Home » Features

iNovia Capital Launches Third Venture Capital Fund With $110 Million Investment

Submitted by on December 16, 2011 – 10:40 am

Over this past year, iNovia Capital has played a big role in a number of startups such as Fixmo, Beyond The Rack, Gamerizon and Empire Avenue.  Today they just announced they have raised $110 million for its third fund, iNovia Investment Fund III L.P. (“iNovia III”). iNovia III.

“We have benefited from the support of top institutional and value added individual investors many of them return investors,” said Chris Arsenault, Managing Partner. “In prior funds, these investors have enabled us to invest in some of the more important companies in the sectors we focus on. From this base, we can leverage the network we have built over the years to make impact investments and help grow these companies thereafter wherever they are located.”

A number private and institutional Canadian investors are involved in this third fund including; Teralys Capital, BDC Venture Capital, AVAC Ltd., Alberta Enterprise, the BC Renaissance Capital Fund and the iNovia General Partners.

The iNovia III fund will help provide financial support of  any size as low as only a few hundred thousand in seed stage companies with more mature investments as high as $10 million over the life of a given company.

The following two tabs change content below.

Dave Forde

Dave “The Connector” Forde has been involved in the technology industry across Canada for over 10 years in sales and marketing roles, he launched PR In Canada, and on Profectio.

Tags: , , , , , ,

Leave a comment!

Add your comment below, or trackback from your own site. You can also Comments Feed via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong> 

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.