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).