Inovia Capital

Inovia Capital is a Montreal-based venture capital firm that backs software-enabled startups with global ambitions. The firm operates as a full-stack investor across early and growth stages, providing capital, coaching, and access to a broad network of talent in Canada, the United States, and Europe. It focuses on software-as-a-service and related sectors such as commerce, digital health, enterprise platforms, the future of work, security, travel, and hospitality, and emphasizes an operator mindset to help founders build influential and enduring businesses.

Shawn Abbott

Partner

Rania Ajakane

Analyst

Arianne Angers

Associate

Pascale Archambault

Vice President

Chris Arsenault

General Partner

Past deals in Software

Delos

Seed Round in 2025
Delos is a generative AI platform for organizational and business development for companies.

DIAMO

Seed Round in 2025
DIAMO is a company that develops AI-powered revenue management and marketing software tailored for the hospitality industry, specifically targeting smaller hotel properties. Its platform automates room pricing, helping independent hoteliers enhance operational efficiency and boost revenue. The software includes digital marketing tools and a branded booking engine, allowing hotels to increase direct bookings while minimizing reliance on third-party commissions. By providing these solutions, DIAMO enables smaller properties to compete effectively in the market without the burden of expensive and complex business technologies.

Vasco

Seed Round in 2025
Vasco is a software company that provides revenue architect, finance, consultants, revops solution for startup companies.

Upheal

Series A in 2024
Upheal is a digital platform designed for mental health clinicians. It uses AI-powered tools such as automated progress notes and secure video calling, aiming to reduce administrative burdens and enhance care delivery.

runQL

Pre Seed Round in 2024
runQL is a technology company that specializes in developing a smart query tool for data professionals. Their platform is designed to enhance database performance by providing features such as query writing assistance, version control, and team collaboration. This enables data-driven organizations to streamline their data access and analysis processes.

Scribenote

Seed Round in 2024
Scribenote is a technology company specializing in AI-driven medical scribe solutions for veterinarians. Its platform automates and simplifies the documentation process, reducing administrative tasks and allowing veterinarians to focus more on patient care. The system captures audio, generates transcripts, and creates SOAP notes during appointments, integrating seamlessly with practice management software. This streamlines workflows, enhances client experience, and improves overall efficiency in veterinary clinics.

Spare

Series B in 2024
Spare is a mobility management software company that enhances public transit services through on-demand and shared transportation solutions. The platform integrates various modes of transport, enabling efficient and accessible mobility for all users. Their platform uses advanced algorithms and data analytics to optimize routes, reduce wait times, and improve overall efficiency for transportation services. By optimizing transportation services and promoting shared rides, Spare Labs reduces traffic congestion and emissions, supporting more sustainable urban mobility.

Inscora

Pre Seed Round in 2024
Inscora specializes in providing technology-driven solutions for cyber insurance brokers. Its core offering is a next-generation platform that automates cyber risk assessments, scores insurability, and facilitates collaboration, helping brokers efficiently identify suitable clients, enhance cybersecurity measures, and simplify the insurance process.

BlinqIO

Seed Round in 2024
BlinqIO is a technology company that specializes in AI-driven test automation. It has developed an autonomous AI-operated virtual tester, which uses input test scenarios to autonomously create and execute test automation code. This solution aims to address the shortage of test automation resources and accelerate quality assurance across various digital platforms, including multilingual interfaces and diverse screen sizes.

Plenty

Seed Round in 2024
Plenty is a financial planning application that aims to help customers achieve financial independence more quickly. The company's software offers individualized insights at reasonable prices, allowing consumers to have a financial planning platform that helps them manage their wealth.

ai|coustics

Pre Seed Round in 2024
ai|coustics is a Berlin-based startup specializing in improving speech quality and intelligibility through advanced artificial intelligence algorithms. The company focuses on enhancing audio communication and content creation across various devices. Its offerings include solutions for telecommunications, video conferencing, hands-free headsets, hearing aids, and professional audio live broadcasting. Additionally, ai|coustics provides tools for podcasting and video production, as well as speech-to-text systems. By leveraging machine learning technology, ai|coustics enables users to significantly improve the clarity and quality of speech in audio recordings, catering to diverse needs within the digital communication and media sectors.

Bench IQ

Pre Seed Round in 2024
Bench IQ is a technology company that provides an AI-powered assistant for elite law firms and litigators. Its platform offers unparalleled insights into the decision-making patterns of judges, enabling attorneys to anticipate potential case outcomes and develop more effective strategies. By analyzing judges' rulings, the platform helps lawyers identify the most persuasive arguments and gain a strategic advantage in their cases.

Spellbook

Series A in 2024
Spellbook is a legal software startup that develops an AI-powered contract drafting platform for lawyers, using large language models like GPT-4 and legal datasets to improve contracting performance. It provides automation and online collaboration tools that help draft and review contracts faster, automate document creation, streamline routine legal tasks, and manage clients' minute books in a shared workspace. The platform reduces inefficiencies in client intake and enhances service delivery for law firms by enabling faster, more consistent drafting and collaboration.

Upheal

Seed Round in 2023
Upheal is a digital platform designed for mental health clinicians. It uses AI-powered tools such as automated progress notes and secure video calling, aiming to reduce administrative burdens and enhance care delivery.

Aikido Security

Seed Round in 2023
Aikido Security offers a developer-friendly software security platform that scans code, containers, and cloud infrastructure in nine different ways. It focuses on identifying and prioritizing critical vulnerabilities for swift resolution, reducing false positives to enable developers to maintain secure products while efficiently returning to coding.

Lakera

Seed Round in 2023
Lakera is a real-time GenAI security company focused on the safe and responsible development of artificial intelligence technologies. It provides mission-critical software that emphasizes safety and compliance in AI application development. The company's machine learning development kit allows organizations to create Generative AI applications while minimizing security and safety risks. Lakera's solutions empower development teams to identify flaws in computer vision systems, thereby preventing critical failures during operation and enhancing trust in AI products. Additionally, Lakera has developed Gandalf, an educational tool that has informed over one million users about AI security, reflecting its commitment to facilitating the secure adoption of AI technologies and staying ahead of emerging threats.

Spellbook

Seed Round in 2023
Spellbook is a legal software startup that develops an AI-powered contract drafting platform for lawyers, using large language models like GPT-4 and legal datasets to improve contracting performance. It provides automation and online collaboration tools that help draft and review contracts faster, automate document creation, streamline routine legal tasks, and manage clients' minute books in a shared workspace. The platform reduces inefficiencies in client intake and enhances service delivery for law firms by enabling faster, more consistent drafting and collaboration.

Plenty

Pre Seed Round in 2023
Plenty is a financial planning application that aims to help customers achieve financial independence more quickly. The company's software offers individualized insights at reasonable prices, allowing consumers to have a financial planning platform that helps them manage their wealth.

Fabacus

Seed Round in 2023
Fabacus is a global technology company that developed Xelacore, a modular cloud platform designed to digitally transform licensing and retail ecosystems. The platform connects licensors, licensees, agents, and retailers, providing visibility and control over the supply chain and standardized, governance-driven product information. By creating authenticated, universal product records, Xelacore enables collaboration across stakeholders, reduces risk, and improves agility, accuracy, and efficiency. The solution supports data validations and integrates with existing systems, accommodating bespoke business needs and helping to drive sales, combat counterfeiting, and unlock opportunities across the licensing value chain. Founded in 2016 and headquartered in London, Fabacus focuses on transforming brand licensing through data, enabling brands to maintain up-to-date product catalogs and governance across their consumer product licensing programs.

DarwinAI

Series A in 2022
DarwinAI Corp. is a Canadian company that specializes in artificial intelligence technology, particularly in the development of deep neural networks for enterprise applications. Founded in 2017 and based in Waterloo, the company offers GenSynth, a software platform designed for developers and data scientists to streamline the deep learning development process. GenSynth employs generative synthesis technology, allowing for the automatic creation of optimized, explainable AI models that meet specific performance criteria while ensuring transparency throughout the development stages. Additionally, DarwinAI has developed an AI-powered visual quality inspection system aimed at enhancing the PCBA manufacturing lifecycle. This system leverages specialized optics and advanced algorithms to detect defects in products, improving quality and consistency while reducing costs for manufacturers.

Conduit

Seed Round in 2022
Conduit is a payments platform that enables cross-border B2B transfers and invoice settlement between Latin America and the United States. It supports moving money between USD and multiple local currencies in emerging markets, providing faster settlement, increased visibility, and fewer steps than traditional payment rails. The platform aims to help global businesses execute cross-border transactions on the same day, offering transparent quotes and straightforward tooling for managing multi-currency transfers. By focusing on cross-border efficiency and scale between local fiat currencies and USD, Conduit seeks to simplify international payments and improve cash flow for customers operating in Latin America and beyond.

Life House

Series C in 2021
Life House is a vertically integrated hotel software and management company that develops proprietary tools to boost profitability, reliability, and guest experience for independent hoteliers. Its platform provides comprehensive management software and services to make owning and operating independent hotels easier and more profitable, while delivering a consistent and seamless guest experience. By integrating software and management capabilities, Life House enables boutique hotels to operate efficiently and offer travelers affordable, reliable stays.

Spare

Series A in 2021
Spare is a mobility management software company that enhances public transit services through on-demand and shared transportation solutions. The platform integrates various modes of transport, enabling efficient and accessible mobility for all users. Their platform uses advanced algorithms and data analytics to optimize routes, reduce wait times, and improve overall efficiency for transportation services. By optimizing transportation services and promoting shared rides, Spare Labs reduces traffic congestion and emissions, supporting more sustainable urban mobility.

Rewind

Series B in 2021
Founded in 2015, Rewind is dedicated to assisting small and medium businesses in maintaining their online growth. With over 30,000 customers across 100 countries, Rewind offers highly-rated software and support to help businesses manage their software-as-a-service data effectively. By providing solutions for data protection and recovery, Rewind enables businesses to safeguard the information necessary for their continued success and development.

Colabra

Seed Round in 2021
Colabra develops data integration and collaboration tools for scientific teams, enabling real-time collaboration, integration of all data, and agile project management. Its platform helps scientists track workflows, gather and share feedback, and publish data and outcomes, supporting research and development efforts by eliminating inefficiencies, boosting research efficiency, and fostering more innovative work.

Botpress

Series A in 2021
Botpress is an open-source chatbot platform that designs and develops tools for building, deploying, and managing conversational experiences. The platform supports scripted, AI-driven, and application-based chatbots and offers on-premises deployment. It provides a conversational flow management system, natural language understanding, and extensibility that can be managed by non-developers after deployment. Hundreds of thousands of developers and organizations use Botpress to power their conversational strategy.

ZenHub

Seed Round in 2021
ZenHub is a project management software company founded in 2014 in Vancouver, British Columbia, by Matthew Butler. The software is specifically designed to assist developers in enhancing the software development lifecycle by facilitating project planning directly within GitHub. ZenHub automates workflows to eliminate redundancies, streamline processes, and reduce delays associated with hand-offs. By utilizing live data, it helps organizations identify risks and bottlenecks, while also providing a real-time roadmap for projects. This allows clients to focus more on coding and less on managing their work, ultimately improving overall productivity in software development.

Rewind

Series A in 2021
Founded in 2015, Rewind is dedicated to assisting small and medium businesses in maintaining their online growth. With over 30,000 customers across 100 countries, Rewind offers highly-rated software and support to help businesses manage their software-as-a-service data effectively. By providing solutions for data protection and recovery, Rewind enables businesses to safeguard the information necessary for their continued success and development.

Nacelle

Series A in 2021
Founded in 2019, Nacelle develops headless e-commerce software that connects with an online store's product catalog. Its platform enables merchants to connect with their platform, developers to create storefronts without coding, and agencies to add apps. It also offers headless progressive web app implementation for existing Shopify stores.

DarwinAI

Seed Round in 2020
DarwinAI Corp. is a Canadian company that specializes in artificial intelligence technology, particularly in the development of deep neural networks for enterprise applications. Founded in 2017 and based in Waterloo, the company offers GenSynth, a software platform designed for developers and data scientists to streamline the deep learning development process. GenSynth employs generative synthesis technology, allowing for the automatic creation of optimized, explainable AI models that meet specific performance criteria while ensuring transparency throughout the development stages. Additionally, DarwinAI has developed an AI-powered visual quality inspection system aimed at enhancing the PCBA manufacturing lifecycle. This system leverages specialized optics and advanced algorithms to detect defects in products, improving quality and consistency while reducing costs for manufacturers.

Poka

Venture Round in 2020
Founded in 2013, Poka develops performance support software that connects factory workers with digital manufacturing operations. Its platform aids manufacturers by facilitating on-the-floor training, knowledge building, and communication among workers, leading to improved productivity, reduced downtime, and enhanced quality and safety.

HyperComply

Pre Seed Round in 2019
HyperComply Inc. is a Canadian company founded in 2019 that operates an online platform designed to streamline the process of completing client security questionnaires. The platform enables procurement teams to send and track security questionnaires efficiently at no cost, while sales teams can respond to these inquiries within a guaranteed timeframe of one day. HyperComply's software provides tools for spreadsheet management, file sharing, web forms, and access to reference security documentation, facilitating a straightforward experience for both vendors and purchasers. By simplifying third-party risk evaluation and management, HyperComply enhances the efficiency and accuracy of the security questionnaire process.

Fabacus

Seed Round in 2019
Fabacus is a global technology company that developed Xelacore, a modular cloud platform designed to digitally transform licensing and retail ecosystems. The platform connects licensors, licensees, agents, and retailers, providing visibility and control over the supply chain and standardized, governance-driven product information. By creating authenticated, universal product records, Xelacore enables collaboration across stakeholders, reduces risk, and improves agility, accuracy, and efficiency. The solution supports data validations and integrates with existing systems, accommodating bespoke business needs and helping to drive sales, combat counterfeiting, and unlock opportunities across the licensing value chain. Founded in 2016 and headquartered in London, Fabacus focuses on transforming brand licensing through data, enabling brands to maintain up-to-date product catalogs and governance across their consumer product licensing programs.

DarwinAI

Seed Round in 2018
DarwinAI Corp. is a Canadian company that specializes in artificial intelligence technology, particularly in the development of deep neural networks for enterprise applications. Founded in 2017 and based in Waterloo, the company offers GenSynth, a software platform designed for developers and data scientists to streamline the deep learning development process. GenSynth employs generative synthesis technology, allowing for the automatic creation of optimized, explainable AI models that meet specific performance criteria while ensuring transparency throughout the development stages. Additionally, DarwinAI has developed an AI-powered visual quality inspection system aimed at enhancing the PCBA manufacturing lifecycle. This system leverages specialized optics and advanced algorithms to detect defects in products, improving quality and consistency while reducing costs for manufacturers.

Poka

Series A in 2018
Founded in 2013, Poka develops performance support software that connects factory workers with digital manufacturing operations. Its platform aids manufacturers by facilitating on-the-floor training, knowledge building, and communication among workers, leading to improved productivity, reduced downtime, and enhanced quality and safety.

TrackTik

Series A in 2017
TrackTik is a cloud-based operation management software specifically designed for the security industry. It aims to enhance visibility, productivity, and competitiveness for security companies by offering features such as real-time guard management, incident reporting, and back-office administrative functions. The platform includes tools for tracking, scheduling, and dispatching, enabling firms to optimize processes, mitigate risks, and strengthen client trust. With powerful business intelligence modules and automated financial management capabilities, TrackTik empowers security guard firms and in-house security teams to operate efficiently and effectively. Ultimately, the company focuses on improving the overall business performance of its clients through user-friendly mobile and web-based technology.

Camino

Seed Round in 2017
Camino.ai is a technology company based in San Francisco, California, founded in 2017. It specializes in developing workflow-based software aimed at reforming the permitting and development processes for cities. By partnering with local governments, Camino seeks to enhance economic development, helping municipalities attract new businesses, construct safe and affordable housing, and foster vibrant communities. The company offers a virtual assistant known as Permit Guide, which streamlines the permit application process for individuals, businesses, and government entities. Its software incorporates Artificial Intelligence to assist governmental staff in managing their growing workload efficiently. Camino is dedicated to simplifying the permitting experience, making it as straightforward as booking a flight online.

Chatkit

Seed Round in 2017
Chatkit Inc. is a Toronto-based company founded in 2016 that specializes in conversational marketing. It provides an AI-driven chatbot platform designed for social marketers, retailers, and Shopify merchants, enabling brands to manage and automate customer conversations across various messaging channels, including Facebook Messenger. By facilitating dynamic, two-way dialogues, Chatkit helps businesses enhance customer engagement and build lasting relationships. The platform also measures customer interaction and the effectiveness of products, empowering companies to boost sales and foster customer loyalty.

VendorHawk

Seed Round in 2017
VendorHawk Inc. is a Seattle-based company that specializes in developing a cloud-based application designed to centralize and analyze costs associated with Software as a Service (SaaS) and software vendors. The VendorHawk application aids users in optimizing their SaaS spending and improving the utilization of applications and vendor services. In addition to its software offerings, VendorHawk provides consulting services aimed at identifying wasteful expenditures and delivering actionable recommendations for cost optimization. Established in 2016, VendorHawk operates as a subsidiary of ServiceNow, Inc.

Nexosis

Venture Round in 2016
Nexosis, founded in 2015, is a software company based in Westerville, Ohio, that develops automated machine learning platforms for data-driven decision-making. It primarily serves the retail, quick service restaurants, food/beverage, and consumer packaged goods industries. Nexosis offers Axon, a machine learning platform that ingests multiple data sources to generate actionable insights, helping businesses forecast inventory needs more accurately. As of July 10, 2018, Nexosis operates as a subsidiary of DataRobot, Inc.

Smooch

Seed Round in 2016
Smooch Technologies, established in 2015 and headquartered in Montreal, Canada, specializes in developing a cloud-based messaging platform. This platform facilitates businesses, ranging from startups to enterprises, to engage with customers across various channels such as messaging apps, SMS, websites, and mobile apps. Key features include cross-channel messaging, live web messaging, in-app messaging, social messaging, programmable SMS, rich messaging, messaging developer API, chatbot connectors, and integrations. As of May 14, 2019, Smooch operates as a subsidiary of Zendesk, Inc.

Poka

Series A in 2016
Founded in 2013, Poka develops performance support software that connects factory workers with digital manufacturing operations. Its platform aids manufacturers by facilitating on-the-floor training, knowledge building, and communication among workers, leading to improved productivity, reduced downtime, and enhanced quality and safety.

Routehappy

Series B in 2015
Routehappy, Inc. is a product differentiation platform that specializes in enhancing the air travel experience by providing comprehensive data, content, and tools focused on product differentiation. Founded in 2010 and based in New York, the company offers its platform, Routehappy Hub, which allows airlines to manage and distribute rich content about their services. Key offerings include the SHF (Smart Happy Flight), which features detailed attributes such as headlines, descriptions, icons, photos, and videos specific to flights, cabins, fare families, and routes. Additionally, Routehappy provides an API that facilitates access to SHF content and third-party integrations that assist airlines in marketing and selling flights. The company is dedicated to improving flight shopping and marketing through unbiased flight scores and amenity data, equipping airlines and distributors to better serve their customers. Routehappy, Inc. operates as a subsidiary of the Airline Tariff Publishing Company.

TrackTik

Seed Round in 2015
TrackTik is a cloud-based operation management software specifically designed for the security industry. It aims to enhance visibility, productivity, and competitiveness for security companies by offering features such as real-time guard management, incident reporting, and back-office administrative functions. The platform includes tools for tracking, scheduling, and dispatching, enabling firms to optimize processes, mitigate risks, and strengthen client trust. With powerful business intelligence modules and automated financial management capabilities, TrackTik empowers security guard firms and in-house security teams to operate efficiently and effectively. Ultimately, the company focuses on improving the overall business performance of its clients through user-friendly mobile and web-based technology.

Poka

Seed Round in 2015
Founded in 2013, Poka develops performance support software that connects factory workers with digital manufacturing operations. Its platform aids manufacturers by facilitating on-the-floor training, knowledge building, and communication among workers, leading to improved productivity, reduced downtime, and enhanced quality and safety.

Routehappy

Series A in 2014
Routehappy, Inc. is a product differentiation platform that specializes in enhancing the air travel experience by providing comprehensive data, content, and tools focused on product differentiation. Founded in 2010 and based in New York, the company offers its platform, Routehappy Hub, which allows airlines to manage and distribute rich content about their services. Key offerings include the SHF (Smart Happy Flight), which features detailed attributes such as headlines, descriptions, icons, photos, and videos specific to flights, cabins, fare families, and routes. Additionally, Routehappy provides an API that facilitates access to SHF content and third-party integrations that assist airlines in marketing and selling flights. The company is dedicated to improving flight shopping and marketing through unbiased flight scores and amenity data, equipping airlines and distributors to better serve their customers. Routehappy, Inc. operates as a subsidiary of the Airline Tariff Publishing Company.

Vectr

Pre Seed Round in 2014
Vectr Labs Inc. is a software company specializing in graphic design tools that enable users to create vector images, which are graphics that maintain their quality regardless of scaling. Founded in 2014 and based in San Francisco, California, Vectr's software operates on both web and desktop platforms, allowing for seamless file synchronization and real-time sharing. The intuitive interface is designed to make graphic design accessible to users of all skill levels, empowering them to create and edit graphics effortlessly. Vectr Labs Inc. is a subsidiary of 123RF LLC, as announced in a transaction on November 12, 2017.

Fixmo Carrier Services

Series B in 2011
Fixmo Carrier Services, formerly known as Perlego, is a provider of end-to-end mobile device management software, specializing in solutions that enable enterprises, resellers, and device manufacturers to oversee deployed wireless devices across various platforms and carriers. The company operates on a software-as-a-service model, offering a range of mobile solutions tailored for corporate clients. Among its notable products is Perlego Backup, designed specifically for BlackBerry smartphones, which allows users to back up essential data such as contacts, music, pictures, and videos. Additionally, Perlego Plus enhances data management capabilities by enabling clients to view and export backup data to social media, restore information to any supported smartphone, and securely wipe data from devices that are lost or stolen.

StatusNet

Series A in 2010
StatusNet Inc., based in Montreal, Quebec, develops open-source microblogging software called StatusNet. This allows users to run their own microblogging services, similar to traditional blogging platforms like WordPress. The company's primary product is Identi.ca, a popular site powered by StatusNet. They also offer cloud-based solutions for public and private microblogging sites, akin to the business model of WordPress.

StatusNet

Seed Round in 2009
StatusNet Inc., based in Montreal, Quebec, develops open-source microblogging software called StatusNet. This allows users to run their own microblogging services, similar to traditional blogging platforms like WordPress. The company's primary product is Identi.ca, a popular site powered by StatusNet. They also offer cloud-based solutions for public and private microblogging sites, akin to the business model of WordPress.

Ryma Technology Solutions

Series B in 2008
Founded in 2000, Ryma is a leader in product management solutions—developing and selling processes, expertise and tools that enable our customers to develop better products. Our award-winning software solution FeaturePlan™ simplifies the implementation of any product management process and is used by industry-leading companies, such as: ADP, BMC Software, Camstar, EMC, GE Healthcare, NetApp, Sage and Trend Micro. Ryma is based in Montreal, Canada with a Center of Excellence in Austin, Texas. For more information, visit www.rymatech.com.

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.

Callio Technologies

Venture Round in 2005
Callio Technologies, Inc. provides information security compliance software and tools to organizations in Canada and internationally. It offers Secura, a multilingual software for developing, implementing, managing, and certifying information security management systems. It serves its customers, resellers, and consultants. The company was founded in 2001 and is based in Sherbrooke, Canada.
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