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Inovia Capital

Inovia Capital is a Canadian venture firm leading early-to-growth rounds across North America.

Active VC 🇨🇦 Canada · Canada
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Portfolio Active
5
Latest Upheal
Deal flow
$953.2M
6 rounds
Unicorns
1
≥ $1B valuation
Founded
—
Latest
Apr 2026
Cohere

About Inovia Capital

Inovia Capital is a Canadian venture firm leading early-to-growth rounds across North America.

Investment activity

2023–2026
$270M
$60M
$600M
1
'23
2
'25
1
'26

Sector focus

🏢 AI Infrastructure 2
🧠 Foundation Models 2
🛠️ AI Developer Tools 2
🧘 AI Mental Health 1
🩺 AI Medical 1
📜 AI Transcription 1
⚖️ AI Legal 1
🏥 AI Healthcare 1

Geographic focus

CA 3
US 1

Portfolio

5

Upheal

AI-native EHR and clinical notes for mental health therapists

Scribenote

AI scribe that turns vet visits into SOAP notes in seconds

Vidyard

Cohere

Enterprise AI for language understanding

Spellbook

AI contract review for lawyers

Co-investors

8

NVIDIA

2 shared

BMO Capital Partners

1 shared

Export Development Canada

1 shared

Velocity Fund

1 shared

KAYA

1 shared

Credo Ventures

1 shared

Headline

1 shared

Bessemer Venture Partners

1 shared

Recent rounds

6
Apr 24, 2026 Series E $600M Lead Cohere
Oct 9, 2025 Series B $50M Lead Spellbook
Jan 1, 2025 Series A $10M Upheal
Jun 8, 2023 Series C $270M Lead Cohere
Seed $8.2M Scribenote
Venture Round $15M Vidyard