# Inovia Capital: portfolio, investments and team > Inovia Capital is a vc firm based in Canada. 324 investments on record, 44 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/inovia-capital (Millionrounds; every figure on the page links to its filing or article) Canada · [Investor](https://millionrounds.com/investors) # Inovia Capital Last cheque observed Sep 2026; 324 cheques on record. Deploying now New fund $127M, Oct 2021 VC firm Seed Series A Series B Subscription SaaS Collaboration Tools Deploying now **86%** of best year **44** **cheques in 12 months**, 324 on record Since the last cheque **35** days **00** hrs **00** min **00** sec Median round **$11M** Cheque size, as they say **$100K – $50M** Rounds led **8 of 324** Sole investor **29 rounds** Exits **14 from the portfolio** Mostly in **Canada, 36%** Pitch Inovia Capital ## Inovia Capital highlights - 01 44 cheques in the last 12 months - 02 Mostly Seed and Series A: 55% of its rounds - 03 Sole investor in 29 rounds, median $2.4M - 04 14 exits from the portfolio ## What they do > Inovia Capital is the leading full-stack venture capital firm anchored in Canada, with an established presence in the EU. From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** $100K – $50M as they say - **Stages:** Seed Series A Series B Growth Pre-IPO - **Sectors:** Subscription SaaS Collaboration Tools - **Based in:** Montreal, Canada - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **324 appearances** - **2026** 38 rounds - **Sept** **[Feldera](https://millionrounds.com/company/feldera)** Seed · US · TechStartups **$22M** *Led* - **Sept** **[Delos](https://millionrounds.com/company/delos)** Series A · FR **$12M** With 3 others - **Sept** **[Branch Energy](https://millionrounds.com/company/branch-energy)** Series B · US **$33M** With 2 others - **Aug** **[Peripheral Labs](https://millionrounds.com/company/peripheral-labs)** Seed · CA · BetaKit **$8.7M** *Led* - **Aug** **[Super.com](https://millionrounds.com/company/super-com)** Series D · US · Ventureburn **$65M** With 4 others - **Jul** **[Katalyze AI](https://millionrounds.com/company/katalyze-ai)** Seed · US · TechStartups **$11M** With 5 others - **Jul** **[StrongestLayer](https://millionrounds.com/company/strongestlayer)** Seed · US **$4.1M** With 2 others - **Jul** **[Cybeats Technologies](https://millionrounds.com/company/cybeats-technologies)** CA **$1.4M** With 2 others - **Jul** **[Rewind](https://millionrounds.com/company/rewind)** Growth · CA **$65M** With 3 others - **Jul** **[Nexcade](https://millionrounds.com/company/nexcade)** Seed · GB **$6.0M** With 4 others - **Jul** **[Paraito](https://millionrounds.com/company/paraito)** Pre-seed · CA **$1.9M** With 1 other - **Jun** **[Talentir](https://millionrounds.com/company/talentir)** Seed · AT · Tenity **$4.5M** *Led* - **Jun** **[Float Financial](https://millionrounds.com/company/float-financial)** Series C · CA **$60M** With 4 others - **May** **[gaiia](https://millionrounds.com/company/gaiia)** Series B · Ventureburn **$40M** With 1 other - **May** **[Relay](https://millionrounds.com/company/relay)** Growth · US · Ventureburn **$50M** With 4 others - **May** **[Fractile](https://millionrounds.com/company/fractile)** Series B · GB · Ventureburn **$220M** With 9 others - **May** **[Ranger AI](https://millionrounds.com/company/ranger-ai)** Seed · US **$8.4M** With 3 others - **May** **[ProteinQure](https://millionrounds.com/company/proteinqure)** Grant · CA **$1.8M** With 4 others - **May** **[Novisto](https://millionrounds.com/company/novisto)** Venture · CA **Undisclosed** With 3 others - **Apr** **[Zellify](https://millionrounds.com/company/zellify)** Seed · SE **$3.6M** With 4 others - **Apr** **[Handhold](https://millionrounds.com/company/handhold)** Seed · EE **$3.5M** Sole investor - **Mar** **[Lambent](https://millionrounds.com/company/lambent)** Series A · US **$12M** With 3 others - **Mar** **[Bloom AI](https://millionrounds.com/company/bloom-ai)** Venture · US **$3.7M** With 3 others - **Mar** **[xmemory](https://millionrounds.com/company/xmemory)** Pre-seed · GB **$4.0M** With 1 other - **Mar** **[Spellbook](https://millionrounds.com/company/spellbook)** Debt · CA **$40M** With 3 others - **Feb** **[Neo Financial](https://millionrounds.com/company/neo-financial)** Series D · CA **$50M** With 5 others - **Feb** **[Belfort](https://millionrounds.com/company/belfort)** Venture · US **Undisclosed** With 1 other - **Feb** **[LabGenius](https://millionrounds.com/company/labgenius)** Venture · GB **$64K** With 3 others - **Feb** **[Toyo](https://millionrounds.com/company/toyo)** Seed · GB **$4.1M** With 2 others - **Feb** **[Modem](https://millionrounds.com/company/modem)** Pre-seed · CA **$4.4M** Sole investor - **Feb** **[AlayaCare](https://millionrounds.com/company/alayacare)** Debt · CA **$50M** With 2 others - **Jan** **[Aikido](https://millionrounds.com/company/aikido)** Series B · BE · TechStartups **$60M** With 4 others - **Jan** **[Fractile](https://millionrounds.com/company/fractile)** Venture · GB **$23M** With 2 others - **Jan** **[AON3D](https://millionrounds.com/company/aon3d)** Venture · CA **Undisclosed** With 4 others - **Jan** **[Photonic](https://millionrounds.com/company/photonic)** Growth · CA · Firms' own news pages **$131M** With 7 others - **Jan** **[Nano Corp](https://millionrounds.com/company/nano-corp)** Venture · FR **Undisclosed** With 1 other - **Jan** **[Sentra](https://millionrounds.com/company/sentra)** Seed · US **$5.0M** With 1 other - **Jan** **[SOLVE](https://millionrounds.com/company/solve)** Seed · GB **$5.4M** With 2 others - **2025** 35 rounds - **Dec** **[Cybeats Technologies](https://millionrounds.com/company/cybeats-technologies)** CA **$876K** With 1 other - **Dec** **[Macrocosm](https://millionrounds.com/company/macrocosm)** Pre-seed · US **$2.8M** Sole investor 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 Named by the firm itself, on a filing, its Form ADV or its company registration **2 named** CA **Chris Arsenault** President of the General Partner i Filing they signed FG **Francois Gauvin** Vice-President of the General Partner i Filing they signed We also hold **39** 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. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **Exempt** reporting adviser venture or small private funds - **Legal name:** Inovia Capital Inc. - **SEC number:** CRD 340267 Who backs their funds ## 9 LPs on record in Inovia Capital's funds - **Funds:** 2 The institutions that put money into its funds, which the firm then invests in companies. Source: fund news. - [**BDC Capital** 2 funds](https://millionrounds.com/fund/bdc-venture-capital) Fund Vintage Committed Inovia Capital Fund VI - - Inovia Capital Inovia Capital Fund VI - - - [**GO Capital Fund** 2 funds](https://millionrounds.com/fund/investissement-quebec) Fund Vintage Committed Inovia Capital Inovia Capital Fund VI - - Inovia Capital Fund VI - - - [**Fondaction** 2 funds](https://millionrounds.com/fund/fondaction) Fund Vintage Committed Inovia Capital Fund VI - - Inovia Capital Inovia Capital Fund VI - - - [**Teralys Capital** 2 funds](https://millionrounds.com/fund/teralys-capital) Fund Vintage Committed Inovia Capital Inovia Capital Fund VI - - Inovia Capital Fund VI - - - [**Fonds de solidarite Ftq** 2 funds](https://millionrounds.com/fund/fonds-de-solidarite-ftq) Fund Vintage Committed Inovia Capital Fund VI - - Inovia Capital Inovia Capital Fund VI - - - [**La Caisse de dépôt et placement du Québec** 1 fund](https://millionrounds.com/fund/la-caisse-de-depot-et-placement-du-quebec) Fund Vintage Committed Inovia Capital Fund VI - - - [**Lacaisse** 1 fund](https://millionrounds.com/fund/lacaisse) Fund Vintage Committed Inovia Capital Inovia Capital Fund VI - - - [**Canadian Imperial Bank of Commerce** 1 fund](https://millionrounds.com/fund/canadian-imperial-bank-of-commerce) Fund Vintage Committed Inovia Capital Fund VI - - - [**CIBC** 1 fund](https://millionrounds.com/fund/cibc) Fund Vintage Committed Inovia Capital Inovia Capital Fund VI - - ## Exits from the portfolio Companies it backed that were later bought or listed **14 in all** **[Empire Avenue](https://millionrounds.com/company/empire-avenue)** Bought by PeopleBrowsr **Undisclosed** Sept 2015 **[Fixmo](https://millionrounds.com/company/fixmo)** Bought by [Good Technology](https://millionrounds.com/fund/good-technology) **Undisclosed** Jun 2014 **[Media Armor](https://millionrounds.com/company/media-armor)** Bought by Nomi **Undisclosed** Mar 2014 **[Basis Science](https://millionrounds.com/company/basis-science)** Bought by [Intel](https://millionrounds.com/fund/intel) **$100M** Mar 2014 **[Barosense](https://millionrounds.com/company/barosense)** Bought by [Boston Scientific](https://millionrounds.com/fund/boston-scientific) **Undisclosed** Jul 2013 **[MileWise](https://millionrounds.com/company/milewise)** Bought by [Yahoo!](https://millionrounds.com/fund/yahoo) **Undisclosed** May 2013 **[Localmind](https://millionrounds.com/company/localmind)** Bought by [Airbnb](https://millionrounds.com/fund/airbnb) **Undisclosed** Dec 2012 **[BufferBox](https://millionrounds.com/company/bufferbox)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **$17M** Nov 2012 **[Vizu Corporation](https://millionrounds.com/company/vizu-corporation)** Bought by Nielsen Holdings **Undisclosed** Jul 2012 **[Tynt](https://millionrounds.com/company/tynt)** Bought by 33Across **Undisclosed** Jan 2012 **[Babble](https://millionrounds.com/company/babble)** Bought by [The Walt Disney Company](https://millionrounds.com/fund/the-walt-disney-company) **$40M** Nov 2011 **[OggiFinogi](https://millionrounds.com/company/oggifinogi)** Bought by [Collective](https://millionrounds.com/fund/collective) **Undisclosed** Feb 2011 **[Standout Jobs](https://millionrounds.com/company/standout-jobs)** Bought by Talent Technology **Undisclosed** Oct 2010 **[Airborne Mobile](https://millionrounds.com/company/airborne-mobile)** Bought by Bandsintown Group **Undisclosed** Oct 2010 An exit counts when it came after the firm's first round in the company. From historical deal records. New fund on file **$127M** raised in Oct 2021 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$11M** the round, not its cheque Alone, median **$2.4M** Led 8 of 324 rounds **2%** - **Said size:** $100K – $50M - **Sole investor:** 29 rounds - **Last cheque:** Sept 2026 - **Exits:** 14 from the portfolio Rounds by stage said on their site - Seed said *80* - Series A said *70* - Series B said *54* - Venture *52* - Series C *15* - Growth said *-* - Pre-IPO said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 22 - [FJ Labs](https://millionrounds.com/fund/fj-labs) 17 - [Real Ventures](https://millionrounds.com/fund/real-ventures-2) 16 - [Greycroft](https://millionrounds.com/fund/greycroft) 15 - [Y Combinator](https://millionrounds.com/fund/y-combinator) 14 - [Felicis](https://millionrounds.com/fund/felicis-ventures) 11 **Pitching Inovia Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Inovia Capital. A count of rooms they were both in, not a relationship either has claimed. [**BDC Capital** VC firm **22** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**FJ Labs** VC firm **17** rounds together](https://millionrounds.com/fund/fj-labs)[**Real Ventures** Family office **16** rounds together](https://millionrounds.com/fund/real-ventures-2)[**Greycroft** VC firm **15** rounds together](https://millionrounds.com/fund/greycroft)[**Y Combinator** Accelerator **14** rounds together](https://millionrounds.com/fund/y-combinator)[**Felicis** VC firm **11** rounds together](https://millionrounds.com/fund/felicis-ventures)[**Garage Capital** VC firm **10** rounds together](https://millionrounds.com/fund/garage-capital-2)[**8VC** VC firm **8** rounds together](https://millionrounds.com/fund/8vc)[**Accel** VC firm **8** rounds together](https://millionrounds.com/fund/accel)[**Export Development Canada** Government **8** rounds together](https://millionrounds.com/fund/export-development-canada)[**Alumni Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Golden Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/golden-ventures) ## Recently backed The latest companies Inovia Capital put money into. [**Feldera** $22M · Sept 2026](https://millionrounds.com/company/feldera)[**Delos** $12M · Sept 2026](https://millionrounds.com/company/delos)[**Branch Energy** $33M · Sept 2026](https://millionrounds.com/company/branch-energy)[**Peripheral Labs** $8.7M · Aug 2026](https://millionrounds.com/company/peripheral-labs)[**Super.com** $65M · Aug 2026](https://millionrounds.com/company/super-com)[**Katalyze AI** $11M · Jul 2026](https://millionrounds.com/company/katalyze-ai) ## Mentioned on podcasts Episodes that name Inovia Capital in their description, not their title. - [The BetaKit Podcast](https://millionrounds.com/podcasts/betakit) 17 Nov 2024 · 34 min Inovia's Chris Arsenault on the state of Canadian software With [Chris Arsenault](https://millionrounds.com/person/chris-arsenault) Mentions [Inovia Capital](https://millionrounds.com/fund/inovia-capital) Apple PodcastsShow page ## Quick answers about Inovia Capital ### What does Inovia Capital invest in? Inovia Capital invests most often at Seed and Series A (55% of the rounds on record), in sectors such as Subscription, SaaS and Collaboration Tools. ### How active is Inovia Capital? 324 investments on record, 44 of them in the last 12 months, and it led 8. The most recent was in Sept 2026. ### What has Inovia Capital invested in recently? Its most recent investments on record: Feldera (Seed, Sept 2026), Delos (Series A, Sept 2026) and Branch Energy (Series B, Sept 2026). ### How big are Inovia Capital's cheques? The median round it joins is $11M. It says it writes cheques of $100K to $50M. ### Does Inovia Capital lead rounds? Sometimes: it led 8 of its 324 investments on record (2%). ### Where does Inovia Capital invest? Most of the companies it backs are in Canada (36%), the United States (31%) and the United Kingdom (18%). ### Is Inovia Capital investing now? Yes: it is actively investing, with 44 investments in the last 12 months. ### Who does Inovia Capital invest alongside? Most often BDC Capital (22 rounds together), FJ Labs (17 rounds together) and Real Ventures (16 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=inovia-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=inovia-capital)