Investment firm Inovia Capital involved in Cavelo's $5-million expansion of Series Seed financing rounds
Cavelo Inc. Secures $5 Million in Seed Extension Round for Expansion
In a significant move for the cybersecurity industry, Cavelo Inc. has secured $5 million in a Seed Extension round, led by the venture capital firm Inovia Capital. The funding, announced on July 29, 2025, will be used to focus on sales, marketing, and product development, with a particular emphasis on strengthening Cavelo's channel-first model.
The channel-first strategy leverages partnerships with managed service providers (MSPs) and managed security service providers (MSSPs) to expand in the U.S. market, which remains a core focus for Cavelo and accounts for 70% of its growth. Cavelo's product centres on automated cybersecurity risk reduction and compliance through continuous data discovery, classification, and reporting across organizations.
Inovia Capital, based in Montréal, specializes in investments in technology companies, particularly those in the emerging and high-growth sectors. The funding round was advised by Hoskin & Harcourt LLP, with a team including Gary Marshall, Nataly Dil, Alexander Green, and AJ Case.
With the new funding, Cavelo Inc. is poised to strengthen its position in the cybersecurity market. The company plans to focus on sales activities, marketing, and product development to further refine and expand its offerings. This investment marks an exciting step forward for Cavelo Inc. as it continues to make strides in the realm of automated cybersecurity solutions.
References: [1] Cavelo Inc. press release, July 29, 2025. [2] Inovia Capital press release, July 29, 2025. [4] TechCrunch article, July 30, 2025. [5] VentureBeat article, July 30, 2025.
This investment from Inovia Capital will help high-growth companies like Cavelo Inc. foster business growth, particularly in the finance and technology sectors. With the new funding, Cavelo Inc. aims to further strengthen its position in the cybersecurity market through sales activities, marketing, and product development.
