Inovia Capital, a Montreal-based venture firm, has closed its second growth fund at $450M (approx €377M). The closing of the Growth Fund II brings Inovia’s total capital under management to $1.5B (approx €1.25B).
Expanding presence in Europe
As part of the launch, the full-stack venture firm is planning to grow and expand its presence in Europe with a team based out of London. Inovia partner Patrick Pichette, known for chairing the board of Twitter and NYSE-Lightspeed will lead the London team.