On June 15, 2022, Inovia Capital, a Montreal-based venture capital firm, announced the closing of its fifth early-stage fund, raising US$325 million to support tech-focused companies aiming to become category leaders. 

The fund was strongly supported by existing and new investors, and will back tech-focused companies financially in their aspirations and new endeavors. This is part of their plan to help build global, sustainable companies that will strengthen Canada’s technology market.