News Summary

Montréal-based Inovia Capital, a prominent venture capital firm with over $2.5 billion USD in assets, has announced the promotion of two of its principals, Kory Jeffrey and Taha Mubashir, to partner roles. This strategic move comes as Inovia prepares to launch its sixth venture fund and a larger second Discovery Fund in 2026. The new venture fund will target investments from seed to Series B stages, with a particular focus on AI companies, cybersecurity, and FinTech. The Discovery Fund aims to invest in emerging VC fund managers and early-stage startups. Inovia’s expansion reflects its commitment to supporting Canadian and global startups, especially in a challenging fundraising landscape where emerging managers face significant hurdles. The firm’s past investments include notable Canadian unicorns such as Cohere, Wealthsimple, and Hopper.