Inovia Capital

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PayShepherd Secures $7M to Solve Heavy Industry’s Biggest Challenge with Contractor Management

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: PayShepherd, Inovia Capital

PayShepherd, a contractor management solution for industrial sites, has closed $7 million CAD in an oversubscribed round of Seed+ funding to expand its target markets across North America and enhance its platform with new capabilities.

New investor Inovia Capital, a venture capital firm actively supporting global sustainable tech companies, led the all-equity round, with participation from existing investors Nashville Capital Network, Thin Air Labs, Accelerate Fund III managed by Yaletown Partners with support from A100, as well as undisclosed strategic angel investors. Inovia partner Shawn Abbott is joining PayShepherd’s board as part of the raise.

Read more at Business Wire