TLDR:
Key Points:
- Inovia Capital has raised $300 million USD for its third growth equity fund, bringing it two-thirds of the way to its $450 million target.
- The fund is led by returning limited partner Caisse de dépôt et placement du Québec (CDPQ).
Canadian venture capital firm Inovia Capital has announced that it has secured an initial $300 million USD for its third growth equity fund, bringing it two-thirds of the way to its $450 million target. The fund is led by returning limited partner Caisse de dépôt et placement du Québec (CDPQ). Inovia’s third growth equity fund aims to address the gap in Canada’s technology sector at the growth-stage level and has a strategy consistent with its prior growth equity funds. The VC firm has been successful in returning capital to LPs, with $1.6 billion returned in the past 36 months. The fund plans to make first investments of $25 to $35 million across up to a dozen companies. Inovia’s track record and focus on the Canadian tech ecosystem position it as one of the most active VC firms in the country.
