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The Montreal firm said it will use its sixth venture capital fund to back companies in and outside of Canada. Investors include La Caisse, the Business Development Bank of Canada (BDC), Investissement Québec, Teralys, the Fonds de solidarité FTQ, CIBC and Fondaction. (La Presse, The Logic)
Talking point: The US$200 million represents a first close for the fund. Its fifth venture fund topped out at US$325 million. Partner Magaly Charbonneau told La Presse that the firm will deploy the money over three years, targeting 25 to 30 startups. It is focused on sectors where artificial intelligence is in the early stage of adoption but is mature enough to make an economic impact. Canadian venture investments were up in the first half of 2026 amid increased interest from foreign backers, but activity was concentrated in a few big deals. Charbonneau told La Presse that Inovia structured the fund in U.S. dollars to appeal to global teams, and that Inovia is open to writing smaller checks of $1 million to $10 million for pre-revenue companies.
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