Inovia Venture Fund V Raises $325 Million
Posted on 06/15/2022
Inovia Capital raised US$ 325 million for its fifth early-stage fund – Inovia Venture Fund V. The fund saw strong support from existing and new investors, will back tech-focused companies. The closing brings Inovia’s total capital under management to US$ 2.2 billion. Alberta Enterprise Corporation has invested US$ 12 million into Inovia Capital Venture Fund V to support the growth of early-stage companies in Alberta.
Rewind, Clearco and Snapcommerce are just a few examples of portfolio companies that received seed or Series A funding before graduating to Inovia’s later-stage funds.
Inovia has already started putting Venture Fund V to work. It led the US$ 10 million seed investment round in Signal 1, a health startup that uses artificial intelligence to predict which hospital patients are at a higher risk. It also recently led the CAD$ 9.5 million Series A investment round in Flare, a cybersecurity provider enabling organizations to protect their data, financial resources, and reputation.
