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Inovia Capital is a full-stack venture capital firm founded in 2007 in Montreal, Canada. The firm has grown to manage over $2.2 billion in assets under management (AUM) and has established a significant presence across North America and Europe, with offices in Montreal, Toronto, Calgary, San Francisco, London, and Abu Dhabi. Since its inception, Inovia has achieved notable milestones, including backing 10 unicorns, facilitating 4 IPOs, and overseeing more than 60 acquisitions.
Inovia Capital's investment strategy is characterized by its commitment to technology-driven companies, particularly in sectors such as artificial intelligence, cybersecurity, digital health, fintech, and software. The firm operates multiple funds, including the Discovery Fund aimed at pre-seed and seed-stage investments, and the Venture Scientist Fund in collaboration with Mila, focusing on AI research commercialization.
Inovia Capital invests across various stages, from pre-seed to pre-IPO, with a check size range of $1 million to $25 million. The firm primarily targets sectors such as artificial intelligence, cybersecurity, digital health, fintech, HR tech, and SaaS. Inovia's investment strategy is structured around three main areas: Discovery, Venture, and Growth, allowing them to support companies at different stages of their development.
The firm emphasizes investing in AI-native companies and emerging technologies, with a primary focus on Canadian and North American markets, while also expanding into Europe. Inovia seeks to build long-term relationships with founders, providing not just capital but also insights and mentorship to foster impactful global companies.
Inovia Capital's portfolio is extensive, comprising a total of 373 investments, including 10 unicorns. The firm has made significant investments in various stages, with 92 seed investments averaging $3.82 million and 63 Series A investments averaging $8.95 million. Notable companies in their portfolio include:
Recent investments include Layercode, Modem, and Sentra, all made in February 2026.
Karamdeep Nijjar: Partner, Discovery Fund. Karamdeep has extensive experience in venture capital and has led numerous investments in early-stage technology companies.
Raif Jacobs: Partner, Precede Fund. Raif specializes in supporting startups at the pre-seed stage, focusing on innovative technology solutions.
Marianne Dubois: Head of Discovery. Marianne oversees the Discovery Fund and has a strong background in identifying and nurturing emerging tech talent.
Prateek Mehan: Analyst, Precede Fund. Prateek supports the investment team with market research and analysis, contributing to the firm's decision-making process.
Startups interested in pitching to Inovia Capital should submit their proposals through the firm's website at inovia.vc. The pitch deck should include details about the business model, market opportunity, and team. Inovia typically responds within a few weeks, and warm introductions are preferred but not mandatory.
The Inovia Discovery Program is designed to support emerging fund managers and early-stage companies in North America and Europe. This program provides capital, strategic resources, and mentorship to foster the next generation of venture capital firms and tech companies.
Inovia Capital has been actively investing, with a total of 373 investments as of February 2026. Recent notable investments include Layercode, Modem, and Sentra, all made in February 2026. The firm continues to expand its portfolio, focusing on technology-driven companies across various sectors.
Q?
What are Inovia Capital's investment criteria?
A: Inovia Capital invests in technology-driven companies across various sectors, focusing on pre-seed to pre-IPO stages with check sizes ranging from $1 million to $25 million.
Q?
How can startups apply or pitch to Inovia Capital?
A: Startups can pitch through the Inovia Capital website at inovia.vc. They should include a detailed deck outlining their business model, market opportunity, and team.
Q?
What makes Inovia Capital different from other venture firms?
A: Inovia Capital emphasizes building long-term relationships with founders and provides full-stack support from pre-seed to pre-IPO stages, leveraging their extensive network and resources.
Q?
What is the geographic scope of Inovia Capital's investments?
A: Inovia primarily invests in Canada and the United States, with a growing focus on Europe.
Q?
What is Inovia Capital's post-investment involvement like?
A: Inovia Capital actively supports its portfolio companies through mentorship, strategic resources, and access to their international network.
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