Inovia Capital raises $600 million early-and growth-stage funds

• A pioneer in the Canadian startup community, Inovia Capital has supported over 80 companies as they raised a combined US $2.1billion.
• Inovia’s full-stack, operator-led venture approach delivers the unique ability to support startups with checks ranging from US $2 million to $50 million and the experience to help them grow from 10 to 10,000 employees.
• The new London office will capitalize on rich talent and intellectual property within the European technology ecosystem while helping launch North American companies into the European market. The office will be helmed by Inovia Capital general partner and industry heavyweight Patrick Pichette, former senior vice president and chief financial officer at Alphabet/Google.
• The firm has supported its portfolio entrepreneurs in becoming 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.

Inovia Capital, an early stage Canada’s premier venture firm, has raised $200 million early-stage fund, as well as a new $400 million growth-stage fund to accelerate its leadership position and further expanding activities in its core markets of Canada and Silicon Valley. The venture firm has also opened a new office in London, providing entrepreneurs with a valuable bridge across the two continents.

Founded in 2001 by Chris Arsenault, the Montréal, Quebec, Canada-based iNovia is an early stage venture capital firm that invests in category-defining technology startups. Epic companies are forged by exceptionally qualified founders; iNovia supports these remarkable individuals with custom playbooks for attracting talent and scaling efficiently. Together we perfect the craft of building digital platforms and services that transform old industries and push technology frontiers. iNovia manages over $500 million  across three funds and invests across Canada and the United States.

“We are excited to help build the next generation of respected global companies with a deep ambition to create a lasting, positive impact on humankind,” said Chris Arsenault, general partner and co-founder, Inovia Capital.

Commenting on the funding, Patrick Pichette, general partner, Inovia Capital, said: “Inovia Capital is laser-focused on supporting entrepreneurs. We invest in long-term relationships because we know from experience what it takes to build global champions.”

Inovia is backed by founders with global aspirations who leverage technology to improve people’s lives. The firm invests in applied services and infrastructure platforms focused on transforming complex legacy industries, such as financial services, healthcare, commerce, transportation, travel and others. With this announced expansion, Inovia is one of the few firms in the world that can offer full-stack venture support to entrepreneurs – from early-stage through growth and beyond – by providing them with multi-stage capital, resources and coaching and supporting their rapid scale.