iNovia Capital

Inovia Capital is a venture capital firm based in Montreal, Canada, founded in 2007. The firm specializes in early-stage investments across various sectors, including software, healthcare, digital media, e-commerce, and telecommunications. Inovia focuses on both business-to-business and business-to-consumer companies, particularly in areas such as software-as-a-service, digital health, and enterprise platforms. With over $1 billion in assets across early and growth stage funds, Inovia provides not only capital but also coaching and access to talent, aiming to support passionate tech founders with global ambitions. The firm invests primarily in North America and Europe, targeting companies that have the potential to transform complex industries like financial services, healthcare, and transportation.

Shawn Abbott

General Partner

Rania Ajakane

Associate

Arianne Angers

Associate

Pascale Archambault

Vice President

Alex Behal

Vice President

Andrew Biddell

Associate

Charlotte Borgognoni

Associate

Humphrey Chan

Investor

Magaly Charbonneau

Partner

Steven Chung

Vice President

Alysaa Co

Associate

Etienne Gauthier

Associate

François Gauvin

Partner

Patrick Ghoche

CFO

Raif Jacobs

Partner

Kelly Jacques

Associate

Dennis Kavelman

Partner

Phoebe Kitchen

Principal

Stephen Lopes

Investor

Henri-Charles Machalani

Investor

Taha Mubashir

Principal

Noah Nagle

Associate

Karamdeep Nijjar

Partner

Gabriele Papievyte

Associate

Jules Pichette

Associate

Gian Carlo Di Tommaso

Investor

Steven G Woods

Partner and CTO

Catherine Zhang

Investor

Past deals in Montreal

Flare

Series A in 2022
Flare Systems Inc is a cybersecurity company based in Montreal, Canada, established in 2017. It specializes in developing tools designed to assist financial institutions and other organizations in safeguarding their data from cyber threats. The company offers a dark net monitoring system that provides valuable intelligence to information security and fraud management teams at banks. By aggregating data from various sources, including stolen information broadcasts, private forum discussions, chat posts, and cryptocurrency transactions, Flare combines this information with criminological research to deliver actionable insights. Its platform effectively monitors activities across various threat landscapes, enabling teams to connect the chains of attack related to phishing, money laundering, and other fraudulent activities, thus helping to prevent costly data breaches before they occur.

Hopper

Secondary Market in 2022
Hopper Inc. is a travel technology company that has developed a mobile application leveraging big data to predict and analyze airfare and hotel prices. Founded in 2007 and headquartered in Montreal, Canada, with additional offices in Cambridge, Massachusetts, New York, New York, and Sofia, Bulgaria, Hopper assists travelers in securing the best deals by providing timely notifications when flight and accommodation prices reach their predicted lowest points. By offering data-driven travel recommendations, Hopper enhances the booking experience for users, enabling them to make informed decisions and save money on their journeys.

Hopper

Series F in 2021
Hopper Inc. is a travel technology company that has developed a mobile application leveraging big data to predict and analyze airfare and hotel prices. Founded in 2007 and headquartered in Montreal, Canada, with additional offices in Cambridge, Massachusetts, New York, New York, and Sofia, Bulgaria, Hopper assists travelers in securing the best deals by providing timely notifications when flight and accommodation prices reach their predicted lowest points. By offering data-driven travel recommendations, Hopper enhances the booking experience for users, enabling them to make informed decisions and save money on their journeys.

Busbud

Series C in 2020
Busbud, Inc. is an online platform that specializes in inter-city bus travel booking services. Founded in 2011 and headquartered in Montreal, Canada, the company allows travelers to search, compare, and book bus tickets for various destinations both domestically and internationally. Busbud aggregates schedules, prices, and amenities from numerous bus operators, providing valuable travel information through its website and mobile application. Users can explore over 10,000 cities in 89 countries, with options available in multiple languages and currencies. The platform aims to enhance the travel experience by offering comprehensive details about bus services, including reviews and service classes, while ensuring customer support is available around the clock.

Hopper

Venture Round in 2020
Hopper Inc. is a travel technology company that has developed a mobile application leveraging big data to predict and analyze airfare and hotel prices. Founded in 2007 and headquartered in Montreal, Canada, with additional offices in Cambridge, Massachusetts, New York, New York, and Sofia, Bulgaria, Hopper assists travelers in securing the best deals by providing timely notifications when flight and accommodation prices reach their predicted lowest points. By offering data-driven travel recommendations, Hopper enhances the booking experience for users, enabling them to make informed decisions and save money on their journeys.

WorkJam

Series C in 2020
WorkJam, Inc. is a company that offers a web and mobile application designed to enhance workforce management and employee engagement across various industries, including retail, hospitality, healthcare, and manufacturing. Founded in 2014 and headquartered in Montreal, Canada, with additional offices in Cincinnati, Ohio, and Melbourne, Australia, WorkJam's platform provides features for shift and task management, scheduling, communication, training, and employee recognition. It aims to empower shift-based and non-desk workers by facilitating agile scheduling and effective communication, ultimately driving operational efficiency and productivity. The company's solutions also support improved labor cost management and customer experience by fostering a motivated and engaged workforce. WorkJam has established a strategic partnership with Digital Goodie to further enhance its offerings.

RenoRun

Series A in 2019
RenoRun Inc. is a construction materials delivery company that provides a wide range of products, including beams, bricks, and concrete mixes, primarily serving the construction industry. Established in 2016 and headquartered in Montreal, Canada, RenoRun operates in key markets such as Toronto, Canada, and Austin, Texas. The company offers a mobile-friendly platform that allows general contractors to efficiently order materials and receive timely deliveries directly to job sites, thereby enhancing productivity and reducing downtime. With a focus on streamlining the procurement process, RenoRun aims to be the largest single-source platform for construction materials, simplifying the supply chain for contractors and builders.

KNØX

Seed Round in 2019
KNØX Industries Inc., founded in 2018 and based in Montreal, Canada, specializes in digital asset custody with a focus on providing comprehensive insurance coverage for the full value of clients' holdings. The company offers a secure end-to-end system that allows institutional clients to manage their assets through a dedicated terminal, ensuring both simplicity and robust security. KNØX employs actuarial principles and precise engineering in its custody system, allowing clients to safeguard their digital assets while meeting fiduciary obligations. The insurance coverage provided to clients is subject to the terms and conditions of the policy, ensuring that their assets are well protected.

Horizon Blockchain Games

Seed Round in 2019
Horizon Blockchain Games Inc. is a video game studio that specializes in leveraging blockchain technology to create decentralized gaming experiences. Founded in 2017 and headquartered in Toronto, Canada, the company also has locations in Montreal, Vancouver, Seattle, Mexico City, and Madrid. Horizon develops various games, including Arcadeum, a video game network and wallet built on the Ethereum blockchain, and SkyWeaver, an online card game. The company's platform is designed to empower players by providing a community-driven ecosystem where they can enjoy true digital ownership, open economies, and the ability to earn real-world value through gameplay. By focusing on innovations in web3 gaming, Horizon Blockchain Games aims to reshape the gaming landscape for a new generation of players.

HumanFirst

Seed Round in 2018
HumanFirst is a conversational artificial intelligence that helps companies in their transactions. It helps companies leverage their B2C conversations by transforming their raw conversational data into high-quality labelled data at scale to create business value. HumanFirst integrates with platforms like Zendesk, Intercom, Drift, Live Chat, Front, SMS, WhatsApp, messenger to name a few. It was founded in 2017 and is headquartered in Montreal, Quebec.

Flinks

Seed Round in 2018
Flinks Technology Inc. is a financial data aggregator based in Montreal, Canada, founded in 2016. The company provides solutions that enable businesses to connect their users' bank accounts, allowing access to critical financial data such as account balances and transaction histories. Flinks offers a hosted application programming interface (API) that facilitates the integration of banking information with mobile applications, helping companies enrich their data and deliver enhanced financial products. The platform not only validates account ownership but also ensures compliance in handling sensitive information. Trusted by numerous leading companies, Flinks aims to simplify online transactions and empower businesses to better serve their customers through improved data utilization.

Unsplash

Series A in 2018
Unsplash, Inc. is a photography community platform founded in 2013 and based in Montreal, Canada. It offers a collection of high-resolution photographs that are freely available for various uses, supported by a community of users who share their images under the Unsplash License. The platform allows users to upload their photos, which are then curated by a team of photo editors to ensure quality. Unsplash aims to create an open creative ecosystem, providing individuals and businesses with access to copyright-free images that can be utilized for purposes such as album art, advertisements, and product design.

Busbud

Series B in 2018
Busbud, Inc. is an online platform that specializes in inter-city bus travel booking services. Founded in 2011 and headquartered in Montreal, Canada, the company allows travelers to search, compare, and book bus tickets for various destinations both domestically and internationally. Busbud aggregates schedules, prices, and amenities from numerous bus operators, providing valuable travel information through its website and mobile application. Users can explore over 10,000 cities in 89 countries, with options available in multiple languages and currencies. The platform aims to enhance the travel experience by offering comprehensive details about bus services, including reviews and service classes, while ensuring customer support is available around the clock.

TrackTik

Series A in 2017
TrackTik Software Inc. provides a workforce management software solution that provides insights through integrated field operation and back office solutions. It serves various organizations and security companies. The company was incorporated in 2010 and is based in Montreal, Canada.

Smooch

Seed Round in 2016
Smooch Technologies Inc. develops a cloud messaging platform for SMB and enterprise clients. The company offers a unified multi-channel messaging solution that allows startups and companies around the world to engage with customers from messaging apps, SMS, Websites, and mobile apps. Its features include cross-channel messaging, live Web messaging, in-app messaging, social messaging, programmable SMS, rich messaging, messaging developer API, chatbot connectors, and integrations. The company was founded in 2015 and is based in Montreal, Canada. As of May 14, 2019, Smooch Technologies Inc. operates as a subsidiary of Zendesk, Inc.

Fiska

Seed Round in 2016
Fiska is a fintech company that provides an integrated commerce platform specifically designed for payment service providers. By offering innovative solutions in the financial technology space, Fiska aims to enhance the efficiency and effectiveness of payment processing. The company focuses on enabling seamless transactions and improving the overall user experience for businesses in the payment sector.

Fiska

Seed Round in 2016
Fiska is a fintech company that provides an integrated commerce platform specifically designed for payment service providers. By offering innovative solutions in the financial technology space, Fiska aims to enhance the efficiency and effectiveness of payment processing. The company focuses on enabling seamless transactions and improving the overall user experience for businesses in the payment sector.

TrackTik

Seed Round in 2015
TrackTik Software Inc. provides a workforce management software solution that provides insights through integrated field operation and back office solutions. It serves various organizations and security companies. The company was incorporated in 2010 and is based in Montreal, Canada.

Busbud

Series A in 2014
Busbud, Inc. is an online platform that specializes in inter-city bus travel booking services. Founded in 2011 and headquartered in Montreal, Canada, the company allows travelers to search, compare, and book bus tickets for various destinations both domestically and internationally. Busbud aggregates schedules, prices, and amenities from numerous bus operators, providing valuable travel information through its website and mobile application. Users can explore over 10,000 cities in 89 countries, with options available in multiple languages and currencies. The platform aims to enhance the travel experience by offering comprehensive details about bus services, including reviews and service classes, while ensuring customer support is available around the clock.

Beyond the Rack

Series C in 2013
Beyond the Rack is a Montreal-based private shopping club that offers exclusive discounts of up to 80% on a wide range of products, including apparel, accessories, fragrances, home goods, and electronics for men, women, and children. With around 15 million active members across Canada and the United States, the platform features limited-quantity flash sales that typically last 48 to 72 hours or until the merchandise sells out. Beyond the Rack collaborates with over 3,000 major fashion brands to provide these deals without involving a retail middleman. Members receive tailored notifications about upcoming sales based on their preferences, and the site conducts 15 to 25 sales daily, depending on demand. Membership is free, with several easy sign-up options, and Beyond the Rack is known for its responsive customer service and efficient shipping. The company has gained recognition for its growth, having been named the fastest-growing internet retailer in 2011, and has generated substantial sales revenue.

Busbud

Seed Round in 2013
Busbud, Inc. is an online platform that specializes in inter-city bus travel booking services. Founded in 2011 and headquartered in Montreal, Canada, the company allows travelers to search, compare, and book bus tickets for various destinations both domestically and internationally. Busbud aggregates schedules, prices, and amenities from numerous bus operators, providing valuable travel information through its website and mobile application. Users can explore over 10,000 cities in 89 countries, with options available in multiple languages and currencies. The platform aims to enhance the travel experience by offering comprehensive details about bus services, including reviews and service classes, while ensuring customer support is available around the clock.

Beyond the Rack

Series B in 2011
Beyond the Rack is a Montreal-based private shopping club that offers exclusive discounts of up to 80% on a wide range of products, including apparel, accessories, fragrances, home goods, and electronics for men, women, and children. With around 15 million active members across Canada and the United States, the platform features limited-quantity flash sales that typically last 48 to 72 hours or until the merchandise sells out. Beyond the Rack collaborates with over 3,000 major fashion brands to provide these deals without involving a retail middleman. Members receive tailored notifications about upcoming sales based on their preferences, and the site conducts 15 to 25 sales daily, depending on demand. Membership is free, with several easy sign-up options, and Beyond the Rack is known for its responsive customer service and efficient shipping. The company has gained recognition for its growth, having been named the fastest-growing internet retailer in 2011, and has generated substantial sales revenue.

Gamerizon Studio

Venture Round in 2011
Gamerizon Studio Inc., established in 2008 and located in Montreal, Canada, specializes in creating high-quality mobile and casual games. As an independent studio, Gamerizon focuses on developing engaging gaming experiences tailored for a wide audience. The company's expertise in the mobile gaming sector positions it as a notable player in the industry, committed to delivering innovative and enjoyable content to gamers.

Woozworld

Series B in 2011
Woozworld Inc. is a virtual platform designed for kids, tweens, and teens, fostering creativity and social interaction. Founded in 2009 and based in Montreal, Canada, Woozworld allows users to create avatars and engage in a massive multiplayer environment. The platform offers a free-to-join experience, where participants can design their own virtual spaces, dress their avatars in stylish outfits, and engage in various activities such as throwing parties, participating in contests, and making friends. As a subsidiary of Azerion BV, Woozworld aims to provide a fun and engaging online community that encourages self-expression and creativity among its young users.

StatusNet

Series A in 2010
StatusNet, Inc. is a Quebec-based company headquartered in Montreal that specializes in developing open-source microblogging software known as StatusNet. The software allows users to create their own microblogging services, similar to traditional blogging platforms. One of the most recognized implementations of this software is Identi.ca. StatusNet aims to provide both public and private microblogging solutions, adopting a strategy akin to that of WordPress. Additionally, the company's platform facilitates interaction among microbloggers and offers features for generating tailored reports and monitoring business status in real-time. This enables organizations to efficiently collect and organize information, enhancing their microblogging experience.

Woozworld

Series A in 2010
Woozworld Inc. is a virtual platform designed for kids, tweens, and teens, fostering creativity and social interaction. Founded in 2009 and based in Montreal, Canada, Woozworld allows users to create avatars and engage in a massive multiplayer environment. The platform offers a free-to-join experience, where participants can design their own virtual spaces, dress their avatars in stylish outfits, and engage in various activities such as throwing parties, participating in contests, and making friends. As a subsidiary of Azerion BV, Woozworld aims to provide a fun and engaging online community that encourages self-expression and creativity among its young users.

StatusNet

Seed Round in 2009
StatusNet, Inc. is a Quebec-based company headquartered in Montreal that specializes in developing open-source microblogging software known as StatusNet. The software allows users to create their own microblogging services, similar to traditional blogging platforms. One of the most recognized implementations of this software is Identi.ca. StatusNet aims to provide both public and private microblogging solutions, adopting a strategy akin to that of WordPress. Additionally, the company's platform facilitates interaction among microbloggers and offers features for generating tailored reports and monitoring business status in real-time. This enables organizations to efficiently collect and organize information, enhancing their microblogging experience.

Ryma

Series B in 2008
Founded in 2000 and headquartered in Montreal, Canada, Ryma specializes in developing integrated product management solutions that enhance product innovation and management. The company's flagship software, FeaturePlan™, is designed to simplify the implementation of product management processes, allowing product managers to effectively handle their portfolios and create superior products. Ryma's client base includes prominent organizations such as ADP, BMC Software, and GE Healthcare, reflecting its reputation as a leader in the industry. Additionally, the company operates a Center of Excellence in Austin, Texas, further supporting its commitment to product management excellence.

Sixtron Enterprises Inc.

Series A in 2007
Sixtron Enterprises Inc. specializes in the development of anti-reflective coating solutions for the solar cell industry, with a particular focus on c-Si solar cell production lines. The company's flagship product, SunBox, is a gas handling solution designed to enhance the efficiency of solar cell manufacturing. In addition to its work in the solar sector, Sixtron is advancing thin film coating solutions applicable to the electronics and industrial coatings industries. These thin films are notable for their unique optical and mechanical properties and can be deposited without the complex requirements associated with hazardous silane gas. Founded in 2004 and based in Calgary, Canada, Sixtron Enterprises Inc. was previously known as SiXtron Advanced Materials Inc.

Mimetogen Pharmaceuticals

Venture Round in 2005
Mimetogen Pharmaceuticals Inc. is a clinical-stage biotechnology company based in Montreal, Canada, specializing in the development of peptidomimetics aimed at addressing ophthalmic diseases with significant unmet medical needs. The company is focused on the treatment of conditions such as dry eye syndrome, glaucoma, and degenerative retinal diseases, including retinitis pigmentosa and dry age-related macular degeneration. Mimetogen's lead product, MIM-D3, is specifically designed for managing dry eye syndrome. Established in 2004, Mimetogen Pharmaceuticals is committed to advancing therapeutic options for patients suffering from these eye conditions.

QuantuModeling

Series A in 2005
QuantuModeling Inc. designs and develops software, which is used in electronic design automation, materials design, defense, chemistry and nanotechnology. QuantuModeling Inc. is based in Montreal, Canada. QuantuModeling Inc. is a prior subsidiary of McGill University.

Sixtron Enterprises Inc.

Seed Round in 2004
Sixtron Enterprises Inc. specializes in the development of anti-reflective coating solutions for the solar cell industry, with a particular focus on c-Si solar cell production lines. The company's flagship product, SunBox, is a gas handling solution designed to enhance the efficiency of solar cell manufacturing. In addition to its work in the solar sector, Sixtron is advancing thin film coating solutions applicable to the electronics and industrial coatings industries. These thin films are notable for their unique optical and mechanical properties and can be deposited without the complex requirements associated with hazardous silane gas. Founded in 2004 and based in Calgary, Canada, Sixtron Enterprises Inc. was previously known as SiXtron Advanced Materials Inc.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.