Emerging and High Growth Companies

iNovia Capital in its $796 million financing for two new venture funds

iNovia Capital
Team
Chima Ubani

Partner, Emerging and High Growth Companies, Montréal

Alain Fournier

Partner, Tax, Montréal

 

On February 19, 2019, iNovia Capital, a Montreal-based venture firm, announced its $796 million capital raise to create two venture funds.

iNovia raised a $265 million early-stage fund, as well as $530 million for a new growth-stage fund, creating the largest fund ever raised by the firm since its inception in 2007. The move also makes iNovia one of the few Canadian firms offering a growth-stage fund looking to make large investments in local, scaling tech companies. In connection with these transactions, iNovia also announced an expansion into European markets.

Osler, Hoskin & Harcourt LLP represented the iNovia Capital with a team consisting of Chima Ubani, Marisa Corona (Corporate), and Alain Fournier (Tax).

Value
$796 million
Date Closed
February 19, 2019
Lead Office
Montréal
Team
Chima Ubani

Partner, Emerging and High Growth Companies, Montréal

Alain Fournier

Partner, Tax, Montréal