Inovia secures $200-million USD first close for sixth early-stage VC fund

What happened

Inovia Capital has completed a $200-million USD ($282-million CAD) first close of its sixth early-stage venture capital (VC) fund. The multi-stage, Montréal-based technology investor announced the news today in a LinkedIn post .

The first close brings Inovia more than halfway to its $325-million USD Fund VI target. As BetaKit has previously reported , the strategy and size of Fund VI is expected to be “very similar” to its $325-million USD predecessor.

Inovia secures $200-million USD first close for sixth early-stage VC fund By Josh Scott October 19, 2026 Email Share on LinkedIn Share on X Share on Reddit Share on BlueSky Fund VI will be Inovia’s “first completely AI-native fund” and focus on frontier tech. Fund VI will be Inovia’s “first completely AI-native fund” and focus on frontier tech.

Returning Inovia limited partners (LPs) like the Business Development Bank of Canada, La Caisse de dépôt et placement du Québec, Canadian Imperial Bank of Commerce, Fondaction, Fonds de solidarité FTQ, Investissement Québec, and Teralys Capital supported the first close. It took Inovia six months to reach this $200-million USD mark, which puts the firm more than halfway toward its $325-million USD target for its latest fund, which it hopes to hit by the first quarter of 2027.

Inovia partner Karamdeep Nijjar told BetaKit over email that Fund VI will focus on AI-native startups and emerging frontier technologies across cybersecurity, infrastructure, developer operations, energy, compute, robotics, and quantum. He said Fund VI is the investment firm’s “first completely AI-native fund where every business from day one is using AI in some way to change the world.” Nijjar credited Inovia’s progress amid a tough fundraising market to the trust it has built among its LPs “over many years,” and the strength of its platform, which spans discovery, VC, and growth equity.