Inovia Q3: Internal Rounds, New Team Members, Doubling Down on Waterloo, and Back to In-Person Meetups!

Friends,

We hope you had a great summer and enjoyed some well deserved rest in anticipation of a busy fall! On our end, the team was busy reviewing 2-year plans of our core portfolio companies and we focused on closing 4 internal financing rounds to strengthen some companies’ balance sheets.

In addition, our team actively engaged with the ecosystem across Canada, participating in the Atlantic Venture Forum in Halifax to speaking at the Raj Manek Banquet in Saskatoon to attending Hack-the-NorthStartupFest, and cruising the St. Lawrence alongside RBCx and Fasken. It was amazing to connect in-person again with entrepreneurs from coast to coast.

We were also very honoured to have recently hosted a gathering of the vibrant Kitchener-Waterloo tech community celebrating the opening of our office in the region.

Over the summer, we welcomed five new Inovians to complement our team of company builders: Prem Kalevar, Vice-President, Discovery Program; Kate Whelan, Manager, Platform-Talent; Etienne Gauthier, Investment Associate; Anna Gostevcic, Investment Analyst; and Chantel Paul, Executive Assistant.

And to top it off, we are very proud of Chris Arsenault, winner of the Player of Year Award at the Réseau Capital’s Recognition Event.

We remind candidates looking for their next role in tech that we have aggregated the many open positions in our portfolio companies into one central job board. Please access it from our website and have a look at the many excellent in-person and remote roles in Canada and worldwide.

We wish you a very productive year-end!

— The Inovia Team

Portfolio companies in the news

M&A and Partnerships

  • Sonder gets a chain code in Sabre and Amadeus to push move into corporate Travel | Skift
  • Hopper announces new deal to distribute JetBlue flights across the Hopper ecosystem | Hopper

Hiring, Talent Movement and Board Appointments

  • Sonder Holdings Inc. appoints Chief Operating Officer and Chief Accounting Officer | Yahoo
  • AlayaCare announces new Chief Product and Technology Officer | Press Release
  • Bench appoints Jean-Philippe Durrios as CEO | Press Release
  • Moving industry innovator Shyft appoints Randal Meske CEO, closes Series B funding | Press Release
  • Armored Things appoints Richard Scannell as new CEO, board member | Press Release
  • Symend’s Tiffany Kaminsky trailblazes New Chief Impact Officer role | Press Release

Other Exciting News

  • Talent.com: addressing the culture challenge in a fast growth company | Forbes
  • Zwift launches $499 Zwift Hub Direct Drive Trainer | Cycling Tips
  • Meeting customer expectations with same-day delivery through Swyft | Shippo
  • AlayaCare, Rewind, Talent.com, Lightspeed and Top Hat named as one of Canada’s Top Growing Companies | Globe & Mail
  • RenoRun, Vidyard and Clearco all nominated on Team True North: Canada’s top-performing tech companies | Communitech
  • Hello, Street Context. Goodbye, Street Contxt | Street Context
  • Neo, BenchSci, Certn and Snapcommerce are all part of the LinkedIn Top 15 Startups in Canada | LinkedIn

Inovia Thoughts

Industry Highlights

  • Following a record-setting first quarter, Québec venture funding eased up in Q2 2022 | Betakit
  • Panache closes $100 Million for second fund as firm doubles down on seed-stage startups | Betakit
  • Addressing the culture challenge in a fast-growth company by Talent.com Co-Founder Maxime Droux | Forbes
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