Inovia Capital has closed a second fund totalling $450 million and has confirmed its increased interest in the European marketplace.
A $400 million fund was announced in February of 2019, and with this newest round sees Inovia’s total capital under management at over $1.5 billion. Both new and existing investors participated in the most recent round.
Inovia has invested over $750 million across 100 companies that have collectively raised over $5.3 billion and currently employ over 10,000 globally.
With the fresh lining of the coffers, Inovia plans to invest in growth-stage, tech-focused companies across the fintech, healthtech, commerce, future of work, and travel industries.
The London-based team will be led by Patrick Pichette, a figure who’s previously chaired the board of Twitter and Lightspeed. Pichette also sits on the board of cycling app Zwift, and is a founding member of CDL Oxford, a jury member of Falling Walls in Germany.
“We are super enthusiastic about the growth stage opportunities in Europe. Europe plays host to an amazing array of up and coming entrepreneurial and tech talent, and more companies are raising early-stage investment every year.” Pichette said.
“But when the time comes to scale their businesses, Inovia is there not only with the financial capacity to fuel their growth, but more importantly with the networks and know-how to enable entrepreneurs to build truly global champions and compete on the global stage.”