Inovia Capital raises $800 mln for full-stack strategy, opens London office
Inovia Capital has raised about $800 million (US$600 million) for a pair of early-stage and growth funds, fulfilling an ambition to become a full-stack venture firm. The Montréal tech investor secured $266 million for a fourth early-stage fund, meeting its target. It also secured an initial $532 million for a new growth-stage vehicle. Inovia is now looking to raise up to US$100 million more for the growth fund, potentially increasing it to $665 million, General Partner Chris Arsenault told PE Hub Canada. The firm also announced the opening of a new office in London, run by General Partner Patrick Pichette, formerly a senior vice president and CFO at Google.
19 February 2019•3 mins read
