Investors / Inovia Capital
Inovia Capital
Inovia Capital is a venture capital firm based in Canada. Inovia Capital has backed 34 Canadian AI companies in the Index, joining 31 tracked rounds and leading 16. The most recent was Cohere's C$7B Series E in October 2026. Inovia Capital most often invests alongside NVentures (Nvidia), AMD Ventures and Bling Capital.
VC based in Canada. 34 Canadian AI companies in the Index, 31 tracked rounds, 16 as lead.
- Type
- VC
- HQ country
- Canada
- Companies
- 34
- Tracked rounds
- 31
- Led
- 16
- First tracked deal
- Symend, May 2020
- Latest tracked deal
- Cohere, Oct 2026
- Website
- inovia.vc
Portfolio
| Company | Rounds joined (date, round size) | Company's total raised | Role |
|---|---|---|---|
| Cohere | Series C · Jun 2023 · US$270M round (lead)Venture round · Aug 2025 · US$500M round (lead)Bridge/Extension · Sep 2025 · US$100M roundSeries E · Oct 2026 · C$7B round | C$9.1B | Led Series C, a venture round |
| Peripheral Labs | Seed · Aug 2026 · US$8.7M round (lead) | US$12.3M | Lead |
| Skyfall AI | Venture round · Jul 2026 | — | — |
| Paraito | Pre-seed · Jul 2026 · C$2.7M round (lead) | C$2.7M | Lead |
| Katalyze AI | Seed · Jul 2026 · US$10.5M round | US$10.5M | — |
| Autonomique | Seed · Jun 2026 | — | — |
| Modem | Pre-seed · Feb 2026 · US$4.4M round (lead) | US$4.4M | Lead |
| Toyo | Seed · Feb 2026 · US$4.3M round | US$4.3M | — |
| Spellbook | Seed · May 2023 · US$10.9M roundSeries A · Jan 2024 · US$20M round (lead)Series B · Oct 2025 · US$50M round | C$113.3M | Led Series A |
| Bench IQ | Seed · Aug 2025 · US$5.3M round (lead) | US$7.4M | Lead |
| Cavelo | Seed · Nov 2023 · C$5M round (lead)Bridge/Extension · Jul 2025 · C$5M round (lead) | C$10M | Lead |
| Botpress | Series B · Jun 2025 · US$25M round | US$25M | — |
| Vessel | Seed · Jun 2025 · US$7.5M round (lead) | US$7.5M | Lead |
| Novisto | Series C · May 2025 · US$27M round (lead) | C$37.9M | Lead |
| runQL | Pre-seed · Nov 2024 · C$1.6M round | C$1.6M | — |
| Scribenote | Seed · Sep 2024 · US$8.2M round | US$8.2M | — |
| Landbase | Seed · Sep 2024 · US$12.5M round | US$42.5M | — |
| Spare | Series B · Sep 2024 · C$42M round (lead) | C$42M | Lead |
| Reliant AI | Seed · Aug 2024 · US$11.3M round (lead) | US$11.3M | Lead |
| Optionality.ai | Pre-seed · Feb 2024 (lead) | — | Lead |
| Inverted AI | Seed · Dec 2023 · C$5.3M round | C$5.3M | — |
| HumanFirst | Seed · Jul 2023 · C$5M round | C$5M | — |
| BenchSci | Series D · May 2023 · C$95M round | C$95M | — |
| Symend | Series B · May 2020 · US$52M round (lead)Venture round · Nov 2022 · US$40M round (lead) | US$92M | Lead |
| CoolIT Systems* | — | — | — |
| DarwinAI* | — | — | — |
| Fellow* | — | — | — |
| Granify* | — | — | — |
| Hopper* | — | — | — |
| North* | — | — | — |
| Ranger AI* | — | — | — |
| Signal 1* | — | — | — |
| Tempo* | — | — | — |
| Thri5* | — | US$5.4M | — |
A round's size is the whole round as announced, not this investor's cheque.
* Held per the firm's portfolio page or reported coverage, without a round tracked in the Index.
Frequent co-investors
NVentures (Nvidia) (4 shared rounds), AMD Ventures (2 shared rounds), Bling Capital (2 shared rounds), Deloitte Ventures (2 shared rounds), Garage Capital (2 shared rounds), Golden Ventures (2 shared rounds), Khosla Ventures (2 shared rounds), Mistral Venture Partners (2 shared rounds)
In the newsletter
Data as of November 10, 2026.