Profile
Inovia Capital is a venture capital firm based in Montreal, founded in 2007. The firm is led by a team of experienced partners including Karamdeep Nijjar, Magaly Charbonneau, Shawn Abbott, Kory Jeffrey, Taha Mubashir, and Steve Woods. Known for its strategy of investing across different stages of company growth, Inovia distinguishes itself by building long-term relationships with its portfolio companies and leveraging deep sector expertise. The firm has significant partnerships with Canadian institutional investors, which reflects its strong reputation in the industry.
Inovia Capital focuses on investing in AI-native startups and frontier technologies such as cybersecurity, infrastructure, devops, energy, compute, robotics, and quantum. The firm invests at the Seed to Series A stages, targeting businesses in North America and Europe. With a total assets under management of approximately $2.7 billion, the firm manages several funds, including the recently announced AI-Native Fund VI, targeting a $325 million close. Returning LPs include Business Development Bank of Canada, La Caisse de dépôt et placement du Québec, and CIBC.
Noted investments have included companies like Cohere, a major player in the foundation model space; Flare, specializing in cybersecurity; Gaia, working on compute technology; Spellbook, associated with AI-driven solutions; and Atom Computing, engaging in cutting-edge computing technologies. These investments showcase Inovia's focus on technological advancement and innovation.
Industry
Inovia Capital Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Inovia Growth Fund I
|
Venture Capital (VC)
|
Financial Services
Fintech
Healthcare Services
Marketing and Advertising
Media and Entertainment
SaaS
Security
Software
Transportation
HealthTech
|
Pre-seed
Seed
|
Europe
|
$5-10 m
|
$413 M
|
February 2019
|
|
Inovia Growth Fund II
|
Venture Capital (VC)
|
Financial Services
Fintech
Healthcare Services
Marketing and Advertising
Media and Entertainment
SaaS
Security
Software
Transportation
HealthTech
|
Pre-seed
Seed
|
North America
Europe
|
$5-10 m
|
$377 M
|
March 2021
|
|
Inovia Venture Fund V
|
Venture Capital (VC)
|
Education
Financial Services
Fintech
Healthcare Services
Marketing and Advertising
Media and Entertainment
SaaS
Security
Software
Transportation
HealthTech
|
Pre-seed
Seed
|
North America
Europe
|
$5-10 m
|
$325 M
|
June 2022
|
|
Inovia Capital Fund VI
|
Venture Capital (VC)
|
Robotics
AI
Infrastructure
Energy
Cybersecurity
Quantum Computing
|
Seed
Series A
|
North America
Europe
|
$10-50 m
|
$200 M
|
October 2026
|
Contacts
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