iNovia Capital

Investor - Venture Capital

Overview

Venture Capital firm iNovia Capital invests in early stage companies involved in digital services typically located in North America.

Country: Canada

Founded: 2007

Headquarters: Montreal, Quebec

(514) 982-2251

Investment Strategy

Geography

  • North America
  • Asia

Sector Focus

  • Funding Platforms
  • RegTech
  • Payments and Remittances
  • Infrastructure and Enterprise Software
  • Data and Analytics

Investment Stage

  • Seed
  • Early Stage Venture
  • Later Stage Venture
  • Series A
  • Series B
  • Series C

Summary

Investing in early stage companies, iNovia Capital, searches for founders who are are visionary entrepreneurs looking to build the next generation of digital platforms and services. They strive to build the future by solving problems in valuable markets. Striving to be the most trusted and accessible partner to their partners, iNovia Capital, is motivated to find the best entrepreneurs so they can successfully support them throughout their journey.  They are headquartered in Canada, and invest across North America with team members in Montreal, Toronto/Waterloo, Calgary, San Francisco and New York.

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Investments

Date

Name

Size

Round

Co-Investors

Sector

Country

April 2016

CFX Markets

$7m Pre-Money

Convertible Note

  Alan Matthew

Funding Platforms

United States

January 2016

Thirdshelf

$800k

Seed

Otimo Retail & David Nault

Data and Analytics

Canada

December 2015

WorkFusion

$14m

Series C

  Nokia Growth Partners

RegTech

United States

October 2015

AppDirect

$140m

Series E

  Foundry Group

Infrastructure and Enterprise Software

United States

September 2015

Lightspeed POS

$61m

Series C

  Caisse de Depot et Placement du Quebec

Payments and Remittances

Canada

May 2015

Granify

$9m

Series A

  Valar Ventures, Social Starts

Data and Analytics

Canada

April 2015

TrackTik

$1.5m

Seed

Klass Capital & David Nault

RegTech

Canada

September 2014

Lightspeed POS

$35m

Series B

Accel Partners & Chris Arsenault

Payments and Remittances

Canada

April 2014

WorkFusion

$15m

Series B

  Mohr Davidow Ventures

RegTech

United States

April 2014

AppDirect

$35m

Series C

  Mithril Capital Management

Infrastructure and Enterprise Software

United States

November 2013

Grantify

$1.5m

Seed

  Valar Ventures

Data and Analytics

Canada

September 2013

AppDirect

$9m

Series B

StarVest Partners & Chris Arsenault

Infrastructure and Enterprise Software

United States

July 2013

WorkFusion

$5m

Series A

  Greycroft Partners

RegTech

United States

October 2012

PEX Card

$3.2m

Series B

  Augury Capital

Payments and Remittances

United States

August 2012

Granify

undisclosed

Venture

  BDC Venture Capital

Data and Analytics

Canada

July 2012

AppDirect

$8.5m

Series A

Stingray & Chris Arsenault

Infrastructure and Enterprise Software

United States

July 2012

Lightspeed POS

$30m

Series A

Accel Partners & Chris Arsenault

Payments and Remittances

Canada

May 2012

Lenddo

$8m

Series A

  Accel Partners

Data and Analytics

China

April 2011

AppDirect

$3.25m

Seed

Stingray & Chris Arsenault

Infrastructure and Enterprise Software

United States

April 2010

PEX Card

$800k

Venture

New York Angels & Geoff Judge

Payments and Remittances

United States

February 2005

Callio Technologies

$1.25m

Venture

Innovatech Quebec

RegTech

Canada

Funds Raised

Vintage

Fund Name

Amount

2016

iNovia Investment Fund 2015

$123.64m

2011

iNovia Fund III

$110.65m

2007

iNovia Fund II

$112m

Key Employees

Chris Arsenault
Managing Partner

Shawn Abbott
Partner

Geoff Judge
Partner

Francois Gauvin
Partner & CFO

Karamdeep Nijjar
Partner

David Nault
Principal