving security teams real-time visibility and control over AI behavior.
AI & Machine LearningCybersecurityEnterprise SoftwareFuture of Work
Co-investorsID VenturesService Provider CapitalWellington ManagementAfore CapitalAnn Arbor SPARKBDC Capital Corporation+3 more
Ubique Biotech develops AI-designed synthetic reagents (antigen and antibody based) for precision diagnostics used in formats such as ELISA and rapid point-of-care tests.
AI & Machine LearningBiotechMedical Devices
Co-investorsGRIDXExtreme Venture Partners
Exits · 2
2 acquisitions · showing 1LeadSiftacq. by Foundry (IDG)
Portfolio news
latest coverage across their companiesKorrAI · korrai.com · Jun 10, 2026
Swept · swept.ai · Sep 8, 2025
Frequently asked questions
- How many investments has Innovacorp made?
- Innovacorp has 7 tracked investments, 2 of which have exited.
- What stage does Innovacorp invest at?
- Innovacorp invests at the Seed, Series A stages.
- What sectors does Innovacorp focus on?
- Innovacorp focuses on Advanced Manufacturing, AgTech, AI & Machine Learning, Biotech, Cleantech, Climate Tech, Construction Tech, Deep Tech, Defense Tech, Energy, Fintech, FoodTech, Media & Entertainment, PropTech, Space Tech.
- Where is Innovacorp located?
- Innovacorp is headquartered in Halifax, CA.
- Does Innovacorp lead rounds?
- Innovacorp typically participates in rounds rather than leading them.
Media · Podcasts & interviews
from their channelUnearth Opportunity in Nova Scotia's Mining and Critical Minerals Industry
Invest Nova Scotia
Seafood Market Webinar: Doing Business with France and Italy - October 23, 2025
Invest Nova Scotia
Seafood Market Webinar: Doing Business with Spain and The Netherlands — October 21, 2025
Invest Nova Scotia
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