On November 17, 2022, Symend announced it had secured $54 million financing led by iNovia Capital with participation from Impression Ventures, Mistral Venture Partners, BDC’s Growth Venture Co-Investment Fund, BDC Capital’s Women in Technology Fund, Plaza Ventures and Export Development. With this all-equity, all-primary capital round, Symend will focus efforts on both its existing customer base and international expansion, as well as moving into new verticals.

iNovia Capital is a Montreal-based venture capital firm which invests in founders to build enduring global technology companies.

Symend is a Calgary-based start-up that provides a behavioral engagement Software-as-a-Service (SaaS) platform.

Osler, Hoskin & Harcourt LLP advised iNovia Capital with a team consisting of Ryan Unruch and Jordana Corber-Tovel (Emerging and High Growth Companies).