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Investor profile

Inovia Capital

Venture Capital · Founded 2007 · Montreal, Canada

Inovia Capital is a venture capital firm that partners with founders to build impactful and enduring global companies

202 portfolio companies Venture Capital · $6.2B invested · 317 investments · Investor rank #465 · Last investment 7/2026
Portfolio companies 202 ↑ 48% 5y
Decacorns 1
Thoroughbreds 10 ↑ 14% 5y
01 · Biggest holdings

Inovia Capital’s biggest current holdings.

The most valuable companies Inovia Capital still holds — unicorns and thoroughbreds it has backed, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Where a cap table names Inovia Capital directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value
  1. 1 CohereDecacorn · Enterprise Software · Canada 8.5% $20.0B $1.7B
  2. 2 HopperUnicorn · Travel · Canada $5.0B
  3. 3 OneTrustUnicorn · Security · USA $4.5B
  4. 4 Neo4jUnicorn · Enterprise Software · USA 2.8% $2.2B $62M
  5. 5 ClearcoUnicorn · Fintech · Canada 22% $2.0B $440M
  6. 6 PhotonicUnicorn · Semiconductors · Canada $2.0B
  7. 7 AppDirectUnicorn · Marketing · USA 16% $1.5B $240M
  8. 8 ForwardUnicorn · Health · USA $1.1B
  9. 9 ZwiftUnicorn · Gaming · USA $1.0B
  10. 10 Aikido SecurityUnicorn · Security · Belgium $1.0B
  11. 11 Neo FinancialFintech · Canada $201M

Estimated value = Inovia Capital’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. See the underlying cap tables on Dealroom →

02 · Portfolio analysis

Where Inovia Capital’s portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 202 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. Canada115
  2. USA78
  3. UK8
  4. Spain3
  5. Belgium2
  6. France2
  7. Germany2
  8. Netherlands2
  9. Austria1
  10. Ireland1
  11. Singapore1
  12. Sweden1
By sectorCount
  1. Enterprise Software59
  2. Fintech37
  3. Marketing28
  4. Media20
  5. Health16
  6. Security16
  7. Transportation13
  8. Travel11
  9. Jobs Recruitment8
  10. Telecom7
  11. Education6
  12. Energy6
By stage enteredCount
  1. Seed97
  2. Series A71
  3. Series B+33
By growth stageCount
  1. Early Growth107
  2. Breakout Stage71
  3. Late Growth38
03 · Portfolio market map

Inside Inovia Capital’s portfolio.

The 60 highest-funded portfolio companies, of 202 tracked.

Cohere
Enterprise Software · Decacorn
$20B
Wealthsimple
Fintech · Unicorn
$7.3B
OneTrust
Security · Unicorn
$4.5B
Sonder
Travel · Unicorn
$1.2B
Hopper
Travel · Unicorn
$5.0B
Neo4j
Enterprise Software · Unicorn
$2.2B
Zwift
Gaming · Unicorn
$1.0B
Neo Financial
Fintech
$201M
AppDirect
Marketing · Unicorn
$1.5B
Clearco
Fintech · Unicorn
$2.0B
WorkFusion
Fintech · Unicorn
$1.1B
Photonic
Semiconductors · Unicorn
$2.0B
Forward
Health · Unicorn
$1.1B
Lightspeed
Food
$994M
Fractile
Semiconductors
$880M
AlayaCare
Health
$660M
Top Hat
Education
$370M
Super.com
Travel · Unicorn
$1.2B
Life House Hotels
Travel
$240M
Milestone Pharmaceuticals
Health
$27M
PEX Card
Fintech
$16M
Booksy
Wellness Beauty
$280M
WorkJam
Enterprise Software
$200M
RenoRun
Real Estate
$568M
BenchSci
Health
$279M
North
Fashion
$480M
Talent
Jobs Recruitment
$480M
Symend
Fintech
$160M
Float
Fintech
$402M
Wellfound
Jobs Recruitment
$400M
Certn
Fintech
$250M
Flinks
Fintech
$412M
Bench Accounting
Fintech
$240M
Relay Financial
Fintech
$129M
Peraso Technologies
Telecom
$8.8M
Visto
Marketing
$80M
Spare
Transportation
$214M
Yasa
Transportation
$95M
Aikido Security
Security · Unicorn
$1.0B
VarageSale
Fashion
$136M
Drivewyze
Transportation
$30M
Spellbook | Rally
Legal
$350M
Rewind
Security
$260M
Clearpath
Robotics
$145M
Tulip Retail
Enterprise Software
$200M
Neeva
Media
$150M
LabGenius
Health
$185M
Vidyard
Media
$175M
Nacelle
Enterprise Software
$200M
Properly
Real Estate
$175M
Boosted
Travel
$240M
Conduit
Fintech
$144M
Novisto
Enterprise Software
$111M
Future Family
Health
$100M
gaiia
Enterprise Software
$160M
Sequence
Gaming
$160M
TrackTik
Security
$180M
Barosense
Health
$108M
Planned
Event Tech
$103M
Airborne
Transportation
$70M
04 · Portfolio founders

Where Inovia Capital’s portfolio founders come from.

166 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. Canada95
  2. United States46
  3. United Kingdom6
  4. Australia3
  5. Belgium3
  6. Switzerland3
  7. China2
  8. Netherlands2
  9. France1
  10. Lebanon1
UniversityCount
  1. University of Waterloo18
  2. McGill University13
  3. University of Toronto11
  4. Laval University6
  5. Massachusetts Institute of Technology6
  6. The University of British Columbia5
  7. University of Oxford5
  8. University of Saskatchewan5
  9. ETS University4
  10. McMaster University4
Previous companyCount
  1. Alphabet | Google5
  2. Accesinternet4
  3. IBM4
  4. RentMoola4
  5. Bell Canada3
  6. Centre de recherche du CHU de Qu?bec3
  7. Deutsche Bank3
  8. Encription3
  9. McKinsey & Company3
  10. Moxxi3