Cavelo, a Kitchener, Canada-based cybersecurity company specializing in attack surface management, has secured CAD $5 million in a seed extension round.
Investors
The round was led by Inovia Capital, with continued support from Graphite Ventures, MaRS Investment Accelerator Fund, and strategic angel investors.
Inovia Capital is a Canadian full-stack software investor that partners with founders to build impactful and enduring global companies. With three investment strategies—Discovery, Venture, and Growth—the team leverages an operator-led mindset to provide founders with multi-stage support, mentorship, and access to a worldwide network. Inovia manages over US$2.5 billion, with operations in Montreal, Toronto, Waterloo, Calgary, the Bay Area, and London.
Cavelo Use of Funds
The company will use the funding to support product development and expand its sales and marketing efforts to meet growing customer demand.
About Cavelo Inc.
Cavelo provides attack surface management solutions purpose-built for the channel community. Its consolidated platform combines sensitive data and asset discovery, access management, and risk-based vulnerability management. Headquartered in Kitchener, Ontario, Cavelo’s platform helps organizations understand and reduce their risk exposure through better data visibility and actionable insights.
Funding Details
Company: Cavelo Inc.
Raised: CAD 5.0M
Round: Seed Extension
Funding Date: July 2025
Lead Investor: Inovia Capital
Additional Investors: Graphite Ventures, MaRS Investment Accelerator Fund
Company Website: https://www.cavelo.com/
Software Category: Cybersecurity / Attack Surface Management
Source: https://www.cavelo.com/newsroom/cavelo-announces-5m-seed-extension