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).