Montréal-based iNovia Capital raises $600 million in Venture Funds

Montréal-based venture capital firm iNovia has raised US $600 million (almost CAD $800 million) in Venture Funds to invest in technology companies.

US $200 million will be invested in early-stage companies, while US $400 million will be used to finance growth stage companies. The firm invests in applied services and infrastructure platforms focused on key industries such as financial services, healthcare, transportation and others.

The fund’s main partners include the Caisse de dépôt et placement du Québec, Investissement Québec, Investissement Québec, Fonds de solidarité FTQ, Teralys Capital, the Business Development Bank of Canada, the National Bank, BMO and the Royal Bank.

Montreal Gazette

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