iNovia Capital

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

Client

iNovia Capital

Value

$796 million

Service

Emerging and High Growth Companies

Date Closed

February 2019

Industry

Venture Capital

Lead Office

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 and Natasha Gould (Corporate), Alain Fournier and Jennifer Lee (Tax).


Team
Chima  Ubani

Chima Ubani

Partner, Corporate

Natasha L. Gould

Natasha L. Gould

Associate, Corporate

Alain  Fournier

Alain Fournier

Partner, Taxation

Jennifer Lee

Jennifer Lee

Partner, Taxation