About Inovia Capital
Inovia Capital is a venture capital firm founded in 2007. It is primarily based out of Toronto, Canada. As of Sep 2026, Inovia Capital is an active investor, having invested in 242 companies, with 18 new investments in the last 12 months. It primarily invests in Seed round in Canada based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series B round of Branch Energy Overall, Inovia Capital portfolio has seen 12 unicorns, 4 IPOs and 65 acquisitions including key companies like Super, Cohere and Hopper. A lot of funds co-invest with Inovia Capital, with names like Greycroft sharing a substantial percentage of its portfolio. Inovia Capital has team of 55 people including 28 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 9 more
Portfolio Acquisitions
Deals in last 12 months
Inovia Capital's List of Top Investments
Inovia Capital has a portfolio of 242 companies, including 12 unicorns. Their most notable investments are in Disco and TrackTik.Their portfolio spans across Canada, United States, United Kingdom and 14 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 28 other sectors, across stages such as Seed, Series A and 9 more. Here is the list of top investments by Inovia Capital:
1. Super
Provider of an all-in-one mobile app offering travel savings, rewards, and budgeting solutions. It is an online platform offering a range of services including travel booking, savings, and rewards to help users manage the finances and make informed spending decisions.
Key facts about Super
- Founded Year: 2016
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $226M
- Employee Count: 201 - 500 as on Jul 16, 2025
- Investors: Inovia Capital, Bee Partners and 22 Others
- Latest Funding Round: Series D, Jul 07, 2026, $*****
- Highlight: Editors' Pick
2. Cohere
Developer of enterprise AI platform and multilingual language and retrieval models. The company provides tools for workplace productivity, intelligent search, and semantic text representation. It offers models for relevance-based result refinement and high-performance generative tasks. The platform supports customization and private deployments, catering to various industries. It also provides developer resources, including API access and technical documentation.
Key facts about Cohere
- Founded Year: 2019
- Location: Toronto (Canada)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $1.54B
- Employee Count: 1,221 as on Sep 30, 2026
- Investors: Sapphire Ventures, Salesforce Ventures and 37 Others
- Latest Funding Round: Series D, Sep 24, 2025, $*****
- Highlight: Editors' Pick
3. Hopper
AI-powered travel booking and price prediction. It uses artificial intelligence algorithms to collect, organize, and analyze travel data, generating predictive models that identify the best times to book flights and hotels. Users can search for and book multiple categories of travel services, track fare changes, and receive notifications about price drops.
Key facts about Hopper
- Founded Year: 2007
- Location: Montreal (Canada)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $740M
- Employee Count: 1,066 as on Sep 30, 2026
- Investors: Atlas Venture, Goldman Sachs and 22 Others
- Latest Funding Round: Series G, Nov 07, 2022, $*****
- Highlight: Editors' Pick
4. AlayaCare
Alayacare offers a cloud-based software platform for home healthcare practitioners. The platform features clinical documentation, back-office functionality, patient and family portals, remote patient monitoring, telehealth, and mobile care worker apps. It also helps in analyzing wearable devices to fetch patient data for processing through machine learning technology by giving real-time insights for the care professionals.
Key facts about AlayaCare
- Founded Year: 2014
- Location: Toronto (Canada)
- Stage: Series D
- Total Funding till date: $274M
- Employee Count: 632 as on Sep 30, 2026
- Investors: Generation Investment Management, Inovia Capital and 17 Others
- Latest Funding Round: Conventional Debt, Feb 20, 2026, $*****
- Highlight: Editors' Pick
5. Busbud
App-based bus travel bookings. It helps users find and select bus routes through clear and organized digital tools. The platform supports comparing options so trips can be planned with simplicity. It offers an online space where tickets and travel details are managed in one place.
Key facts about Busbud
- Founded Year: 2011
- Location: Montreal (Canada)
- Stage: Series C
- Total Funding till date: $46M
- Employee Count: 73 as on Sep 30, 2026
- Investors: Teralys Capital, Inovia Capital and 17 Others
- Latest Funding Round: Series C, Feb 22, 2022, $*****
- Highlight: Editors' Pick
Inovia Capital's Year-on-Year Investment Trends
Inovia Capital has invested in 242 companies over the last 25 years, with an average of 13 new investments annually in the last 10 years. In 2025, it made 17 investments, while as of Sep 2026, it has made 18 investments in this year. Its most recent first time investment was in Peripheral Labs and most recent follow-on round was in Branch Energy.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 16 | 2 | 18 |
2025 | 11 | 6 | 17 |
2024 | 16 | 6 | 22 |
2023 | 18 | 2 | 20 |
2022 | 9 | 7 | 16 |
2021 | 23 | 14 | 37 |
2020 | 10 | 12 | 22 |
2019 | 12 | 2 | 14 |
2018 | 13 | 5 | 18 |
2017 | 4 | 4 | 8 |
Inovia Capital's Investments by Stage
Inovia Capital has made 109 investments in Seed stage with an average round size of $4.03M, 63 investments in Series A stage with an average round size of $9.11M and 20 investments in Series B stage with an average round size of $23.3M.Stage of entry | No. of Investments |
|---|---|
Seed | 109 |
Series A | 63 |
Series B | 20 |
Series C | 9 |
Series D | 3 |
Others | 8 |
Note: We have considered here, only first round of investments
Inovia Capital's Investments by Sector
Inovia Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, Enterprise Infrastructure and FinTech. Notably, it has invested in 227 Tech companies, 190 Enterprise (B2B) companies, 164 Software companies and at least 100 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 138 |
Consumer | 41 |
High Tech | 38 |
Enterprise Infrastructure | 28 |
FinTech | 28 |
Others | 209 |
Note: We have considered here, only first round of investments
Inovia Capital's Investments by Geography
Inovia Capital has made most investments in Canada (115), followed by United States where it has made 81 investments.Country | No. of Investments |
|---|---|
Canada | 115 |
United States | 81 |
United Kingdom | 7 |
Belgium | 2 |
Germany | 2 |
Others | 7 |
Note: We have considered here, only first round of investments
Inovia Capital's recent investments
Inovia Capital has made 18 investments in 2026 so far. Branch Energy and Peripheral Labs are the latest among them.Here are the most recent investments by Inovia Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 15, 2026 | United States | Series B | 9324 | [+5] | |
Aug 17, 2026 | Canada | Seed | 6022 | [+2] | |
Jul 24, 2026 | United States | Series A | 6863 | [+1] | |
Jul 22, 2026 | United States | Seed | 7244 | [+2] | |
Jul 06, 2026 | United States | Seed | 4300 | [+4] |
Unicorns in Inovia Capital's Portfolio
Inovia Capital has 12 unicorns in its portfolio - Super, Photonic, Aikido and others. The most recent unicorn in their portfolio is Super. It became a unicorn in 2026, 8 years after Inovia Capital first invested in it.Here is a list of unicorns in Inovia Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
81 | Provider of an all-in-one mobile app offering travel savings, rewards, and budgeting solutions | 2016 | San Francisco | Series D | pcvesag | ||
67 | Provider of silicon integrated photonics and quantum optics | 2013 | Coquitlam | Series D | ptkjfba | ||
63 | Platform offering cloud security software | 2022 | Ghent | Series B | erhnexs | ||
79 | Developer of enterprise AI platform and multilingual language and retrieval models | 2019 | Toronto | Series E | qaoijs{ | ||
77 | Provider of financial products and services including credit cards, accounts, and investment options | 2019 | Calgary | Series D | tgnxxhv |
IPOs and Publicly Listed companies in Inovia Capital's Portfolio
4 of Inovia Capital's portfolio companies have become public. Cybeats got listed on the Canadian Securities Exchange (CSE), in Nov 2022 at marketcap of $764M and Sonder got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ).Here are Inovia Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 21, 2022 | Jan 15, 2018 | Seed | 5557 | |
Mar 19, 2021 | Jul 09, 2019 | Series D | 3066 | |
May 09, 2019 | Aug 07, 2007 | Seed | 9096 | |
Mar 15, 2019 | Sep 17, 2014 | Series B | 8567 |
Acquired companies in Inovia Capital's Portfolio
65 companies from Inovia Capital's portfolio have been acquired. The most recent acquisition was Senso in Oct 2026 by Zeta Global for $*****.Here are Inovia Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 06, 2026 | Jul 09, 2020 | Series A | 7880 | |
May 19, 2026 | Aug 20, 2024 | Seed | 9199 | |
Mar 20, 2026 | Sep 09, 2011 | Series B | 7024 | |
Feb 18, 2026 | Nov 10, 2021 | Seed | 2914 | |
Feb 06, 2026 | Jul 09, 2013 | Series B | 8590 |
Team profile of Inovia Capital
Inovia Capital has a team of 55 members including 28 Partners, 3 Venture Partners and 11 Principals located in Canada, United Kingdom and 2 more locations. Inovia Capital's team sits on the board of 5 companies.Here is a list of top team members in Inovia Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Canada | |||
Partner | Toronto | |||
Partner | London | - | ||
Partner | Toronto | - | ||
Partner | Montreal | - | ||
Partner | Palo Alto | - | ||
Partner | Montreal | - | ||
Partner | Waterloo | |||
Partner | Montreal | - | ||
Partner | Waterloo | - |
Co-investors of Inovia Capital
Over the past 25 years, 1300 investors have co-invested in Inovia Capital's portfolio companies. This includes funds and angels.
- Invested before Inovia Capital: Y Combinator, Real Ventures and 283 others have invested in rounds before Inovia Capital. There are 5 companies where Y Combinator has invested before Inovia Capital and 5 companies where Real Ventures has invested before Inovia Capital.
- Top Co-investors of Inovia Capital: 571 investors entered a company along with Inovia Capital. These include investors like Greycroft (11 companies).
- Invested after Inovia Capital: A total of 444 investors have invested in Inovia Capital's portfolio after their investments. Top Investors include BDC (12 companies), Export Development Canada (10 companies) and Canadian Imperial Bank of Commerce (7 companies).
Recent News related to Inovia Capital
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Feldera Secures $21.5M to Reduce AI Database Compute CostsTechStartups.com•Sep 21, 2026•Inovia Capital, Feldera, Battery Ventures, Costanoa
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Peripheral Raises $8.7M in Seed FundingThe SaaS News•Aug 18, 2026•Deloitte, DST Global, Peripheral Labs, Inovia Capital and 1 other
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StrongestLayer Raises $4.1 Million for AI-Powered Email SecuritySiliconAngle•Jul 22, 2026•Inovia Capital, StrongestLayer, Alumni Ventures, Offis Bay and 1 other
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Float Financial Raises CAD USD 85M Series C to Build Canada’s Intelligent Financial OSWorld Business Outlook•Jun 25, 2026•Inovia Capital, BDC, Float, Goldman Sachs and 1 other
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TensorX Raises €8M in Seed FundingTech Funding News•Jun 25, 2026•Inovia Capital, Shapers, Tenity, BFC and 3 others
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Autonomique says backflipping robots are not the pointBetaKit•Jun 17, 2026•Inovia Capital, Autonomique, Innovobot, Garage Capital
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US savings app Super.com lands $85m in Series C fundraiseFinTech Futures•May 28, 2026•Super, Inovia Capital
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Kopa.ai Raises €2M Seed Funding to Expand AI Operating System for E-commerceThe SaaS News•May 28, 2026•XTX Markets, Practica Capital, Inovia Capital
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Ranger AI Raises $8.4M in Seed FundingFinSMEs•May 14, 2026•25madison, Panache Ventures, Bonfire Ventures, Inovia Capital
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gaiia Raises $40 Million Series B Led by JMI Equity to Modernize the Operating System for Communications Service ProvidersBusiness Wire•May 12, 2026•Gaiia, JMI Management, Inovia Capital
