# Innovacorp: portfolio, investments and team

> Innovacorp is a vc firm based in Canada. 13 investments on record, latest Sept 2013. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/innovacorp-2 (Millionrounds; every figure on the page links to its filing or article)

Canada · [Investor](https://millionrounds.com/investors)

# Innovacorp

Last cheque observed Sep 2013. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet VC firm

Pre-seed Seed Series A Gaming Information Technology

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 13 on record

Since the last cheque **4795** days **00** hrs **00** min **00** sec

Median round **$1.1M** Rounds led **0 of 13** Sole investor **3 rounds** Mostly in **Canada, 77%**

Pitch Innovacorp

## Innovacorp highlights

- 01 13 rounds on record
- 02 Mostly Seed and Series A: 69% of its rounds
- 03 Sole investor in 3 rounds, median $256K

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Gaming Information Technology
- **Based in:** Halifax, Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **13 appearances**

- **2013** 3 rounds
- **Sept** **[Performance Genomics](https://millionrounds.com/company/performance-genomics)** Growth · CA · entrevestor.com **$250K** Sole investor
- **Jun** **[Medusa Medical Technologies](https://millionrounds.com/company/medusa-medical-technologies)** Growth · CA · entrevestor.com **$900K** With 1 other
- **Jun** **[Karma Gaming](https://millionrounds.com/company/karma-gaming)** Series A · GB · karmagaming.com **$4.0M** With 2 others
- **2012** 6 rounds
- **Nov** **[LeadSift](https://millionrounds.com/company/leadsift)** Seed · CA · techcrunch.com **$1.1M** With 7 others
- **Nov** **[LightSail Energy](https://millionrounds.com/company/lightsail-energy)** Series D · US · finsmes.com **$37M** With 2 others
- **Oct** **[TitanFile](https://millionrounds.com/company/titanfile)** Seed · CA · finsmes.com **$1.1M** With 1 other
- **Oct** **[InNetwork](https://millionrounds.com/company/innetwork)** Seed · CA **$490K** With 1 other
- **Jan** **[CarbonCure Technologies](https://millionrounds.com/company/carboncure-technologies)** Series A · CA · innovacorp.ca **$1.6M** With 4 others
- **Jan** **[LIVELENZ](https://millionrounds.com/company/livelenz)** Series A · CA · innovacorp.ca **$980K** Sole investor
- **2011** 1 round
- **Aug** **[TitanFile](https://millionrounds.com/company/titanfile)** Seed · CA · innovacorp.ca **$256K** Sole investor
- **2010** 1 round
- **Jan** **[Oris4](https://millionrounds.com/company/oris4)** Seed · US **$3.0M** With 1 other
- **2006** 1 round
- **Aug** **[Medusa Medical Technologies](https://millionrounds.com/company/medusa-medical-technologies)** Venture · CA · encyclopedia.com **$4.0M** With 2 others
- **2005** 1 round
- **Feb** **[Diaphonics](https://millionrounds.com/company/diaphonics)** Series A · CA **$2.9M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **5** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## The cheque

Pre-seed Seed Series A

Median round joined **$1.1M** the round, not its cheque Alone, median **$256K**

Led 0 of 13 rounds **0%**

- **Sole investor:** 3 rounds
- **Last cheque:** Sept 2013

Rounds by stage said on their site

- Seed said *5*
- Series A said *4*
- Growth said *2*
- Series D *1*
- Venture *1*
- Pre-seed said *-*
- Series B said *-*

Cheques by year Led Joined

2005 2013

Often in the room with

- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 2
- [Canadian International Capital](https://millionrounds.com/fund/canadian-internati) 2
- [East Valley Ventures](https://millionrounds.com/fund/east-valley-ventures) 2

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## Who they invest alongside

The investors most often in the same rounds as Innovacorp. A count of rooms they were both in, not a relationship either has claimed.

[**BDC Capital** VC firm **2** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Canadian International Capital** Private equity **2** rounds together](https://millionrounds.com/fund/canadian-internati)[**East Valley Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/east-valley-ventures)

## Quick answers about Innovacorp

### What does Innovacorp invest in?

Innovacorp invests most often at Seed and Series A (69% of the rounds on record), in sectors such as Gaming and Information Technology.

### How active is Innovacorp?

13 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2013.

### How big are Innovacorp's cheques?

The median round it joins is $1.1M.

### Does Innovacorp lead rounds?

Rarely, if at all: none of its 13 investments on record names it as the lead.

### Where does Innovacorp invest?

Most of the companies it backs are in Canada (77%), the United States (15%) and the United Kingdom (8%).

### Is Innovacorp investing now?

No investments in the last 12 months; the latest was in Sept 2013.

### Who does Innovacorp invest alongside?

Most often BDC Capital (2 rounds together), Canadian International Capital (2 rounds together) and East Valley Ventures (2 rounds together).

### What kind of investor is Innovacorp?

Innovacorp is a VC firm based in Halifax, Canada.

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