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Investor type Micro VC
Founders Jon Saari


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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 196
Average round size
The average size of a deal this fund participated in
Portfolio companies 135
Rounds per year 7.26
Lead investments 14
Follow on index
How often the fund supports its portfolio startups at next rounds
Exits 11
Key employees 7
Stages of investment
Early Stage Venture

Areas of investment

  • Software
  • Information Technology
  • Health Care
  • Biotechnology
  • Medical

Innovacorp appeared to be the VC, which was created in 1995. The company was established in North America in Canada. The main office of represented VC is situated in the Halifax.

The standard case for the fund is to invest in rounds with 2-3 partakers. Despite the Innovacorp, startups are often financed by Atlantic Canada Opportunities Agency, Creative Destruction Lab, Technology Venture Corporation. The meaningful sponsors for the fund in investment in the same round are MEDTEQ, Anges Quu00e9bec Capital, Anges Quebec. In the next rounds fund is usually obtained by Pangaea Ventures, UTStarcom, Technology Venture Corporation.

The overall number of key employees were 7.

Opposing the other organizations, this Innovacorp works on 24 percentage points less the average amount of lead investments. When the investment is from Innovacorp the average startup value is 10-50 millions dollars. The fund is constantly included in 2-6 deals per year. The top activity for fund was in 2016. Speaking about the real fund results, this VC is 4 percentage points less often commits exit comparing to other organizations. Deals in the range of 1 - 5 millions dollars are the general things for fund.

Among the most popular fund investment industries, there are Medical Device, SaaS. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Canada. Among the various public portfolio startups of the fund, we may underline Swept, Optina Diagnostics, SimplyCast

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Innovacorp:
Typical Co-investors
Innovacorp is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Innovacorp:

Funds with similar focus

Funds from Canada
Funds with similar focus located in Canada:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation


$1M12 Sep 2022 Halifax, Nova Scotia, Canada

Planetary Hydrogen

$2M17 Mar 2022 Gatineau, Quebec, Canada


$3M14 Sep 2021 Halifax, Nova Scotia, Canada


Commercial Real Estate
Property Development
Real Estate
$39K30 May 2021 Halifax, Nova Scotia, Canada


$39K09 May 2021 -

QRA Corp

$3M12 Apr 2021 Halifax, Nova Scotia, Canada

Audioptics Medical

Medical Device
$1M30 Mar 2021 Halifax, Nova Scotia, Canada

Cotex Technologies

09 Feb 2021 -

Symbi Medical

Health Care
$25K25 Jan 2021 Halifax, Nova Scotia, Canada


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