Business · Companies · 5 hrs ago
Inovia raises $200 million in first close of sixth early-stage fund
Montréal-based Inovia Capital has raised $200 million in the first close of its sixth early-stage venture fund.
The fund has a target of $325 million, which the firm hopes to reach by the first quarter of 2027.
Inovia says this will be its first completely AI-native fund, investing in startups that use AI from the start.
It plans to focus on AI and other frontier technologies, including cybersecurity, energy, robotics and quantum computing.
The fund aims to make 15 to 20 core investments in technology companies at the seed or Series A stage across North America and Europe.
Returning investors, including Canadian public institutions and financial organizations, backed the first close.
The new fund brings Inovia’s assets under management to $2.7 billion.
Inovia Capital has completed a $200-million USD first close for its sixth early-stage venture fund.
The close puts the Montréal-based investor more than halfway toward its $325-million USD target.
Inovia says Fund VI will be its first completely AI-native fund and will focus on frontier technologies.
The fund aims to make 15 to 20 core investments in seed-to-Series A startups across North America and Europe.
The first close brings Inovia’s total assets under management to $2.7 billion USD.
- Who
- Inovia Capital, a Montréal-based technology investor.
- What
- It raised $200 million USD in the first close of its sixth early-stage venture fund, Fund VI.
- When
- The announcement was published on October 19, 2026; Inovia said the fundraise had taken six months.
- Where
- The fund will invest in startups across North America and Europe.
- Why
- The fund will back AI-native startups and emerging frontier technologies.
This story does not have two clearly opposing sides.
Inovia began raising the $200-million USD first close.
Inovia announced the first close of Fund VI.
Inovia hopes to reach Fund VI’s $325-million USD target.
- First close
- $200 million USD ($282 million CAD)
- Fund VI target
- $325 million USD
- Core investments
- 15 to 20
- Investment stages
- Seed to Series A
- Assets under management after close
- $2.7 billion USD
What people are saying
first completely AI-native fund where every business from day one is using AI in some way to change the world.