# Nicola Wealth Management

> Nicola Wealth Management is a VC fund backing Software. See 14 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Vancouver, Canada
- Total investments: 14
- Last investment: Sep 2024
- Lead investor: 14%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/nicola-wealth-management
- X (Twitter): https://www.twitter.com/nicolawealth
- Website: http://www.nicolawealth.com
- Facebook: https://www.facebook.com/nicolawealth

Nicola Wealth Management is a VC fund in Vancouver focused on Software and Artificial Intelligence. Nicola Wealth Management offers sophisticated wealth management strategies that help high net worth individuals reach their financial goals.With locations in the Lower Mainland (Vancouver and Richmond offices), the Okanagan (Kelowna office), and the Greater Toronto Area (Toronto office), Nicola Wealth provides executives, business owners andincorporated individuals across Canada with the full-service, integrated approach they require.

## Contacts

5 contacts available for Nicola Wealth Management. Shizune tracks 5 team members at Nicola Wealth Management. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/nicola-wealth-management?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 5 | 36% |
| Artificial Intelligence | 3 | 21% |
| Financial Services | 2 | 14% |
| B2B | 1 | 7% |
| CRM | 1 | 7% |

38 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 3 | 21% |
| Series C | 3 | 21% |
| Series A | 2 | 14% |
| Series D | 2 | 14% |
| Funding Round | 2 | 14% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Canada | 7 | 50% |
| United States | 2 | 14% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Chris Nicola | CTO | 0 | https://shizune.co/investors/profile/chris-nicola |
| David Sung | President and Partner | 0 | https://shizune.co/investors/profile/david-sung-c273 |
| Jamie Duncan | Chief Operating Officer | 0 | https://shizune.co/investors/profile/jamie-duncan-91c1 |
| John Nicola | Chairman & Chief Executive Officer & Founder | 0 | https://shizune.co/investors/profile/john-nicola |
| Karen Ikeda | Sr Financial Advisor, Wealth Management | 0 | https://shizune.co/investors/profile/karen-ikeda |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Spare | Spare is a mobility management software company that enhances public transit services through on-demand and shared transportation solutions. The platform integrates various modes of transport, enabling efficient and accessible mobility for all users. Their platform uses advanced algorithms and data analytics to optimize routes, reduce wait times,and improve overall efficiency for transportation services. By optimizing transportation services and promoting shared rides, Spare Labs reduces traffic congestion and emissions, supporting more sustainable urban mobility. | $30.9M | Series B | Sep 10, 2024 |  |
| Kore.ai | Kore.ai provides platforms and solutions to enable enterprises to automate and enhance digital interactions with their customers, employees, and partners. Kore.ai provides a Conversational AI-based no/low code enterprise platform to create virtual assistants with conversational and digital user experiences. Kore.ai also provides domain-trainedpre-built virtual assistants for Banking, Insurance, HR, and IT Support. The company has launched an enterprise digital assistant called Kora which acts as a universal/master/concierge assistant with inbuilt skills for knowledge management, enterprise search, and meetings/tasks management and extensible with custom chatbot/digital, RPA & search skills. In addition, the company provides cloud-based call automation and a digital deflection service called Deflect.ai. | $150M | Series D | Jan 30, 2024 |  |
| Avidbots Corp. | Avidbots vision is to bring robots to everyday life to expand human potential. Avidbots first product is NEO - the world's smartest autonomous scrubbing robot. NEO is trusted by some of the best managed airports, retail malls, hospitals, colleges, industrial sites, museums, warehouses, etc in 7 countries and counting. | $70M | Series C | Sep 27, 2022 |  |
| RenoRun | RenoRun is building the world's largest single source platform for general contractors to purchase materials. Their mobile-friendly platform is a one-stop-shop when it comes to construction material supply. This app is revolutionizing the construction industry by maximizing productivity, saving contractors wasted run-around hours, and allowingtheir clients to leave their competition in the dust. Their trained runners will collect and deliver the desired materials to the job site.RenoRun was founded in 2016 and is headquartered in Montreal, Canada, with offices in Toronto and Austin, Texas. | $142.6M | Series B | Feb 01, 2022 |  |
| Sonic Incytes | Sonic Incytes is a medical device start-up company developing quantitative ultrasound for point-of-care diagnostic and procedure guidance. our mission to enable routine assessment and management of liver health, with diagnostic accuracy you can count on. | $7.3M | Series A | Dec 07, 2021 |  |
| Spare | Spare is a mobility management software company that enhances public transit services through on-demand and shared transportation solutions. The platform integrates various modes of transport, enabling efficient and accessible mobility for all users. Their platform uses advanced algorithms and data analytics to optimize routes, reduce wait times,and improve overall efficiency for transportation services. By optimizing transportation services and promoting shared rides, Spare Labs reduces traffic congestion and emissions, supporting more sustainable urban mobility. | $18M | Series A | Nov 30, 2021 |  |
| Kore.ai | Kore.ai provides platforms and solutions to enable enterprises to automate and enhance digital interactions with their customers, employees, and partners. Kore.ai provides a Conversational AI-based no/low code enterprise platform to create virtual assistants with conversational and digital user experiences. Kore.ai also provides domain-trainedpre-built virtual assistants for Banking, Insurance, HR, and IT Support. The company has launched an enterprise digital assistant called Kora which acts as a universal/master/concierge assistant with inbuilt skills for knowledge management, enterprise search, and meetings/tasks management and extensible with custom chatbot/digital, RPA & search skills. In addition, the company provides cloud-based call automation and a digital deflection service called Deflect.ai. | $50M | Series C | Sep 29, 2021 |  |
| CPS Capital | CPS Capital invests in and works with high-quality small and medium sized businesses. |  | Debt Financing | Jul 12, 2021 |  |
| Vendasta | At Vendasta, our core purpose is to drive local economies by democratizing technology for small- and medium-sized businesses (SMBs). We accomplish this by providing a robust platform to local experts around the world—our channel partners. Partners use Vendasta’s technology to market, sell, bill, fulfill, and deliver digital solutions to their SMBclients. Our end-to-end platform and marketplace are tightly integrated into an operating system delivered to SMBs, providing a single sign-on to their digital products and analytics. Vendasta serves 50,000+ channel partners, who in turn work with more than five million SMBs worldwide. Sign up for free and explore Vendasta at www.vendasta.com. | $87.4M | Series C | May 27, 2021 |  |
| Vendasta | At Vendasta, our core purpose is to drive local economies by democratizing technology for small- and medium-sized businesses (SMBs). We accomplish this by providing a robust platform to local experts around the world—our channel partners. Partners use Vendasta’s technology to market, sell, bill, fulfill, and deliver digital solutions to their SMBclients. Our end-to-end platform and marketplace are tightly integrated into an operating system delivered to SMBs, providing a single sign-on to their digital products and analytics. Vendasta serves 50,000+ channel partners, who in turn work with more than five million SMBs worldwide. Sign up for free and explore Vendasta at www.vendasta.com. | $99M | Series D | May 27, 2021 |  |

10 of 14 investments shown.

## Co-investors
- [Kensington Capital Partners Limited](https://shizune.co/investors/profile/kensington-capital) — VC Fund, 3 deals together
- [Aliment Capital](https://shizune.co/investors/profile/aliment-capital) — VC Fund, 2 deals together
- [Beedie Capital](https://shizune.co/investors/profile/beedie-capital-partners) — VC Fund, 2 deals together
- [Canadian Business Growth Fund](https://shizune.co/investors/profile/canadian-business-growth-fund) — VC Fund, 2 deals together
- [Greenhouse Capital Partners](https://shizune.co/investors/profile/greenhouse-capital-partners) — VC Fund, 2 deals together
- [Inovia Capital](https://shizune.co/investors/profile/inovia-capital) — VC Fund, 2 deals together

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## FAQ

### What does Nicola Wealth Management invest in?

Nicola Wealth Management invests primarily in Software, Artificial Intelligence and Financial Services startups, most often at Series B and Series C stage. Most of the 14 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Nicola Wealth Management?

Public channels for Nicola Wealth Management 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 Nicola Wealth Management?

The team at Nicola Wealth Management includes Chris Nicola (CTO), David Sung (President and Partner) and Jamie Duncan (Chief Operating Officer). 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.

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