Fundraising Fox

Inovia Capital

Venture capital

Montreal · Pre-Seed–Late Stage · 59 people tracked

Fox Verdict
Sign up to see your fit

Investment thesis

Inovia Capital backs founders building impactful, enduring global companies across three investment strategies — Discovery, Venture, and Growth — with investments ranging from pre-seed through pre-IPO. Leveraging a team of investors, operators, and advisors, the firm supports companies with capital, insights, and mentorship at every stage. Having been active through the internet and mobile technology shifts since the 1990s, Inovia continues to back innovators in emerging technologies, with particular current attention to generative AI.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Late Stage
Check
$250K – $8M
HQ
Montreal, QC, CA
Leads rounds
Follows
Instruments
Equity
Founded
2007
AUM
$2.5B
Tracked investments
102

Team · 59 people

from the firm's website & public directories
François Gauvin· Partnerin𝕏
Mia Morisset· Principalin
Scott Munro· Venture Partnerin𝕏
Andrew Biddell· Analystin
Catherine Zhangin𝕏
Jules Pichette· Analystin𝕏
Kelly Jacques· Associatein𝕏
Noah Nagle· Vice Presidentin
Rania Ajakane· Investorin𝕏
Yoran Beisher· Investorin

What they invest in

from 50 of 102 portfolio companies

SaaS ×27AI & Machine Learning ×21Enterprise Software ×16Fintech ×8Developer Tools ×7Data & Infrastructure ×6Deep Tech ×6Hardware ×6

HQs:United States×17Canada×7United Kingdom×1Kenya×1

Investments · 102 tracked

founders shown can be your intro path
Lightspeed POSNYSE: LSPDSEC filingmedium confidence

Montreal

Rob Williams(Director)Sarah Bettencourt(Executive Officer)Asha Bakshani(Executive Officer)Paul McFeeters(Director)Dax Dasilva(Mr. Dasilva is the Chief Executive Officer of the Issuer.)Merline Saintil(Director)

Board seatPatrick Pichette· per SEC Form D · $180.1M raise · filed May 2021

Neo4jneo4j.comin𝕏✓ verified

Neo4j develops a graph database and graph data platform used to build applications that leverage connected data, with products including AuraDB, Graph Data Science, and vector search for GraphRAG and GenAI use cases.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSan Mateo, US

Lars Nordwall(Executive Officer)Emil Eifrem(Executive Officer, Director)Michael Asher(Executive Officer)Michael Treskow(Director)Emanuel Lang(Director)Christian Jepsen(Director)

Board seatPatrick Pichette· per SEC Form D

Ai Cousticsai-coustics.comin𝕏✓ verified

ai-coustics builds an audio intelligence layer for Voice AI, offering an SDK and APIs that convert raw, real-world audio into stable, machine-ready input running on-device with sub-40 ms latency.

AI & Machine LearningDeep TechDeveloper ToolsSan Francisco, US

Arne Corvin Jaedicke(Executive Officer, Director, Promoter)BORIS GOLDEN(Director)Fabian Helmut Seipel(Executive Officer, Director, Promoter)Sitar Teli(Director)

teaBOTteabot.comin𝕏✓ verified

teaBOT manufactures and operates a robotic tea-brewing machine offered as an amenity service to offices and showrooms across North America.

ConsumerEnterprise SoftwareFuture of WorkHardwareHR TechRoboticsWellness & FitnessToronto, CA

Rehman Merali(Founder)inChris Deutsch(Re-Founder)in

Booksybooksy.com

Booksy is a free mobile app for discovering and booking appointments with beauty and wellness service providers such as barbers, hairdressers, massage therapists, and manicurists.

ConsumerMarketplacesChicago, US

Kai Hansen(Director)Hugues Lalancette(Director)Pavel Mucha(Director)Kristina Salen(Executive Officer)Ripsy Bandourian(Executive Officer)Daniel Ahlstrand(Director)

Board seatHugues Lalancette· per SEC Form D

Busbudbusbud.com

Busbud is a platform that aggregates and enables booking of intercity bus tickets from thousands of bus operators across 80+ countries.

B2B MarketplacesMarketplacesSaaSTravel & HospitalityMontreal, CA

Louis-Philippe Maurice(CEO)Michael Gradek(CTO)Frederic Thouin(Chief Analytics Officer)Erik Blachford(Director)David Burridge(Secretary and VP Finance and Corporate Development)Philippe Vimard(Director)

Board seatMagaly Charbonneau· per SEC Form D

Clearpath Roboticsclearpathrobotics.comin𝕏SEC filingmedium confidence

Clearpath Robotics builds unmanned vehicles and robotics platforms aimed at making robotics research and development easier for its customers.

Deep TechHardwareRoboticsKitchener

Murray Gamble(Director)Karamdeep Nijjar(Director)Bryan Webb(Executive Officer, Director)Stuart Ellman(Director)Matthew Rendall(Executive Officer, Director)Michael Stork(Director)

Board seatKaramdeep Nijjar· per SEC Form D · $30M raise · filed Oct 2016

Nue IOSEC filingmedium confidence

San Mateo, US

Tinglan Kung(Director)Mark Walker(Executive Officer, Director)Brian Keare(Executive Officer)

BoardAlex Millar(Director)Robert Antoniades(Director)

Board seatKaramdeep Nijjar· per SEC Form D · $20M raise · filed Jan 2025

VINN Automotive TechnologiesSEC filingmedium confidence

Vancouver

LEVI CALEB BERNABE(CEO)THOMAS GLEN GREGGS AVANT(Director)CHET KENNETH FLANAGAN(COO)BRADEN BOSCH(Director)

Board seatKaramdeep Nijjar· per SEC Form D · $19.7M raise · filed Mar 2022

WorkFusion (co-invest with Georgian Partners)workfusion.comin𝕏SEC filingmedium confidence

WorkFusion provides AI agents that perform anti-money laundering (AML) and compliance analysis work, including payment sanction screening, alert review, and enhanced due diligence for financial institutions and compliance teams.

AI & Machine LearningEnterprise SoftwareFintechNew York, US

Geoffrey Moore(Director)Justin Lafayette(Director)Marco Iansiti(Director)Vishal Rao(Director)Richard Campbell(Executive Officer)David Hawkins(Director)

Board seatShawn Abbott· per SEC Form D · $13.8M raise · filed Dec 2015

99Ravens99ravens.aiin

99ravens builds tools and a platform for codifying human expertise into software, offering separate products for individual experts, enterprises, and developers.

AI & Machine LearningDeveloper ToolsEnterprise Software

Aikido
Aikido Securityaikido.devin𝕏

Aikido provides integrations that deliver notifications from its security platform directly into team messaging applications.

AI & Machine LearningCybersecurityDeveloper ToolsChicago, US

Willem DelbareinRoeland DelrueinFelix GarriauinLouis JonckheereinMaarten De Schuymerin

AlayaCare
AlayaCare (co-invest with Inovia)alayacare.comin𝕏

AlayaCare provides a cloud-based software platform for home-based care agencies to manage intake, scheduling, care management, billing, and payroll.

Cloud ComputingHealthtechSaaS

AppDirect

Nicolas Desmarais(Cofounder)Daniel Saks(Cofounder)

Armoredthingsarmoredthings.comin𝕏

The page presents content associated with Lambent Spaces, referencing people-counting technology used for space management.

IoTPropTechSaaS

Atom Computingatom-computing.comin𝕏

Atom Computing develops large-scale quantum computers using optically-trapped neutral atoms for on-premises deployment.

Deep TechHardwareQuantum ComputingBerkeley, US

Ben Bloom(Founder & CEO)inDror Berman(Director)Ethan Batraski(Director)

Axle
Bench IQ

Toronto

Jimoh A. Ovbiagele(Executive Officer, Director)Maxim Isakov(Director)Jeffrey W Gettleman(Director)

Benchscibenchsci.comin𝕏
Bettermodebettermode.comin

Bettermode is a no-code community platform that enables teams to build, manage, and measure community engagement.

Marketing TechSaaS

BoardProspects
Botpressbotpress.com
Careguidecareguide.comin𝕏
Cavelocavelo.comin

Cavelo offers a unified cyber risk platform for MSPs, MSSPs, vCISOs and IT teams that combines data exposure management, data discovery and classification, and vulnerability management with AI-driven risk prioritization.

AI & Machine LearningCybersecuritySaaS

Certncertn.coin𝕏
Clearcoclear.coin𝕏

Clearco provides funding to e-commerce businesses based on their sales data and revenue performance.

Direct to ConsumerE-commerceFintech

Michele Romanow(Founder)inTanay Delima(Founder)Ivan Gritsiniak(Founder)in

Coherecohere.ioin𝕏acquired by Ramp

Cohere develops customer engagement software that guides users visually on their screens during support and sales interactions, including over voice and text channels like phone or chat.

AI & Machine LearningEnterprise SoftwareSaaSNew York City, US

Yunyu Lin(Founder)inRahul Sengottuvelu(Founder)in

Cohere Startupcohere.comin𝕏

Cohere builds foundational AI models and enterprise solutions that help businesses automate tasks, accelerate workflows, and enhance decision-making.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareSaaSToronto, CA

Aidan Gomez(Co-founder and CEO)Ivan Zhang(Co-founder)Nick Frosst(Co-founder)

Commercebearcommercebear.com
Conduitconduit.financialin𝕏

Conduit provides infrastructure for global financial transactions, serving clients who need fast and reliable payment processing across different markets and regulatory environments.

Enterprise SoftwareFintechSaaS

Matt Zisow(Founder)

CreditAppcreditapp.ca

CreditApp operates a lending operations platform for Canadian dealers and lenders to originate, verify, and fund loans.

FintechSaaS

DIAMOdiamo.aiin

Diamo provides an all-in-one platform for independent hotels combining dynamic room pricing, digital marketing, and a branded booking engine to increase direct bookings and revenue.

AI & Machine LearningSaaSTravel & Hospitality

Discodisco.coin
Early-Stagenotdiamond.ai
Eideticomeideticom.comin

Eideticom provides hardware accelerators that offload cryptographic, compression, and analytics tasks from CPUs in datacenter infrastructure, improving performance and security for fintech, cloud, and content delivery networks.

Cloud ComputingData & InfrastructureHardware

Enpoweredenpowered.comin𝕏
Enpowered Inc.getenpowered.comin𝕏
Fellowfellow.appin𝕏

Fellow is an AI meeting notetaker that automatically records, transcribes, and summarizes meetings across multiple video conferencing platforms and integrates with CRM systems.

AI & Machine LearningEnterprise SoftwareSaaS

Flareflare.co.ke𝕏

Flare provides software infrastructure and operational support for emergency response teams in government and private sectors, enabling real-time resource management, location tracking, and coordination across multiple agencies to improve response times and effectiveness.

Enterprise SoftwareGovTechSaaSNairobi, KE

Flareflare.xyzin𝕏

Flare is a layer 1 blockchain designed for data-intensive decentralized applications, providing enshrined data protocols and infrastructure for developers building with on-chain data.

Crypto & Web3Data & Infrastructure

Flareflare.systemsin𝕏

Flare provides a threat exposure management platform that scans underground and open sources, including the dark web, to detect and prioritize data leaks and cyber threats.

CybersecuritySaaS

Float
Fractilefractile.aiin

Fractile designs processors for AI acceleration, offering the next generation of computing hardware.

AI & Machine LearningDeep TechHardwareSemiconductorsBristol, GB

Walter Goodwin(Founder & CEO)in

gaiiagaiia.comin𝕏

Gaiia is a platform with developer-focused documentation and APIs designed to help developers build integrations.

Data & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSRemote, US

Marc-André Campagna(Founder)inFrancis Careau(Founder)in

Good Start Labsgoodstartlabs.comin𝕏
Great Questiongreatquestion.coin𝕏

Great Question is a UX research platform that combines participant recruitment, study management, mixed-method research capabilities, and AI-powered analysis in a single system.

Developer ToolsEnterprise SoftwareMarketing TechSaaSSan Francisco, US

Ned Dwyer(Founder / CEO)inPJ Murray(Founder)in

Guestyguesty.comin𝕏

Guesty provides software for hospitality businesses to manage operations and guest experiences across multiple listings.

AI & Machine LearningFuture of WorkPropTechSaaSNew York City, US

Amiad Soto(Founder/CEO)inKoby Soto(Founder/CTO)inNatalie Refuah(Director)Vered Raviv Schwarz(Executive Officer)Tzafrir Shahar(Director)Daniel O'Keefe(Director)

Hopperhopper.com
InfinitySPMinfinityspm.com

infinitySPM is a Sales Performance Management solution built on the OneStream platform that unifies corporate performance management (CPM) and SPM, covering sales planning, territory and quota optimization, account segmentation, and automated commission and incentive calculation.

Enterprise SoftwareSaaSSales Tech

Jaidejaide.healthin

Jaide Health provides an AI-driven, HIPAA-compliant interpretation and translation service that enables real-time communication between healthcare organizations and their limited English proficiency (LEP) patients.

AI & Machine LearningDigital HealthHealthtech

Katalyze AI
Lambentlambent.com

Lambent is a coaching and business skills training company that trains and certifies executive coaches and provides coaches for businesses internationally.

EdTechFuture of WorkHR TechSutton, US

Richard Scannell(Director)Tom Axbey(Director)Julie Roberts(Director)Nathan Mee(Director)Mike Downing(Director)Julie Johnson(Executive Officer, Director)

Landbaselandbase.comin𝕏
Larkhospitalitylarkhospitality.com
Lightspeed
Lightspeedhqlightspeedhq.comin𝕏

Lightspeed provides a point-of-sale and payments platform that lets retail and hospitality businesses sell in person, online, and on social channels from one connected system.

FintechRetail TechSaaS

Medeloopmedeloop.ai

Medeloop develops AI agents that automate research and clinical analytics workflows for healthcare organizations.

AI & Machine LearningHealthtechMedical DevicesMenlo Park, US

Rene Caissie(Executive Officer, Director)Joshua Walonoski(Executive Officer)Raghav Samavedam(Executive Officer)

BoardMagaly Charbonneau(Director)Amir Dan Rubin(Director)Elena Viboch(Director)

Modem

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Frequently asked questions

What stage does Inovia Capital invest at?
Inovia Capital invests at the Pre-Seed, Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is Inovia Capital's typical check size?
Inovia Capital typically writes checks of $250K – $8M.
What sectors does Inovia Capital focus on?
Inovia Capital focuses on AI & Machine Learning, Cybersecurity, Deep Tech, Developer Tools, Enterprise Software, Fintech, Healthtech, SaaS, Sector Agnostic.
Where is Inovia Capital located?
Inovia Capital is headquartered in Montreal, CA.
Does Inovia Capital lead rounds?
Inovia Capital typically participates in rounds rather than leading them.

Co-investors · 154

Felicis Ventures

Felicis Ventures is an early-stage venture capital firm that has backed founders for over 20 years, leading or co-leading the majority of its investments across seed and Series A rounds.

$500K – $15M
Bessemer Venture Partners

Bessemer Venture Partners is a venture capital firm that partners with entrepreneurs from early stages through every stage of growth, publishing investment roadmaps across multiple technology sectors.

$5M – $100M
Golden Ventures

Golden Ventures is a seed-stage venture capital firm that backs early-stage technology companies, with a portfolio concentrated in Canada.

Both backed · 3
BenchsciEnpoweredNeo Financial
$500K – $2.5M
Redpoint Ventures

Redpoint Ventures is a venture capital firm established in 1999 by former partners from leading venture firms, focusing on early-stage technology companies across multiple sectors. The firm leverages its partners' technology investment experience and an extensive network of entrepreneurs and industry contacts to support portfolio company growth.

Both backed · 2
PoolsideWealthsimple
$100K – $10M
B Capital Group

B Capital Group is a global venture capital firm that backs founders from early to late stage, with dedicated stage-based funds and a portfolio spanning technology, healthcare, and energy and resilience sectors.

Both backed · 2
PoolsideCertn
$10M – $50M
Greycroft

Greycroft is a venture capital firm that partners with founders across multiple industries and geographies, investing in software, sustainability, and consumer brands.

$500K – $10M
Afore Capital

Afore Capital is a $500M pre-seed venture fund that invests in pre-traction, early-stage companies, leveraging product and investment expertise to support founders from day zero.

Both backed · 2
NeoBenchsci
$500K – $2M
F-Prime Capital Partners

F-Prime Capital Partners is a venture capital firm whose team of scientists, engineers, physicians, operators, and investors supports companies in scaling and accelerating growth.

Both backed · 2
Neo4jBenchsci
$3M – $10M
Moxxie Ventures

Moxxie Ventures is an early-stage venture firm backing founders building software and smart systems that address meaningful problems, investing at the pre-seed and seed stages.

Both backed · 2
$500K – $2M
White Star Capital

White Star Capital is a global multi-stage technology investment platform that partners with founders across multiple markets to help them scale internationally from founding through exit.

Both backed · 2
FlareNovisto Montreal, Canada
$500K – $7M
Mithril Capital Management

Mithril Capital Management invests in and partners with teams using technology to build lasting, valuable businesses, often in industries overdue for transformation.

Both backed · 2
AppDirectSan Francisco, CA
Panache Ventures

Panache Ventures is a Canadian pre-seed venture fund that backs technology founders across all sectors, often as the first institutional investor on the cap table, providing hands-on operator support.

Both backed · 2
CertnEnpowered
$1.5M
142 more co-investors

Andreessen HorowitzGeneral CatalystKhosla VenturesGreylock PartnersUncork CapitalInsight PartnersFirst Round CapitalBoxGroupBattery VenturesRRE VenturesOak HC/FTVenrockRidge VenturesWEEKENDIntel CapitalTribe Capital FirstlookDigital Currency GroupDecibel PartnersValar Ventures LlcCollaborative Fund (Collab Fund)WestWave CapitalMaven VenturesBlumberg CapitalPrime Movers LabThomson Reuters VenturesDTCPConcrete VenturesSequoia CapitalAccelTechstarsFounder CollectiveFJ LabsSpark CapitalKrakenTrue VenturesEniac VenturesSOSVACME CapitalFirstMarkLiquid VenturesNextView VenturesForerunner VenturesPrecursor VenturesAccel-KKRCaffeinated CapitalLookout VenturesEmergence Capital PartnersKapor CapitalFlybridge Capital PartnersStellar CapitalBonfire VenturesPractical Venture CapitalIA VenturesQED InvestorsTrinity VenturesRed Swan VenturesRevolutionTrajectory VenturesLerer HippeauOperator LPThrive CapitalBase10 PartnersDCM VenturesHanabi CapitalQueensBridge Venture PartnersBAM VenturesKortschak Investments L.P.Tq Ventures LlcLightbank500 StartupsHustle FundAntlerPrimary Venture PartnersEclipse VenturesBetaworks Ventures Management, LlcBrainchild HoldingsPelion Venture PartnersLOI Venture8-Bit CapitalComcast VenturesTCVTribeca Venture PartnersWildcat Venture PartnersTeamworthy VenturesSpider CapitalHighland Capital PartnersGiant Ventures Global LlpCapital FactoryAccelerator VenturesFikaContrary CapitalVitalStage VenturesBDC Venture CapitalPhoenix CourtConstruct CapitalNotation CapitalStructure CapitalThomvest VenturesTrucks VCRoot Ventures Manager, LlcContour Venture Partnersmuru-DPaladin Capital GroupCherubic VenturesJump CapitalWestCapLearn CapitalWestern Technology InvestmentAtreides ManagementCultivation CapitalPenny Jar Capital VentureMetamorphic VenturesPitbull VenturesDeep Fork CapitalKohala VenturesZintinusCSC Venture CapitalGPO FundRevel PartnersHighline BetaNorthside VenturesM25Third SphereAlpine MeridianC2 VenturesAperiam VenturesLaconiaIA Capital GroupDeeptech LabsMagnetic VenturesUnderline VentureshumbitionDERIVE VENTURESHaystackSaltagen VenturesActivate Venture PartnersClimentum CapitalFlori VenturesRasmal VenturesMcRock CapitalMatterScale VenturesOcean Azul Partners

Firms observed investing alongside Inovia Capital, from public investor directories. Shared companies are the overlap with Inovia Capital's recorded portfolio.

Similar investors

Featured in lists