Montreal-based Inovia Capital has unveiled its inaugural Discovery Fund, securing $34 million for investments in North American pre-seed and seed-stage startups.
The fund aims to aid emerging VC managers, already backing numerous firms and reserving capital for direct investments. Notable limited partners include Deloitte Ventures and Roller Labs Ventures. This move supports Inovia’s broader mission of assisting founders throughout their growth journey.
While the economic downturn challenges emerging managers, Inovia’s institutional investor base provides stability. The Discovery Fund plays a pivotal role in a volatile market, fostering innovation in the tech sector.
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