# Spare funding: rounds and investors

> Spare has raised $31M across 1 round since 2024. Investors include Inovia Capital, Ridge Ventures and Translink Capital. Every round with its source.

Source: https://millionrounds.com/company/spare (Millionrounds; every figure on the page links to its filing or article)

Canada · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Spare*

One round we have observed, with the 6 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI

Funding summary Updated 26 Oct 2026

**$31M** raised across 1 round since 2024, from 1 source

- **Latest round:** Series B, $31M Sept 2024
- **Investors:** 6

See who backed them

## The rounds

- **Sept 2024** Series B **$31M** [Inovia Capital](https://millionrounds.com/fund/inovia-capital) [Ridge Ventures](https://millionrounds.com/fund/ridge-ventures) [Translink Capital](https://millionrounds.com/fund/translink-capital) [CIBC](https://millionrounds.com/fund/cibc) [CIBC Innovation Banking](https://millionrounds.com/fund/cibc-innovation-banking) [Mitsubishi Corporation](https://millionrounds.com/fund/mitsubishi-corporation) Source recorded

## Everyone who backed them

[Inovia Capital](https://millionrounds.com/fund/inovia-capital) VC firm **1** round

[Ridge Ventures](https://millionrounds.com/fund/ridge-ventures) VC firm **1** round

[Translink Capital](https://millionrounds.com/fund/translink-capital) VC firm **1** round

[CIBC](https://millionrounds.com/fund/cibc) VC firm **1** round

[CIBC Innovation Banking](https://millionrounds.com/fund/cibc-innovation-banking) VC firm **1** round

[Mitsubishi Corporation](https://millionrounds.com/fund/mitsubishi-corporation) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=spare).

## Quick answers about Spare

### Who invested in Spare?

Spare's investors include Inovia Capital, Ridge Ventures, Translink Capital, CIBC and CIBC Innovation Banking, and 1 more on record.

### How much has Spare raised?

Spare has raised $31M across 1 round since 2024.

### When did Spare last raise?

Spare's most recent round was a Series B of $31M in Sept 2024.

### What was Spare's biggest round?

Its most recent round, $31M in Sept 2024, is also its largest on record.

### Who backed Spare first?

Spare's first round on record, in Sept 2024, was backed by Inovia Capital, Ridge Ventures and Translink Capital and 3 others.

### What stage is Spare at?

Spare's latest named round is a Series B, in Sept 2024.

### Where is Spare based?

Spare is based in Canada.

## Companies like Spare

In the same sector, and raised in the last eighteen months.

[**Quminex** $1.1M · Oct 2026](https://millionrounds.com/company/quminex)[**Biossil** $153M · Sept 2026](https://millionrounds.com/company/biossil)[**Astrus** $20M · Sept 2026](https://millionrounds.com/company/astrus)[**Altis Labs** $31M · Sept 2026](https://millionrounds.com/company/altis-labs)[**Thri5** $5.4M · Sept 2026](https://millionrounds.com/company/thri5)[**LawZero** $215M · Sept 2026](https://millionrounds.com/company/lawzero)

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