From AI Insider · James Dargan · · 1m
Inovia Capital Secures $200M AI Fund
Inovia Capital closes $200M AI venture fund for startups.
In brief
Inovia Capital closes $200M AI venture fund for startups. Inovia Capital secured $200 million for its sixth AI-focused venture fund, targeting early-stage startups in cybersecurity, health tech, and computing infrastructure across North America and Europe. Originally reported by AI Insider.
Inovia Capital Fund VI
Montreal-based Inovia Capital secured $200 million for its sixth venture fund.
First Close Details
The fund targets AI early adoption sectors with $1 million to $10 million checks for pre-revenue companies.
Backers Include
Backers include La Caisse, Business Development Bank of Canada, Investissement Québec, Teralys, Fonds de solidarité FTQ, CIBC, and Fondaction.
AI Focus
The fund targets sectors where AI is early in adoption but mature enough to deliver economic impact.
Funding Strategy
Inovia structured the fund in U.S. dollars to appeal to global teams, per partner Magaly Charbonneau.
Fund Size Comparison
Fund VI is smaller than Inovia’s fifth fund, which closed at $325 million in 2022.
In short
Inovia Capital secured $200 million for its sixth AI-focused venture fund, targeting early-stage startups in cybersecurity, health tech, and computing infrastructure across North America and Europe.
