# Innovacorp

> Innovacorp is a VC fund backing Software and Information Technology. See 157 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Halifax, Canada
- Total investments: 157
- Last investment: Sep 2022
- Lead investor: 35%
- Fund size: $40M
- Last fund: Nov 2016
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/innovacorp
- X (Twitter): http://twitter.com/innovacorp
- Website: http://www.innovacorp.ca
- Facebook: http://www.facebook.com/innovacorp

Innovacorp is an early-stage venture capital firm that helps knowledge-based startups commercialize their technologies in the global marketplace. It invests in early stage Nova Scotia entrepreneurs, combining venture capital with business mentoring and incubation facilities. Innovacorp was established in 1995 and based in Halifax, Canada.

## Contacts

5 contacts available for Innovacorp. Shizune tracks 10 team members at Innovacorp. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/innovacorp?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $50k–$3.3M |
| Grant | $25k–$91k |
| Pre-Seed | $18k–$879k |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 28 | 18% |
| Information Technology | 24 | 15% |
| Health Care | 22 | 14% |
| Biotechnology | 15 | 10% |
| Medical | 13 | 8% |

148 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 39 | 25% |
| Grant | 38 | 24% |
| Pre-Seed | 28 | 18% |
| Funding Round | 23 | 15% |
| Series A | 5 | 3% |

13 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Canada | 120 | 76% |
| Australia | 1 | 1% |
| United States | 1 | 1% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Jonathan Saari | Investment Director | 1 | https://shizune.co/investors/profile/jonathan-saari |
| Amanda Tarr | Manager, Programs & Acceleration | 0 | https://shizune.co/investors/profile/amanda-tarr |
| Andrew Ray | Managing Director | 1 | https://shizune.co/investors/profile/andrew-ray |
| Ben McDade | Investment Associate | 0 | https://shizune.co/investors/profile/ben-mcdade |
| Charles Baxter | Vice President, Investment | 0 | https://shizune.co/investors/profile/charley-baxter |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Bright Breaks | Bright Breaks offers a workplace wellness solution to boost employee wellness, connection, and productivity with 7-minute live micro-breaks. Bright Breaks' wellness platform is designed to provide users with maximum benefits while requiring the least amount of effort. It only takes a few minutes per day to reduce stress and improve well-being. | $1.1M | Seed | Sep 06, 2022 |  |
| Planetary | Planetary develops ocean-based carbon removal technology to accelerate the natural carbon cycle. Planetary’s system purifies the mountains of alkaline rock waste left behind by large-scale mining operations, extracting the alkalinity from the rubble and putting it in the ocean, thus accelerating the carbon transition and rebalancing oceanchemistry.Planetary Technologies is on a mission to remove 1 billion tonnes of carbon dioxide from the atmosphere by 2035. | $2.6M | Seed | Mar 17, 2022 |  |
| Planetary | Planetary develops ocean-based carbon removal technology to accelerate the natural carbon cycle. Planetary’s system purifies the mountains of alkaline rock waste left behind by large-scale mining operations, extracting the alkalinity from the rubble and putting it in the ocean, thus accelerating the carbon transition and rebalancing oceanchemistry.Planetary Technologies is on a mission to remove 1 billion tonnes of carbon dioxide from the atmosphere by 2035. | $4.2M | Pre-Seed | Mar 17, 2022 |  |
| Planetary | info@planetarytech.com | $4.2M | Pre-Seed | Mar 17, 2022 |  |
| Material Futures | Material Futures turn micro-organisms into miniature dye factories. | $40K | Grant | Mar 10, 2022 |  |
| ZeroIN | ZeroIN is a food-tech company developing breakthrough sugar reduction technologies. Sweet Fiber is the most scalable and cost-efficient, sugar substitute consumers want. | $40K | Grant | Mar 10, 2022 |  |
| Gaia Refinery | Gaia is developing wind-driven methane-capture technology to produce rocket-grade natural gas. | $40K | Grant | Mar 10, 2022 |  |
| OVERGantt | OVERGantt incorporates tried-and-true techniques with a special Project Flow Diagram that combines the top elements of whiteboards, Gantt charts, network diagrams, and Kanban. | $40K | Grant | Mar 10, 2022 |  |
| Axtion Independence | Axtion Independence is a mobility aid for fall prevention and recovery. | $40K | Grant | Mar 10, 2022 |  |
| Pocket Finance | Pocket Finance is a SaaS platform that is focused on building the bridge between financial professionals (advisors and brokers) and their clients. Our platform consists of a web-based advisor portal where real-time actionable information is displayed and automated reports can be requested. For clients, we provide a mobile application which compilesall user accounts into one place, highlights fine print of products and provides insights on how to manage those products more efficiently. | $40K | Grant | Mar 10, 2022 |  |

10 of 157 investments shown.

## Co-investors
- [Atlantic Canada Opportunities Agency](https://shizune.co/investors/profile/atlantic-canada-opportunities-agency) — VC Fund, 16 deals together
- [Volta Labs](https://shizune.co/investors/profile/volta-labs) — VC Fund, 16 deals together
- [Business Development Bank of Canada](https://shizune.co/investors/profile/business-development-bank-of-canada) — VC Fund, 15 deals together
- [New Brunswick Innovation Foundation](https://shizune.co/investors/profile/new-brunswick-innovation-foundation) — VC Fund, 12 deals together
- [Business Development Bank of Canada](https://shizune.co/investors/profile/bdc-capital) — VC Fund, 9 deals together
- [Anges Quebec](https://shizune.co/investors/profile/anges-quebec) — VC Fund, 8 deals together

## Similar investors

### Similar industry
- [SVG Ventures](https://shizune.co/investors/profile/svg-ventures) — VC Fund
- [SOSV](https://shizune.co/investors/profile/sosv) — VC Fund
- [Omnivore](https://shizune.co/investors/profile/omnivore-partners) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

### Similar country
- [BDC Venture Capital](https://shizune.co/investors/profile/bdc-venture-capital) — VC Fund
- [Real Ventures](https://shizune.co/investors/profile/real-ventures) — VC Fund
- [Anges Quebec](https://shizune.co/investors/profile/anges-quebec) — VC Fund

## Featured in investor lists
- [All Investors in Canada](https://shizune.co/investors/investors-canada)
- [All VC Funds in Canada](https://shizune.co/investors/vc-funds-canada)
- [SaaS Investors in Canada](https://shizune.co/investors/saas-investors-canada)
- [SaaS VC Funds in Canada](https://shizune.co/investors/saas-vc-funds-canada)
- [Software Investors in Canada](https://shizune.co/investors/software-investors-canada)
- [Enterprise Investors in Canada](https://shizune.co/investors/enterprise-investors-canada)

## FAQ

### What does Innovacorp invest in?

Innovacorp invests primarily in Software, Information Technology and Health Care startups, most often at Seed and Grant stage. Most of the 157 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Innovacorp's check size?

Innovacorp typically joins rounds of $50k–$3.3M at Seed, $25k–$91k at Grant and $18k–$879k at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Innovacorp participates in.

### How do I contact Innovacorp?

Public channels for Innovacorp include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Innovacorp?

The team at Innovacorp includes Jonathan Saari (Investment Director), Amanda Tarr (Manager, Programs & Acceleration) and Andrew Ray (Managing Director), among 10 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co