Organization: iNovia Capital

Allostera raised $17 million in VC financing

Montreal-based Allostera Pharma Inc has raised $17 million in series ‘A’ financing to develop a new class of drugs based on the firm’s proprietary Module X platform technology. So-called allosteramers use modified peptides with highly specific targets that can be developed rapidly and can be taken orally, which may make them more widely accepted than…

Cool IT Systems receives $6.2 million in financing

Cool IT Systems has received $6.2 million in financing to advance its liquid cooling technology for computers and other electronics, expand its sale channels internationally and finance an acquisition that is in negotiations. The investment in the Calgary-based firm was made by iNovia Capital, existing angel investors and AVAC Ltd. Cool IT is hoping to…

iNovia invests in on-line tracker technology

iNovia Capital has invested in Calgary-based Tynt Multimedia Inc to complete a $5-million financing round that includes angel investors and AVAC Ltd. Tynt will use the funding to further develop products for online publishers and Internet site operators. The company — founded in 2007 by three Calgary-based serial entrepreneurs — has patented technology that offers…

Nanoledge closes series A financing

Nanoledge Inc has closed a multi-million dollar series A financing round to further its development and manufacture of resins that integrate nanoparticles into composite materials. The firm, which recently re-located to Montreal from France sells its base resins into several industries including aerospace, high-tech, wind energy and sporting goods. The amount of the financing round…

Ryma receives $7 million in venture financing

Ryma Technology Solutions has received $7 million in series B venture financing to accelerate development and commercialization of its integrated product management software. The Montreal-based firm received funding for the first time from iNovia Capital and follow-on financing from Novacap. Ryma software applications target new segments of the enterprise software market, minimizing risk by anticipating…

iNovia inks agreements with Alberta institutions

iNovia Capital — formerly MSBi Capital — is implementing its strategic plan to expand beyond its Quebec base with a series of collaborative agreements with several academic institutions, primarily in Alberta. The seed and early-stage venture capital fund recently launched its $107-million iNovia Investment Fund II LP and has signed cooperation agreements with AVAC Ltd,…

iNovia Capital launches new $107-million fund

iNovia Capital has launched a $107-million seed and early stage venture capital fund focused on the information technology, cleantech and life sciences sectors. iNovia Investment Fund II LP has attracted the participation of more than a dozen backers including Consensus Business Group, Caisse de dépôt et placement du Québec, FIER Partners, BDC Capital, AVAC Ltd,…

MSBi Capital changes name to iNovia Capital

MSBi Capital has changed its name to iNovia Capital, broadening its network of academic partner institutions and expanding its business model beyond the Montreal region. MSBi was created in 2002 with funding from Valorisation-Recherche Quebec (VRQ) with $11 million in seed funding to commercialize technologies from McGill Univ, Sherbrooke Univ and Bishop’s Univ. It is…