Emerging and High Growth Companies

iNovia Capital in connection with Spare’s $42 million in Series B financing iNovia Capital in connection with Spare’s $42 million in Series B financing

iNovia Capital

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Expertise
Emerging and High Growth Companies Technology
Key Contact
Gary Marshall

Partner, Emerging and High Growth Companies, Toronto

Team
Abigail Omale

Associate, Employment and Labour, Vancouver

Kara Henry

Transactions Clerk, Osler Works – Transactional, Ottawa

On September 10, 2024, Spare announced it raised $42 million in a Series B financing round led by iNovia Capital. The company plans to utilize the funding towards matching the high demand for innovative transit solutions with a focus in the paratransit sector.

iNovia Capital is a Montréal-based venture capital firm which invests in founders to build enduring global technology companies.

Spare is a leading provider of mobility operations software.

Osler, Hoskin & Harcourt LLP advised iNovia Capital with a team consisting of Gary Marshall, Nataly Dil, Michelle Wong (Emerging and High Growth Companies), Abigail Omale (Employment and Labour) and Kara Henry (Osler Works – Transactional).

Value
$42 million
Date Announced
September 10, 2024
Lead Office
Toronto
Key Contact
Gary Marshall

Partner, Emerging and High Growth Companies, Toronto

Team
Abigail Omale

Associate, Employment and Labour, Vancouver

Kara Henry

Transactions Clerk, Osler Works – Transactional, Ottawa

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