Organization: iNovia Capital

Editorial – 30-10

Is Canada finally getting its innovation house in order? Two recent developments offer encouraging signs that federal (and provincial) policy is beginning to address past shortcomings at both ends of the innovation spectrum, acknowledging the importance of fundamental research and ensuring that rapidly expanding tech firms grow while remaining in Canada.

Clearpath Robotics raises $14 million in venture capital

Clearpath Robotics has raised $14 million in venture capital funding to expand its portfolio of industrial applications. The Kitchener ON-based spinoff from the Univ of Waterloo bills itself as dedicated to automating the world’s “dullest, dirtiest and deadliest jobs” that will enable North American firms to onshore manufacturing rather than chase cheap labour. The latest…

Clearpath Robotics raises $14 million in venture capital

Clearpath Robotics has raised $14 million in venture capital funding to expand its portfolio of industrial applications. The Kitchener ON-based spinoff from the Univ of Waterloo bills itself as dedicated to automating the world’s “dullest, dirtiest and deadliest jobs” that will enable North American firms to onshore manufacturing rather than chase cheap labour. The latest…

Allocadia received $7 million in series ‘A’ VC financing

Allocadia Software, Vancouver, has received $7 million in series A financing is to expand marketing and further develop its software products for moving market planning, budgeting and analysis from spreadsheets to the cloud. The financing was led by Altos Ventures, Menlo Park CA, as well as Montreal-based iNovia Capital, Illuminate Ventures, Oakland CA, Beehive Holdings,…

iNovia invests $8.6 million in Mitre Media

Edmonton-based Mitre Media has raised $8.6-million from a group of investors led by iNovia Capital. The firm — formed in January/12 — will use the proceeds to establish an on-line financial service for high net worth investors financial advisors, and financial decision makers. The company will grow through acquisitions, with two already completed earlier this…

iNovia Capital creates third venture capital fund

iNovia Capital has raised $100 million to launch its third fund as it builds on its strategy of focusing on companies in the Internet, digital media and communications sectors. Funding of iNovia Investment Fund III LP was secured from new and existing investors including Teralys Capital, BDC Venture Capital, AVAC Ltd, Alberta Enterprise, BC Renaissance…

Gamerizon received $5-million private placement

Montreal-based Gamerizon has closed a $5-million private placement to further develop the breadth and scope of its mobile gaming product line and make 100 new hires over the next two years. Financing for the three-year-old company was provided by Vanedge Capital and iNovia Capital…

Mimetogen Pharmaceuticals receives series B financing

Montreal-based Mimetogen Pharmaceuticals has closed a series B financing round to further develop its neurotrophin mimetics to treat dry eye and other degenerative ocular disorders. The financing is provided by Medwell Capital Inc, which is committing up to $2-million in the privately held, clinical-stage spin off from McGill Univ and Lady Davis Institute for Medical…

iNovia invests in online ad metrics platform

Montreal’s iNovia Capital and New York-based Greycroft Partners have invested $6.75 million in Vizu Corp, a San Francisco developer of a real-time online brand ad effectiveness metrics platform. The financing will allow Vizu to further develop its technology and increase is sales and client services capacity. The Ad Catalyst platform allows firms to measure the…

Peraso technologies secures $10 million in financing

Toronto’s Peraso Technologies Inc has received $10 million in series A financing to develop and commercialize its multi-gigabit mmwave transceiver technology. The fabless semiconductor company received funding from Celtic House Venture Partners, iNovia Capital and VentureLink Funds. Celtic House says it expects Peraso to take advantage of synergies with its portfolio of consumer electronics-based companies…