iNovia Closes Third Venture Capital Fund at $175M
Summary
Limited partners include fifteen founders and entrepreneurs who were previously backed by iNovia.They have been joined by over a dozen other entrepreneurs from around the world, ten family offices and nine North American institutional investors.Led by managing partner Chris Arsenault, the firm will continue to focus on 25-30 early stage startups across North America that have the capacity to emerge as category-defining digital platforms and services in such markets as Industry SaaS, Future of Work, and Software Differentiated Hardware.The firm also leverages a network built across 65+ portfolio company CEOs, 250+ co-investors, and 2,500+ employees as well as a distributed team in such dynamic startup markets as Montreal, Toronto-Waterloo, Western Canada, the Bay Area, and NYC) to identify and support portfolio companies.The investment team also include Shawn Abbott, Geoff Judge, Francois Gauvin and Karamdeep Nijjar.