Montreal's iNovia Capital raises US$600 million to invest in tech companies

Montreal-based venture capital firm iNovia Capital has raised two new investment funds worth a total of US$600 million — almost CAD$796 million — that it plans to use to invest in technology companies.
One fund, with US$200 million, will be invested in early-stage companies; the other, with US$400 million, will be used to invest in “growth stage” companies — businesses that iNovia believes could grow to a valuation of over $1 billion, said Chris Arsenault, a general