CDPQ reinvests close to USD100 million in iNovia Capital

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La Caisse de dépôt et placement du Québec (“CDPQ”) is participating, as an investor, in the creation of two new funds announced earlier today by iNovia Capital, a Québec venture capital firm. CDPQ will invest USD75 million (CAD100 million) for its fund targeting growing technology companies, and USD20 million (CAD27 million) will be earmarked for its fund for startups. CDPQ has a long history with iNovia as a sponsor of its funds. Over the last few years, iNovia has also become an important co-investment partner for CDPQ’s teams. This has also led to direct investments in businesses in the new economy, such as Lightspeed, TrackTik and Poka. In addition, iNovia Capital was one of the first investors to move into Espace CDPQ. Its presence in Place Ville Marie, alongside other actors in the Québec finance ecosystem, has encouraged cooperation between investors and led to co-investments with partners from Espace CDPQ, to the benefit of young technology companies. false false false ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2018, it held CAD308.3 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.