On August 15, 2023, Innerspace announced that they raised $10 million in a Series A financing round led by Yaletown Partners. This round also saw participation from existing investors including BDC and MaRS’ Investment Accelerator Fund (IAF). The company plans on utilizing this funding towards product development and growing the extent of its operations.
Innerspace, founded in 2014 offers GPS systems for indoor areas, presenting as an indoor mapping and intelligence platform.
Osler, Hoskin & Harcourt LLP advised Innerspace with a team consisting of Chad Bayne, Andrew Irwin, Jordana Corber-Tovel and Darren Gill (Emerging and High Growth Companies).