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iNovia Investment Expands Bench Bookkeeping into Canada

February 1, 2018

Vancouver-based Bench, the largest bookkeeping service for small businesses and independent professionals in America, announced the close of an $18 million B-1 funding round led by iNovia Capital. Existing investors, including Bain Capital Ventures, Altos Ventures, and Silicon Valley Bank also participated in the round. Bench is British Columbia's fastest growing tech company, and the fourth fastest growing company in Canada.

Utilizing advanced automation powered by people, Bench delivers a hands-off bookkeeping experience to time-strapped small business owners and independent professionals at a price that actually makes sense to their business. Bench is available in all Canadian provinces, with the exception of Québec, and will service Canadian businesses that make up to $1.5 million in annual sales revenue.

iNovia Capital is an early stage venture capital firm that invests in category-defining technology startups. It manages $500M across three funds and invests across Canada and the United States

iNovia was represented by Lori Smith and Josh Galante. 

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