Inovia Capital, a Montreal, Canada-based venture capital firm, raised $600M for venture capital funds.
The firm is raising:
– a fourth early-stage fund of US $200 million, as well as
– a new US $400 million growth-stage fund.
The firm, which is further expanding activities in its core markets of Canada and Silicon Valley, and has opened a new office in London, backs founders with global aspirations, who leverage technology to improve people’s lives.
Inovia invests in applied services and infrastructure platforms focused on transforming complex legacy industries, such as:
– financial services,
– travel, and
The firm leverages a full-stack, operator-led venture approach that delivers the ability to support startups with checks ranging from US $2m to $50m to grow from 10 to 10,000 employees.
To date, Inovia has supported over 80 companies as they raised a combined US $2.1 billion, including category leaders, such as Lightspeed POS, Appdirect, Workfusion, Tophat, Luxury Retreats and Clearpath Robotics, as well as provided guidance in M&A with top firms like Intel, Google, Airbnb and Disney, among others.
It currently manages over US $1B across five funds including early and growth stages, and holds offices in Montreal, Toronto, Calgary, San Francisco and the new London office, which will be led by general partner Patrick Pichette, former senior vice president and chief financial officer at Alphabet/Google.