Latest fund size
$200M
Announced
October 22, 2026
Global HQ
Canada
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Check size
$1M-$10M
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Stage focus
Seed, Series A
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Regions of investment
North America, Europe
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Inovia Capital is a Montreal-based venture capital firm founded in 2007, investing in software and AI companies with global ambitions from pre-seed through pre-IPO. The firm manages more than $2.7 billion in assets across its venture, growth equity, and Discovery Program fund-of-funds strategies, with additional offices in Toronto, Vancouver, London, and Abu Dhabi.
Chris Arsenault, Co-Founder and Managing Partner
Dennis Kavelman, Managing Partner, Growth
Karamdeep Nijjar, Partner
Magaly Charbonneau, Partner and Montreal Lead
mcharbonneau@inoviacapital.com
Shawn Abbott, Partner
Kory Jeffrey, Partner
Taha Mubashir, Partner
Steven Woods, Partner and CTO
Hugues Lalancette, Partner
Mia Morisset, Partner, Growth
Raif Jacobs, Partner
Marianne Dubois, Head of the Discovery Program
Charlotte Borgognoni, Vice President
Etienne Gauthier, Vice President
Noah Nagle, Vice President, Venture
Pascale Archambault, Vice President, Venture Capital
Steven Chung, Investor
Gabi Piccininni, Venture Investor
Sami Khdair, Venture Investor
Members only
Names, roles, emails and LinkedIn profiles for the team, plus the fund's website.
Inovia Capital invests in software and AI companies with global ambitions, from pre-seed through pre-IPO, and steers away from hardware-only plays, pure consumer or social apps without an enterprise path, non-technology businesses, and companies without global ambitions.
Its sixth venture fund is the firm's first fully AI-native vehicle, backing AI-native startups and frontier technology spanning cybersecurity, infrastructure, developer operations, energy, compute, robotics, and quantum computing, with 15 to 20 core investments planned across North America and Europe.
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What the fund looks for in founders and which sectors it backs.
Inovia Capital has raised $200 million toward a $325 million target for its sixth early-stage venture fund, with a first close announced in October 2026 backed by returning investors Business Development Bank of Canada, La Caisse de dépôt et placement du Québec, CIBC, Fondaction, Fonds de solidarité FTQ, Investissement Québec, and Teralys Capital.
The firm aims to reach its full target by the first quarter of 2027.
Fund VI follows Fund V, which closed at $325 million and has posted top-quartile performance against Cambridge Associates and Carta benchmarks, with portfolio companies including Cohere, Flare, Gaia, and Spellbook.
Alongside its venture funds, Inovia runs a third growth equity fund that has raised $365 million toward a $450 million target, a $100 million Venture Scientist Fund co-launched with Mila, and the Discovery Program, a fund-of-funds vehicle for emerging managers that it is rebuilding with Northleaf Capital Partners.
Members only
Fund size, LPs and track record.
Leadership
Inovia Capital was founded in 2007 by Chris Arsenault, who serves as Co-Founder and Managing Partner. Fund VI is overseen by partners Karamdeep Nijjar, Magaly Charbonneau, Shawn Abbott, Kory Jeffrey, and Taha Mubashir, alongside Steve Woods, the firm's CTO and partner.
The broader leadership team includes Dennis Kavelman, Managing Partner of Growth; Patrick Pichette, Partner and former Google CFO; Hugues Lalancette, Partner; Mia Morisset, Partner on the growth team; and Marianne Dubois, Partner and Head of the Discovery Program.
Investment Strategy
Fund VI focuses on seed to Series A companies, writing checks of $1 million to $10 million into pre-revenue startups and targeting 15 to 20 core investments over roughly three years across North America and Europe.
The firm sources many of these deals through its Discovery Program, a fund-of-funds initiative that backs emerging managers and feeds direct co-investment opportunities back to Inovia.
Notable Investments
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Leadership, investment strategy, notable investments and exits.
