Organization: iNovia Capital

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…

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,…