iNovia Capital Raises $175 Million to Bolster Fund

iNovia Capital has raised $175 million for its latest venture capital fund.

The Montreal-based VC firm raised more than its original target of $150 million due to a weak Canadian dollar.

“We raised an extra C$25 million for this fund purposely because of the foreign-exchange,”  Chris Arsenault of iNovia told The Wall Street Journal.

Investors in the fund include Teralys Capital and HarbourVest Partners.

Recent in investments made by iNovia AppDirect, Granify, and TrackTick.