Emerging and High Growth Companies

iNovia as lead investor in Spare Labs’ $18 million Series A financing round

iNovia Capital
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Gary Marshall

Partner, Emerging and High Growth Companies, Toronto

Sahil Chopra

Associate, Emerging and High Growth Companies, Toronto

 

On November 30, 2021, Spare Labs announced the completion of its $18 million Series A financing round, led by iNovia Capital. The proceeds from the financing will help build out Spare’s mobility software platform for public transit, ride sharing, and other shared transportation.

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

Spare Labs is a Vancouver-based software company focused on its mobility transit platform.

Osler, Hoskin & Harcourt LLP advised iNovia Capital with a team consisting of Chad Bayne, Gary Marshall, Sahil Chopra and DJ Ghildyal (Emerging and High Growth Companies).

Value
$18 million
Date Closed
November 30, 2021
Lead Office
Toronto
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Gary Marshall

Partner, Emerging and High Growth Companies, Toronto

Sahil Chopra

Associate, Emerging and High Growth Companies, Toronto