News Summary

Innovobot Resonance Ventures (IRV), a Montréal-based venture capital firm, has announced a refreshed vision for its deep tech VC fund under the leadership of Neha Khera. After previous challenges in raising its targeted $40-million CAD fund, IRV has restructured to focus on investing in 25 to 30 deep tech startups across Canada, with Khera at the helm as the new managing partner. Khera, who has extensive experience in the VC industry, will guide the firm in navigating the tough VC fundraising landscape in Canada. Despite initial fundraising difficulties, IRV plans to invest in startups at the pre-seed and seed stages, focusing on cutting-edge sectors like AI, robotics, IoT, and advanced materials. The firm aims to build a lasting platform for early-stage technology investment in Canada, leveraging the expertise of Innovobot Labs for due diligence and post-investment support. The fund is open to investments both in Canada and internationally, with a focus on companies that have strong intellectual property and technical moats.