Inovia Capital, which is considered one of Canada’s leading venture capital firms, is opening a new office in London.
The firm has also announced it is raising a fourth early-stage fund of US $200 million, as well as a new US $400 million growth-stage fund.
The new London office will be headed up Patrick Pichette, former senior vice president and chief financial officer at Alphabet/Google.
Inovia backs founders with global aspirations, who leverage technology to improve people’s lives.
The firm invests in applied services and infrastructure platforms focused on transforming complex legacy industries, such as financial services, healthcare, commerce, transportation, travel and others.
Chris Arsenault, general partner and co-founder, Inovia Capital, comments: “We are excited to help build the next generation of respected global companies with a deep ambition to create a lasting, positive impact on humankind.”
Patrick Pichette, general partner, Inovia Capital, comments: “Inovia Capital is laser-focused on supporting entrepreneurs. We invest in long-term relationships because we know from experience what it takes to build global champions