23 March 2016

Venture capital: Third iNovia Capital Fund for Tech Companies

iNovia Capital

iNovia Capital’s third venture capital fund for young tech companies developing the next generation of services/digital platforms closed at $175M.

With this new iNovia 2015 fund, the company intends to enable 25 to 30 North American IT start-ups to obtain financing.

Investissement Québec and the Caisse de dépôt et placement du Québec, particularly through Teralys, are some of the main investors in this round of financing. Nearly 25 entrepreneurs, some of whom have benefited from iNovia’s support in the past, as well as 12 family wealth managers complete the list of financial partners.

The first two funds created by iNovia Capital, in 2001 and 2007, each totalled $110M. The company’s portfolio currently has 65 businesses.

Sources: iNovia Capital and La Presse

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