|By PR Newswire||
|January 20, 2014 11:00 AM EST||
MONTREAL, Jan. 20, 2014 /PRNewswire/ - iNovia Capital, an early stage venture capital fund focused on digital media, SaaS, e-commerce and connected devices, today announced that Principals Kevin Swan and Karamdeep Nijjar have been named Partners at the firm. These two nominations pave the way for iNovia's next phase of growth.
Kevin Swan has a BSc. In Mechanical Engineering from the University of Alberta and a MS in Mechanical Engineering from Stanford University. His technical and operational background gives him strong expertise in the areas of SaaS, digital media and connected devices. Kevin's been involved with iNovia since 2010 when he was engaged as a Venture Partner and was instrumental in developing Fund III. Kevin takes a strong leadership role in deals, serving as a Director or Observer on the boards of Mitre Media, Allocadia, Basis, Parent Media, Drivewyze and Growlabs.
"Kevin has a deep understanding of the critical factors behind Enterprise SaaS success. His role in building the iNovia brand by attracting and supporting tier-1 Entrepreneurs have proven to be core to iNovia's investment strategy," said Shawn Abbott, Partner, iNovia Capital.
Karamdeep has a Bachelor of Mathematics in Honours Computer Sciences - Bioinformatics from the University of Waterloo and a MBA from the Richard Ivey School of Business. Karamdeep brings a strong focus on software, digital media and e-commerce to the team. Over the years, he has worked closely with existing portfolio companies and been a strong resource to identify new growth opportunities. Karam serves as a Director or Observer on the boards of Chango, Pressly, Vidyard and Top Hat.
"Karam has proven to be a valuable and extremely knowledgeable asset for iNovia as much as he is for the Entrepreneurs he has been supporting, such as Mike Litt of Vidyard, Chris Sukornyk of Chango or Mike McCauley of BufferBox (which was acquired by Google last year). Karam has worked hard to earn the respect of both founders and co-investors," said Chris Arsenault, Managing Partner, iNovia Capital.
These nominations come at an opportune time as the team is managing 46 active portfolio companies in Canada and the United States, investing new capital and working alongside its entrepreneurs in the evaluation of over a half a dozen potential exits this year. Some of iNovia's notable investments include Montreal-based Beyond the Rack and LighSpeed Retail, Waterloo-housed Vidyard, Toronto based Chango and San Francisco based AppDirect. The new roles speak to iNovia Capital's continued growth and commitment to entrepreneurs building market leading companies in the technology sector.
About iNovia Capital
iNovia Capital partners with exceptional entrepreneurs to build successful technology companies in high-growth sectors. The team is comprised of founders, builders and engineers that are passionate about building market-leading technology companies. iNovia has $275M under management across three seed and early-stage funds. For more information, visit www.iNovia.vc (Twitter: @iNovia).
SOURCE iNovia Capital