iNovia Capital announces iNovia III, $110m new venture capital fund
Great news for iNovia Capital, and for all the partners (Chris Arsenault, John Elton, and many more), iNovia Capital has just announced a new VC fund called iNovia III, from Teralys Capital, BDC, , AVAC Ltd., Alberta Enterprise, the B.C. Renaissance Capital Fund, and existing iNovia general partners. 2 of our portfolio companies will do over $100M in revenue this year, with several more on a revenue run rate of over $10M, plus a number of earlier stage investments that are growing at extraordinary rates. $37M funding in BeyondTheRack that reaffirmed our commitment to eCommerce (further building on ourinvestment in Well.ca) 1st Y Combinator alumnus company, Vidyard – aninvestment that also fits perfectly alongside AppDirect in our belief around the consumerization of enterprise applications. 7 co-investments with Greycroft Partners, 3 each with Rho Canada, Panorama Capital and Metamorphic Ventures and 2 with Accel Partners. 6 investments with seed funds Real Ventures and Extreme VP andhelping to launch Growlab with amazing partners and co-investors. This is a great time to be an entrepreneur in Montreal and in Canada. And to join the VCs as well: iNovia is hiring now an associate. If you haven’t applied yet, do it now!