Recent Funding
Investors
Inovia Capital

Inovia Capital portfolio

Inovia Capital has 32 portfolio companies on record at Recent Funding, with 4 investments in the last 12 months.

Website: inovia.vc.

X: @inovia.

Type: Venture capital.

Portfolio on Recent Funding: 32.

Deals, last 12 months: 4.

Rounds led: 8 of 25.

Capital in their rounds: $1.62B.

Latest deal: Physicl · Nov 6, 2026.

About this page

It is a venture capital firm based in Montreal, CA, founded in 2007. It led 8 of the 25 rounds it joined. Its most recent investment on record is Physicl's $10M Seed round in November 2026, which it led, alongside U.S. Venture Partners. By category, its portfolio leans toward Developer tools and cloud (6) and Cybersecurity (6). It has co-invested with Desmarais Group, Decibel Partners and White Star Capital, most often Desmarais Group (3 rounds).

About Inovia Capital

Firm type: Venture capital.

Headquarters: Montreal, CA.

Founded: 2007.

Stages: Pre-Seed, Seed, Series A, Series B, Series C, Growth.

Sectors: AI & Machine Learning, Cybersecurity, Deep Tech, Developer Tools, Enterprise Software, Fintech, Healthtech, Robotics, SaaS, Sector Agnostic.

Check size: $250K to $8M.

Leads rounds: No.

Portfolio companies: 77.

Exits: 2.

Rounds led: 46.

Funds raised

Fund	Fund #	Size	Announced
IiNovia Capital Montreal, Toronto, Bay Area, London	V	$200M	Feb 19, 2019 blog.inovia.vc
IiNovia Canada	IV	$120M	Jan 20, 2016 wsj.com
IiNovia Capital Montreal, Canada	III	$110Mvia Shai Goldman's fund list	Dec 2012

What Inovia Capital invests in

Developer tools and cloud · 6 · 19%
Cybersecurity · 6 · 19%
Education · 5 · 16%
Foundation models and research · 5 · 16%
Data and analytics · 4 · 13%
Fintech · 4 · 13%
Commerce and retail · 4 · 13%
Robotics and hardware · 3 · 9%

Inovia Capital recent investments

Company	Round	Date	Alongside
PPhysicl	Seed · $10M · lead	Nov 6, 2026	U.S. Venture Partners
WWealthsimple	Series B+ · $425M	Oct 28, 2026	ICONIQ Growth, IGM Financial, Power Corporation of Canada +2
FFeldera	Series A · $15.4M · lead	Jul 29, 2026	Costanoa Ventures, Battery Ventures
HHoward AI	Seed · $3M	Mar 1, 2026	Mantella Venture Partners, B Strategy, Skyland Ventures +2
GGreat Question	Series A · $13M · lead	Nov 12, 2025	none named
BBotpress	Series B+ · $25M	Jul 4, 2025	Decibel Partners, Framework Venture Partners (lead), Deloitte +1
FFlare	Series B+ · $30M · lead	Dec 1, 2024	White Star Capital, Base10 Partners
AAikido Security	Seed · $5.36M	Nov 14, 2023	Connect Ventures (lead), Notion Capital (lead), Christina Cacioppo

How Inovia Capital invests

Stage	Deals	Capital in rounds
Series B+	10 40%	$1.5B
Seed	8 32%	$24.74M
Series A	7 28%	$90.4M

Year	Deals	Capital in rounds
2011	1 4%	undisclosed
2013	1 4%	$2.4M
2014	1 4%	$35M
2015	1 4%	$140M
2018	2 8%	$975K
2019	1 4%	$10M
2020	2 8%	$18M
2021	5 20%	$765M
2022	2 8%	$57M
2023	2 8%	$65.36M
2024	1 4%	$30M
2025	2 8%	$38M
2026	4 16%	$453.4M

Inovia Capital portfolio companies

PPhysicl$10MSeed · Nov 2026
WWealthsimple$425MSeries B+ · Oct 2026
FFeldera$15.4MSeries A · Jul 2026
HHoward AI$3MSeed · Mar 2026
GGreat Question$13MSeries A · Nov 2025
BBotpress$25MSeries B+ · Jul 2025
FFlare$30MSeries B+ · Dec 2024
AAikido Security$5.36MSeed · Nov 2023
CClearco$60MSeries B+ · Oct 2023
CCertn$50MSeries B+ · May 2022
LLife House$60MSeries B+ · Dec 2021
RRewind$65MSeries B+ · Sep 2021
LLabGenius$15MSeries A · Oct 2020
TTailscale$3MSeed · Apr 2020
AAppDirect$140MSeries B+ · Oct 2015
TTulip Retail$2.4MSeed · Oct 2013
PPoolsidebacker
MMomentumbacker
PPlannedbacker
CCoherebacker
GGood Start Labsbacker
TTera AIbacker
IItalicbacker
SSpellbookbacker
SSentrabacker
SSkyfall AIbacker
MMotionbacker
Ggaiiabacker
FFoundriesbacker
SSweptbacker
PProteinQurebacker
PPinebacker

Company	Round with Inovia Capital	Total raised	Latest raise
PPhysicl Robotics and hardware	Nov 6, 2026 Seed · $10M · lead	$10M	Nov 6, 2026 Seed
WWealthsimple Crypto payments	Oct 28, 2026 Series B+ · $425M	$1.75B	Oct 28, 2026 Series B+
FFeldera Data and analytics	Jul 29, 2026 Series A · $15.4M · lead	$15.4M	Jul 29, 2026 Series A
HHoward AI AI agents	Mar 1, 2026 Seed · $3M	$3M	May 29, 2026 Seed
GGreat Question HR and recruiting	Nov 12, 2025 Series A · $13M · lead	$15.5M	Jul 13, 2026 Series A
BBotpress AI agents	Jul 4, 2025 Series B+ · $25M	$40M	Jul 4, 2025 Series B+
FFlare Cybersecurity	Dec 1, 2024 Series B+ · $30M · lead	$68M	Dec 1, 2024 Series B+
AAikido Security Cybersecurity	Nov 14, 2023 Seed · $5.36M	$84.53M	Jan 15, 2026 Series B+
CClearco Fintech	Oct 5, 2023 Series B+ · $60M · lead	$275M	Oct 5, 2023 Series B+
CCertn Cybersecurity	May 10, 2022 Series B+ · $50M	$50.98M	May 10, 2022 Series B+
LLife House Health and bio	Dec 6, 2021 Series B+ · $60M · lead	$100M	Dec 6, 2021 Series B+
RRewind Fintech	Sep 16, 2021 Series B+ · $65M	$80.45M	Nov 14, 2023 Seed
LLabGenius Health and bio	Oct 1, 2020 Series A · $15M	$73M	May 21, 2024 Series B+
TTailscale Cybersecurity	Apr 5, 2020 Seed · $3M	$175M	Apr 8, 2025 Series B+
AAppDirect Developer tools and cloud	Oct 6, 2015 Series B+ · $140M	$275M	Jan 9, 2024 round
TTulip Retail Commerce and retail	Oct 3, 2013 Seed · $2.4M	$122.4M	Jan 18, 2026 Series B+
PPoolside AI coding and devtools	backer · source	$500M	Oct 2, 2024 Series B+
MMomentum Sales and marketing	backer · source	$13M	Jul 23, 2024 Series A
PPlanned	backer · source	$35M	Jul 18, 2024 Series B+
CCohere Foundation models and research	backer · source	$500M	Aug 14, 2025 Series B+
GGood Start Labs Foundation models and research	backer · source	$3.6M	Oct 15, 2025 Seed
TTera AI Robotics and hardware	backer · source	$7.8M	Mar 19, 2025 Seed
IItalic Commerce and retail	backer · source	$15M	Aug 17, 2025 Series B+
SSpellbook AI agents	backer	undisclosed	—
SSentra	backer	$5M	Jan 28, 2026 Seed
SSkyfall AI Foundation models and research	backer	undisclosed	—
MMotion Foundation models and research	backer	undisclosed	Aug 3, 2026 Series B+
Ggaiia HR and recruiting	backer	$40M	May 12, 2026 Series B+
FFoundries Developer tools and cloud	backer	undisclosed	Feb 17, 2026 Seed
SSwept Logistics and mobility	backer	undisclosed	—
PProteinQure Health and bio	backer	$11M	May 27, 2025 Series A
PPine Fintech	backer	$25M	Dec 3, 2025 Series A

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Developer tools and cloud).

How this is counted

Firm profile: Fundraising Fox Open Dataset v2026-11, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Venture funds Inovia Capital raised, from the list of new VC funds compiled by Shai Goldman (Brex). Each size links to the article that states it, or to that list where no article was found. All new funds: new VC funds.

Share is of the 25 rounds on Recent Funding that name Inovia Capital. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Inovia Capital, which is a subset of its real portfolio. API: /api/v1/investors/inovia-capital (get a free API key). More: the most active VC firms and new venture capital funds.