On September 10, 2024, Spare announced it raised $42 million in a Series B financing round led by iNovia Capital. The company plans to utilize the funding towards matching the high demand for innovative transit solutions with a focus in the paratransit sector.
iNovia Capital is a Montréal-based venture capital firm which invests in founders to build enduring global technology companies.
Spare is a leading provider of mobility operations software.
Osler, Hoskin & Harcourt LLP advised iNovia Capital with a team consisting of Gary Marshall, Nataly Dil, Michelle Wong (Emerging and High Growth Companies), Abigail Omale (Employment and Labour) and Kara Henry (Osler Works – Transactional).
Key Contact
Partner, Emerging and High Growth Companies, Toronto
Team
Associate, Emerging and High Growth Companies, Toronto
Associate, Emerging and High Growth Companies, Vancouver
Associate, Employment and Labour, Vancouver
Transactions Clerk, Osler Works – Transactional, Ottawa
