Serial entrepreneurs strengthen iNovia and bring more value to portfolio
MONTREAL, Feb. 15, 2012 /CNW Telbec/ - iNovia Capital, an early stage
venture capital fund manager that recently announced the first closing
of its third venture fund in the order of $110 million, has added David
Nault as a full time Entrepreneur in residence. Among other
responsibilities, David Nault will be in charge of evaluating Quebec
originated investment opportunities and help support iNovia's existing
portfolio of companies. With over 20 years of corporate and
entrepreneurial experience in both start-ups and larger
well-established technology companies, David brings to iNovia a strong
background in sales, marketing and business development.
Prior to joining iNovia, David served in executive capacities such as
Interim President at VIPswitch, President of Callio Technologies and
Director of Business development officer at Pivotal Payments where he
actively participated in growing the company to 400 employees, with
over 60,000 customers and more than $8 billion in credit card volume.
"David Nault was a natural fit for iNovia because he is an entrepreneur
at heart, has deep business roots in Quebec and has a passion for
helping grow companies," said Chris Arsenault, Managing Partner at
iNovia Capital. "Supporting and growing the Quebec high tech ecosystem
is an important part of our overall strategy and we are happy to
welcome David to that role. David will be empowered with iNovia's deep
industry knowledge and extensive network of contacts which help
accelerate the growth of the companies we work with."
"I loved working with passionate entrepreneurs and innovative high tech
companies," said David Nault. "Now as part of the iNovia team I can
bring a wealth of knowledge and support to those ventures in addition
to a new pool of contacts and relationships."
Furthermore, iNovia Capital announced that Montreal based Chris Emergui
will be joining as a Venture Partner, alongside Patrick Lor and Roger
Bertschmann. "Chris is extremely well versed in the advertising
industry and is a successful entrepreneur. These traits make him a
terrific resource for both the iNovia team and the entrepreneurs we
work with in our portfolio", said John Elton, Partner at iNovia
Chris Emergui is President of BAM Strategy, a leading digital marketing
agency and brings extensive interactive marketing expertise to the
team. Chris was a winner of the BDC Entrepreneur of the Year award and
recently named a member of the McGill MBA Technology and Innovation
Expert Panel. Chris has worked on major campaigns with clients such as
Procter & Gamble, Mead Johnson and Catelli. BAM Strategy also launched
Divine.ca, one of Canada's largest woman's websites with over 600,000
monthly visitors, and WebSaver.ca, a Canadian coupon site that
distributed over 20 million coupons in 2011.
About iNovia Capital
iNovia partners with exceptional entrepreneurs to build successful
companies in high growth sectors. The team is comprised of
entrepreneurs and sector experts focused on Mobile, Internet and
Digital Media. iNovia has $275M under management across three seed and
early stage funds. For more information, visit www.inoviacapital.com or follow iNovia on Twitter at www.twitter.com/iNovia.
SOURCE INOVIA CAPITAL
For further information:
Tara Pellegrino, iNovia Capital Inc.
1155 René-Lévesque Boulevard West, Suite 2701
Montréal, QC, H3B 2K8