iNovia Capital

Invests in applied services and infrastructure platforms transforming complex legacy industries with global ambitions.

ActiveVenture Capital

Updated: Jan 22, 2026 ·

About

Inovia Capital is a full stack venture firm that invests in passionate tech founders with global ambitions. With over US $1B across early and growth stage funds, Inovia offers capital, coaching, and access to talent in the most valuable ecosystems in Canada, the US, and Europe. Inovia invests in applied services and infrastructure platforms focusedon transforming complex legacy industries, such as financial services, healthcare, commerce, transportation, travel, and others.

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Jan 28, 2026	Sentra	$5.0M Seed	a16z speedrun, Together Fund	Antigravity Capital, Backwards Capital, Cailen D'Sa, Gokul Rajaram, Inovia Capital, Kaitlyn Knopp, Parable VC, Prasad Chintamaneni, Precursor Ventures, Shaad Khan, Siqi Chen
Oct 1, 2025	Spellbook	$50.0M Series B	—	Khosla Ventures, Moxxie Ventures, Thomson Reuters Ventures
Oct 1, 2025	Pavewise	$3.0M Seed	—	C2Ventures, M25
Sep 1, 2025	DianaHR	$4.0M Seed	—	10100, Anti fund, Foundation Capital, General Atlantic, General Catalyst, Goat Capital, Greylock, Hanabi Capital, HOF Capital, Infinite Niches, Liquid 2 Ventures, Madrona Ventures, Menlo Ventures, Ann Bordetsky, Paradigm, Scale Venture Partners, SNR, SuperAngel.Fund, Venture Highway, Y Combinator, Arash Ferdowsi, Cory Levy, Emmett Shear, Ime Archibong, Immad Akhund, John Collison, Julie Zhuo, Ken Howery, Kulveer Taggar, Max Mullen, Patrick Collison, Sahil Lavingia, Sam Altman, Scott Belsky, Tom Blomfield
Sep 1, 2025	Procense.ai	$2.0M Seed	—	SNR
Sep 1, 2025	WorkFusion	$45.0M Series G	—	Nokia Growth Partners, Wildcat Ventures, Abhas Gupta
Aug 1, 2025	Cohere	$500.0M Series D	—	Felicis Ventures, The Hit Forge
Aug 1, 2025	Bench IQ	$5.0M Seed	—	Battery Ventures, Haystack
Jul 1, 2025	Trusty Estate	$730K Seed	—	Graphite Ventures
Jul 1, 2025	Dropzone AI	$37.0M Series B	—	Boon Fund, Decibel Partners, Theory Ventures, Tribe Capital, Isaac Souweine, Oliver Friedrichs
Jul 1, 2025	Polymarket	$150.0M Series C	—	10100, 1confirmation, Abstract Ventures, Kevin Hartz, Brainchild, Darling Ventures, Divergence Ventures, ENIAC Ventures, EQT Ventures, Felicis Ventures, Founders Fund, General Catalyst, New Form Capital, Operator Collective, Polychain Capital, Robot Ventures, Sound Ventures, The Hit Forge, Thrive Capital, Tiger Global Management, Triatomic Capital, Balaji Srinivasan, Diego Berdakin, Dylan Field, Mark Pincus, Sahin Boydas, Stani Kulechov, Vitalik Buterin
Jun 1, 2025	Kolet	$10.0M Series A	—	OMERS Ventures, Revolution Ventures, Wind Ventures, Erik Blachford
Jun 1, 2025	Vessel	$8.0M Seed	—	Afore Capital, Benchmark, Comcast Ventures, Darling Ventures, Greylock, IVP, Plug & Play Ventures, Saban Capital Group, Spring Capital, Emmanuel Seuge, Jared Leto
Jun 1, 2025	Janus AI	$500K Seed	—	Amplify.LA, Andreessen Horowitz, AV8 Ventures, Bam Ventures, B Capital Group, Bonfire Ventures, ENIAC Ventures, Fika Ventures, FundersClub, Greycroft, Kohala Ventures, KW Angel Fund, Aaron Jacobson, Pitbull Ventures, Rebel Fund, S28 Capital, SoftBank Investment Advisers, Soma Capital, Techstars, Y Combinator, Zintinus, Ashish Bhatia, Clark Landry, Dan Wright, Gokul Rajaram, Jon Runyan, Ryan Chan, Trevor Wright
Jun 1, 2025	Botpress	$25.0M Series B	—	Boon Fund, Decibel Partners, Karim Faris, Redpoint Ventures, Tribe Capital, Isaac Souweine
Jun 1, 2025	Maven AGI	$50.0M Series B	—	Airtree Ventures, Cisco Investments, Galvanize Climate Solutions, Intel Capital, Main Sequence Ventures, Space Capital, Marc Benioff, Samir Kumar, Tom Steyer
May 1, 2025	Novisto	$27.0M Series C	—	White Star Capital
May 1, 2025	Unblocked	$20.0M Series A	—	Gautam Gupta, Kevin Hartz, Accel, AI4ALL, Alkeon Capital, Alt Capital, Alumni Ventures, AME Cloud Ventures, Andreessen Horowitz, Axiom Partners, Bain Capital Ventures, Blockchange Ventures, Bond, Conviction Partners, Decibel Partners, DFJ, DTCP, Electric Capital, Expa, Forerunner Ventures, G2VP, General Catalyst, Greylock, Hanabi Capital, Hardware Club, Heretic Ventures, Innovation Endeavors, Intel Capital, InterWest, Madrona Ventures, Kazuma Ieiri, Operator Collective, Picus Capital, Radical Ventures, Ribbit Capital, Sequoia Capital, Sherpalo Ventures, Tribe Capital, Valar Ventures, Y Combinator, Aaron Levie, Akshay Kothari, Amjad Masad, Don MacAskill, Eric Futoran, Frederic Kerrest, Howie Liu, Matt Macinnis, Mike Abbott, Mike Vernal, Neha Narkhede, Nitay Joffe, Oliver Cameron, Quinn Slack, Ron Pragides, Stewart Butterfield, Tobias Lutke, Yan-David Erlich
May 1, 2025	Granola	$43.0M Series B	—	20VC, 8VC, Accel, AirAngels, Alumni Ventures, Andreessen Horowitz, Vijaya Gadde, C2 Investment, Coinbase Ventures, Curated, Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Haun Ventures, Innovation Endeavors, Khosla Ventures, LGF, Lightspeed Venture Partners, Logos Labs, Madrona Ventures, Matrix, NEO, Hans Tung, Notion Capital, Otherwise Fund, Paradigm, Pareto Holdings, Sequoia Capital, Spark Capital, Summit Partners, SV Angel, Theory Forge Ventures, Thrive Capital, Tribe Capital, Tusk Venture Partners, Valar Ventures, Y Combinator, Akshay Kothari, Azeem Azhar, Ben Silbermann, Ben Tossell, Christian Reber, Dharmesh Shah, Elad Gil, Evan Williams, Georges Harik, James Hong, John Collison, Kulveer Taggar, Marc Benioff, Mario Götze, Mathilde Collin, Max Mullen, Nico Rosberg, Patrick Collison, Paul Graham, Paul Stahura, Ron Pragides, Ryan Sarver, Ryan Tedder, Scott Belsky, Siqi Chen, Stewart Butterfield, Thijn Lamers, Guillermo Rauch
May 1, 2025	Seeds	$10.0M Series A	—	ANRI, Insignia Ventures Partners, Portage Ventures
Apr 1, 2025	Fawn Friends	$3.0M Seed	—	Broadway Angels, SNR, Y Combinator
Apr 1, 2025	Exowatt	$35.0M Series A	—	8VC, Abstract Ventures, Afore Capital, Andreessen Horowitz, Atomic, Bora&Sons, Caffeinated Capital, Cubit Capital, Felicis Ventures, Forerunner Ventures, Founders Fund, Gaingels, General Catalyst, Great Oaks Venture Capital, Hitachi Ventures, Maniv Mobility, NightDragon, Scribble Ventures, Seven Seven Six, Softbank Group, Streamlined Ventures, SV Angel, The Hit Forge, Thrive Capital, Toyota Ventures, Trajectory Ventures, Two Sigma Ventures, Uncork Capital, UpHonest Capital, Walden Catalyst Ventures, Y Combinator, Austin Ogilvie, Chris Bennett, Dylan Field, Elad Gil, Jacob Kerzner, Jeff Bezos, Justin Mateen, Leonardo DiCaprio, Paul Graham, Prescott Watson, Richard Branson, Sam Altman, Thomas Tull
Mar 1, 2025	Novatron	$11.0M Series A	—	ABB Technology Ventures, Asylum Ventures, Blackhorn Ventures, Construct Capital, Highline Beta Inc., High Line Venture Partners, Root Ventures, Third Sphere, Ron Pragides, Ryan Melohn
Mar 1, 2025	Tera AI	$8.0M Seed	—	8090 Industries, Afore Capital, Andreessen Horowitz, Bond, Felicis Ventures, Founders Fund, Hanabi Capital, Lux Capital, M12, Marlinspike, NFX, Polychain Capital, Mike Kerns, The Hit Forge, UpHonest Capital, VU Venture Partners, Y Combinator, Ameet Patel, Amit Agarwal, Audrey Gelman, Conor Bronsdon, Emmett Shear, Eric Futoran, Hari Lakshmanan, Kenji Niwa, Mark Pincus, Ron Pragides, Yoshua Bengio
Mar 1, 2025	Onyx	$10.0M Seed	—	Basecase Capital, Entrepreneur First, Greylock, Hanabi Capital, Khosla Ventures, Y Combinator, Aaron Levie, Ameet Patel, Brendan Iribe, Mike Krieger, Ron Pragides, Yoshua Bengio

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at iNovia Capital.

Leadership Team

Key people at iNovia Capital.

Gian Carlo Di Tommaso

Investor

Patrick Lor

Entrepreneur in Residence

Henri-Charles Machalani

Deep Dive

High-Level Overview

iNovia Capital is a Montréal-based venture capital firm that invests in founders building applied services and infrastructure platforms aimed at transforming complex legacy industries with global ambitions. The firm’s mission is to partner with visionary entrepreneurs to create enduring, impactful global technology companies. Their investment philosophy centers on providing multi-stage capital, operational support, and mentorship to startups primarily in North America and Europe, focusing on sectors such as FinTech, HR Tech, InsurTech, Software, PropTech, and Cybersecurity. iNovia plays a significant role in the startup ecosystem by backing companies from early stages through growth and pre-IPO, helping them scale internationally and navigate challenges beyond typical Silicon Valley support[1][2][4][6].

Origin Story

Founded in 2007, iNovia Capital was established by key partners including Chris Arsenault and Dennis Kavelman, with a team that has grown to include experienced operators and former executives such as former Google CFO Patrick Pichette. The firm evolved from early-stage investments in digital services to a full-stack venture capital model supporting companies across all development stages. This evolution reflects their commitment to long-term partnerships, exemplified by their continued involvement in companies like Lightspeed, which successfully went public. Their focus has expanded to include emerging technologies such as Generative AI, while maintaining a strong presence in Canadian and U.S. markets[1][3][4][7].

Core Differentiators

Unique Investment Model: iNovia offers multi-stage funding from pre-seed to pre-IPO, including growth and continuation funds that bridge late-stage startups to public markets.
Network Strength: The firm leverages a global network of investors, operators, and advisors, including high-profile tech veterans, to support portfolio companies.
Track Record: With over 68 portfolio companies, 58 successful exits, and more than 17,000 employees across its investments, iNovia has demonstrated consistent success.
Operating Support: iNovia emphasizes hands-on operational guidance, helping startups with board-building, cap table management, and talent acquisition, especially outside Silicon Valley.
Sector Expertise: Deep focus on transforming legacy industries through technology in FinTech, HR Tech, InsurTech, and more, often investing in companies that enable digital transformation and infrastructure modernization[1][4][6].

Role in the Broader Tech Landscape

iNovia Capital rides the wave of digital transformation and modernization of complex legacy industries by investing in applied services and infrastructure platforms. The timing is critical as many traditional sectors face disruption through cloud computing, AI, and SaaS innovations. Market forces such as increasing demand for scalable, global technology solutions and the rise of AI-driven services favor iNovia’s investment thesis. By supporting companies that address these trends, iNovia influences the broader ecosystem by enabling startups to scale globally, fostering innovation outside traditional tech hubs, and contributing to the growth of Canadian and North American tech sectors[1][4][6].

Quick Take & Future Outlook

Looking ahead, iNovia Capital is poised to continue expanding its influence by backing startups that leverage emerging technologies like Generative AI and advanced SaaS platforms. Their strategy of providing long-term support through growth and continuation funds positions them well to shepherd companies through public market transitions. Trends such as AI adoption, digital infrastructure modernization, and global SaaS expansion will shape their journey. As iNovia deepens its global footprint and operational expertise, its role as a catalyst for transforming legacy industries with technology will likely grow, reinforcing its mission to build enduring global companies[1][2][4][6].

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: iNovia offers multi-stage funding from pre-seed to pre-IPO, including growth and continuation funds that bridge late-stage startups to public markets.
Network Strength: The firm leverages a global network of investors, operators, and advisors, including high-profile tech veterans, to support portfolio companies.
Track Record: With over 68 portfolio companies, 58 successful exits, and more than 17,000 employees across its investments, iNovia has demonstrated consistent success.
Operating Support: iNovia emphasizes hands-on operational guidance, helping startups with board-building, cap table management, and talent acquisition, especially outside Silicon Valley.
Sector Expertise: Deep focus on transforming legacy industries through technology in FinTech, HR Tech, InsurTech, and more, often investing in companies that enable digital transformation and infrastructure modernization[1][4][6].