iNovia Capital

iNovia Capital in CommerceBear’s US$10.5 million funding round


iNovia Capital


US$10.5 Million


Emerging and High Growth Companies

Date Closed

December 2022



Lead Office



On December 8, 2022, CommerceBear announced it has raised US$10.5 million in funding led by iNovia Capital and Garage Capital. CommerceBear will use the funding to gain market share and to make e-commerce accessible to the furniture and home goods industry. 

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

CommerceBear is a Toronto-based software company focused on helping furniture makers grow their revenue.

Osler, Hoskin & Harcourt LLP advised iNovia Capital with a team consisting of Gary Marshall (Emerging and High Growth Companies), Steven Dickie and Carrington Hickey (Employment and Labour).