Serial entrepreneurs strengthen iNovia and bring more value to portfolio

MONTREAL, Feb. 15, 2012 /PRNewswire/ - 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 Capital.

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